Weekly Inventories – Page 119

Top Minds in the Business: Mike Howard, CEO Howard Energy Partners

July 10, 2015

Energy infrastructure is becoming increasingly important as the United States steps into the role of the world’s largest producer, pumping about 55 quadrillion Btu (about 27.5 MMBOEPD) of petroleum and natural gas in 2014. The growth of production has outstripped that of infrastructure, bringing the importance of midstream companies to center stage since the shale revolution. Speaking with Oil &

Enterprise Expands Propylene Pipeline System

July 9, 2015

Enterprise Expands Propylene Pipeline System; Converting North Dean and Lou-Tex Pipelines to Polymer Grade Service Enterprise Products Partners L.P. (EPD) today announced a series of projects to convert and expand segments of its petrochemicals pipeline network designed to increase throughput capacity for polymer grade propylene (“PGP”) and enhance system flexibility and reliability. • North Dean pipeline conversion and expansion –

Sanchez Production Partners Initiates Capital Restructuring with a 1-for-10 Reverse Split

July 9, 2015

Sanchez Production Partners LP (NYSE MKT: SPP) (“SPP” or the “Partnership”) today announced that it intends to implement a 1-for-10 reverse split on its common units, effective after the market closes on August 3, 2015. “Since the summer of 2013, we have worked diligently to better position SPP for future growth by initiating a business development relationship with a committed

Exterran Announces New Name for the U.S. Market Leader in Contract Compression Services

July 9, 2015

Exterran and Exterran Partners are pleased to announce the future name of the market leader in U.S. natural gas contract compression services: Archrock. In the third quarter of 2015, Exterran expects to separate its international contract operations, international aftermarket services and global product line businesses into a standalone company, resulting in two independent companies. The remaining company, which will be

Legacy Reserves Gears Up with $440 Million Acquisition, Joint Venture Agreement

July 8, 2015

Legacy Enters East Texas, More Acquisitions to Follow? Legacy Reserves LP (ticker: LGCY), a master limited partnership (MLP) with an exploration and production focus, announced significant additions to its growth plan in separate news releases on July 6, 2015. Legacy Background The MLP has historically been a very active player on the acquisition market, completing seven deals in 2014 and

Enterprise Completes Acquisition of Eagle Ford Assets

July 8, 2015

Enterprise Completes Acquisition of Eagle Ford Midstream Assets Enterprise Products Partners L.P. (EPD) today announced it has closed on its purchase of the member interests in EFS Midstream LLC (“EFS Midstream”) from affiliates of Pioneer Natural Resources Company (“Pioneer”) and Reliance Holding USA Inc. (“Reliance”). The purchase price of $2.15 billion is being paid in two installments. The first installment

Williams’ Transco Seeks FERC Approval for Pipeline to Serve New York City

July 8, 2015

Williams’ Transco Seeks FERC Approval for Pipeline Expansion to Serve New York City by Winter 2017 Williams (WMB) announced today that Transco has filed an application with the Federal Energy Regulatory Commission for its New York Bay Expansion Project to deliver additional natural gas to New York City in time for the 2017/2018 heating season. Earlier this year, Williams’ Transco

Magnum Hunter Resources Announces Commitment to Amend Its Senior Secured Revolving Credit Facility

July 8, 2015

Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the “Company” or “Magnum Hunter”) announced today that it has received and accepted a firm commitment (the “Commitment”) from Bank of Montreal, which is the administrative agent and lead lender under the Company’s senior secured revolving credit facility (the “Facility”), to (i) consent to certain

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Genesis Energy Increases Distribution

July 7, 2015

Genesis Energy, L.P. Increases Quarterly Distribution Genesis Energy, L.P. (GEL) announced today that it will pay a regular quarterly distribution of $0.625 per Common Unit for the quarter ended June 30, 2015. The distribution will be paid on August 14, 2015, to Common Unitholders of record at the close of business on July 31, 2015. This distribution represents an increase

Enterprise Increases Distributions

July 7, 2015

Enterprise Declares Distribution; 44th Consecutive Quarterly Distribution Increase Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.38 per common unit, or $1.52 per unit on an annualized basis. The quarterly distribution will be paid on Friday, August 7, 2015, to

Plains All American Increased Distributions

July 7, 2015

Plains All American Pipeline, L.P. and Plains GP Holdings Increase Distributions Plains All American Pipeline, L.P. (NYSE: PAA) andPlains GP Holdings (NYSE: PAGP) today announced their quarterly cash distributions with respect to the second quarter of 2015. The distributions will be payable on August 14, 2015 to holders of record of each security at the close of business on July

Yuma Energy, Inc. Announces Successful Completion of its Talbot 23-1 Well and Provides an Operational Update

July 7, 2015

Yuma Energy, Inc. (NYSE MKT: YUMA) (NYSE MKT: YUMA-PA) (the “Company”) today announced the successful completion of its Talbot 23-1 well and provided an operational update on its properties. Amazon 3-D Project, Talbot 23-1 – Jefferson Davis Parish, Louisiana. On June 23, 2015, the Talbot 23-1 well (45% working interest) tested at an initial gross production (“IP”) rate of approximately

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