Weekly Inventories – Page 111

NGL Energy Partners LP Announces Transaction with ArcLight Capital Partners

January 11, 2016

NGL Energy Partners LP (NYSE:NGL) today announced that it has entered into an agreement with an affiliate of ArcLight Capital Partners (“ArcLight”) to sell TransMontaigne GP LLC (“TLPGP”) for $350 million in cash. TLPGP is the general partner of TransMontaigne Partners L.P. (“TLP”) and holds the 2% general partner (“GP”) interest and incentive distribution rights (“IDRs”) of TLP. NGL expects

Colorado Oil: Adams County Commissioners Vote to Put in a Temporary Moratorium on Oil & Gas Permit Applications- Oil & Gas 360

Oil & Gas Industry Looks to 2016 for Answers

January 4, 2016

Survey of Energy Industry Executives and Investment Professionals Focused on the Oil & Gas Industry In December, Oil & Gas 360® conducted a survey of industry executives and investors. We asked respondents to predict commodities pricing for 2016, as well as U.S. CapEx, global demand and U.S. production for the year ahead. Who are the respondents? 50% are executives from E&P,

Why are You Drilling?

December 23, 2015

Does the term “bearish” even begin to describe commodity prices anymore? Oil prices are generating most of the headlines, but natural gas has it just as tough: spot prices for Henry Hub are trading at 16-year lows. The story remains the same, as the supply/demand imbalance remains tilted towards the former with headwinds applying additional downward pressure. The tightened margins

Enbridge Inc., Enbridge Energy Partners Comment on Minnesota Public Utilities Commission Hearing

December 22, 2015

CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – The Minnesota Public Utilities Commission (Commission) voted, at its most recent hearing on December 17, 2015, on several matters regarding the process to review the applications for a certificate of need and route permit for Enbridge Energy Partners, L.P.’s (“EEP”) proposed Sandpiper pipeline and EEP’s portion of the Line 3 pipeline replacement project

Scotiabank Report: Oil Near Term Could Hit $30

December 21, 2015

Bank Looks for Commodities Prices to Rebound on “Broad Front” by 2017, Examines 2015 OPEC/Saudi Actions Scotiabank Economics released its annual commodities outlook today, saying near term WTI could be US$30, based on post-Dec. 4 OPEC oil trading below US$35 already, “and could drop to US$30 near-term.” Scotiabank reviewed Saudi Arabia’s Fall 2015 actions as “apparently willing to implement a series of output

Will Weak Oil Prices Push Fed Back to Zero?

December 18, 2015

First Lift Off in the History of U.S. Monetary Policy (Editor’s Note: Art Hogan, Wunderlich Securities, Inc. Director of Research & Chief Market Strategist, offered the following commentary about the Fed’s move this week to raise interest rates.) Seven years ago, the Federal Open Market Committee made the historically unprecedented move of targeting the zero bound for the federal funds

Moody’s Calls for Oil Prices to “Eventually Rebound”

December 15, 2015

Revises Price Assumptions Down in the Interim A Moody’s Investors Service report out today has lowered pricing assumptions for Brent and WTI and examines how a sustained period of lower oil prices would affect certain industries in producing and non-producing countries. Moody’s revised its crude oil spot pricing assumptions as follows: The report sums up the situation as follows: “Ongoing

SEC Reserves Price Deck Down 48% for 2016

December 8, 2015

Low oil prices bring SEC price deck down to $50.13 With the end of 2015 quickly approaching, and companies preparing for a lower Securities Exchange Commission (SEC) price deck for reserves reporting, proved reserves for oil and gas companies are likely to diminish significantly in the near future. The dramatic decrease in oil prices since November of last year has

EV Energy Partners Repurchases $74 Million of Senior Notes for $50 Million

December 7, 2015

EV Energy Partners, L.P. (EVEP) announced the repurchase of $74 million of outstanding Senior Notes for $50 million in cash, representing a price to par of 67.6 percent, plus accrued interest. EVEP has approximately $426 million in Senior Notes outstanding after the repurchase. The Partnership currently has $265 million outstanding under its credit facility and a borrowing base of $625

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Report: Devon Energy in Acquisition Talks, Would Become Cana-Woodford’s Dominant Operator

December 4, 2015

Sources Say Deal for Felix Energy LLC would be for about $2 Billion, Including Debt Devon Energy (ticker: DVN) is in pursuit of privately held Felix Energy LLC, according to a report from Reuters on December 3, 2015. Devon supposedly made a cash-and-stock offer to EnCap Investments LP, the financier of Denver-based Felix. EnCap is a mainstay on the oil

MarkWest Energy: Anatomy of a Bad Deal

December 2, 2015

MarkWest Energy: Sold. “For Pennies on the Dollar.” Unitholders Say “No” on Management Bonus Payments MarkWest Energy Partners (ticker: MWE) distributed a news release announcing that unitholders approved the merger with MPLX (ticker: MPLX), an MLP created by Marathon Petroleum (ticker: MPC). From the MarkWest news release: “Based on the voting results, approximately 80 percent of the units voted at

Range Resources Declares Quarterly Dividend

December 2, 2015

FORT WORTH, TX–(Marketwired – Dec 2, 2015) – RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter. A dividend of $0.04 per common share is payable on December 31, 2015 to stockholders of record at the close of business on December 15, 2015. RANGE RESOURCES

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