Weekly Inventories – Page 115

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Valero Energy Partners LP Announces Acquisition of Corpus Christi Terminal Services Business for $465 Million

September 23, 2015

SAN ANTONIO, Sept. 23, 2015 /PRNewswire/ — Valero Energy Partners LP (NYSE: VLP, the Partnership) today announced that the board of directors of its general partner has approved the Partnership’s acquisition of the Corpus Christi Terminal Services Business from a subsidiary of Valero Energy Corporation (NYSE: VLO, Valero) for total consideration of $465 million. The transaction is expected to close effective

American Midstream Closes Acquisition of Delta House Interest and Increases Revolving Credit Facility by 50% to $750 Million

September 21, 2015

American Midstream Partners, LP (AMID) (“Partnership”) announced today that it closed the acquisition of a minority interest in Delta House from an affiliate of ArcLight Capital Partners, LLC (“ArcLight”), which controls the general partner of the Partnership. The Partnership acquired 25 percent of ArcLight’s 51.7 percent controlling interest in Delta House, a fee-based, semi-submersible floating production system (FPS) and associated

Antero Resources Announces Drop Down of Water Business to Antero Midstream

September 21, 2015

Antero Resources Corporation (AR) (“Antero Resources” or the “Company”) announced today that it has entered into a definitive agreement for Antero Midstream Partners LP (AM) (“Antero Midstream” or the “Partnership”) to acquire Antero Resources’ integrated water business for an aggregate $1.05 billion in a combination of cash, assumed debt and Antero Midstream common units. In addition, Antero Resources is entitled

Resolute Energy Divests Hilight Field for $55 Million, Solidifies Balance Sheet

September 17, 2015

Resolute Energy Corporation (ticker: REN), an exploration and production company based in Denver, Colorado, took a step to enhance its liquidity by selling its Hilight Field asset for $55 million. The divesture, announced on September 16, 2015, is intended to reduce debt and will close before October 6. REN management began marketing the properties in June, and the company will

Resolute Energy Corporation Announces Sale of Powder River Basin Assets for $55 Million

September 16, 2015

Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) announced today that it has entered into a definitive agreement to sell its Hilight Field assets in the Wyoming Powder River Basin to an undisclosed private party for a purchase price of $55 million. The proceeds of the sale will be used to reduce debt. The transaction, which is expected to close

Enterprise Increases Credit Facility

September 16, 2015

Enterprise Increases Capacity of Bank Credit Facilities by $500 Million to $5.5 Billion Enterprise Products Partners L.P. (NYSE:EPD) (“Enterprise”) announced today that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), increased its bank credit facilities by $500 million to provide the company with up to $5.5 billion of aggregate borrowing capacity. The facilities consist of an amended $4.0 billion multi-year

Blackbird Energy Commences Drilling Program

September 15, 2015

CALGARY, ALBERTA–(Marketwired – Sept. 14, 2015) – (TSX VENTURE:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company“) is pleased to provide an operational update regarding its drill program at Elmworth and the significant progress made regarding infrastructure and tie-in. Drilling Operations & Strategy Blackbird is pleased to announce that it has received a drilling license for its third well (the “well”

Williams Companies Weighing Takeover Offers; Energy Transfer Still in the Picture

September 14, 2015

Analysts have pegged scores of oil and gas companies as potential takeover targets in the new commodity environment, but Williams Companies (ticker: WMB) is one of the few who has remained in the acquisition spotlight ever since a failed takeover attempt was made public in June. The rejected offer of $53.1 billion from Energy Transfer Equity (ticker: ETE) was refused

Milestone: Permian Basin Eclipses 2,000 MBOPD in EIA’s Drilling Productivity Report

September 14, 2015

The Permian ranks among the top-20 oil producing countries on a stand-alone basis The Permian Basin continues to deliver amid declining activity, with production levels expected to rise past 2,000 MBOPD in the Energy Information Administration’s (EIA) September issue of the Drilling Productivity Report. The Permian has, for the most part, been the only major oil and gas play to

Calumet Specialty Products Partners, L.P. Names CEO

September 14, 2015

Timothy Go to Assume CEO Role Effective January 1, 2016 Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (“Calumet” or “the Partnership”) a leading independent producer of specialty hydrocarbon and fuels products, announced today that its general partner’s Board of Directors has named energy industry veteran Timothy (“Tim”) Go as the Partnership’s incoming Chief Executive Officer, effective January 1, 2016. Mr. Go,

IEA, Citigroup Say U.S. Production Drops of up to 500 MBOPD are on the Horizon

September 11, 2015

The International Energy Agency (IEA) expects non-OPEC production to drop by nearly 500 MBOPD in 2016 as a result of declining activity in the new commodity environment. The projection, made in the Agency’s Oil Market Report for September, reinforces a Citigroup forecast earlier in the week that said United States volumes alone could fall by as much as 500 MBOPD by

Berkshire Bolts on Another 3.5 Million Shares of Phillips 66

September 10, 2015

Warren Buffet looks to Phillips 66 Just eight days after the initial news that Warren Buffet’s Berkshire Hathaway Inc. (ticker: BRK.A) had invested $4.5 billion in Phillips 66, Buffet’s firm decided to purchase an additional 3.5 million shares of the company, bringing its total share in PSX to 11.4%. Berkshire’s stake in the company is now worth $4.96 billion, based

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