Spectra Energy Selects 2015 Scholarship Recipients Spectra Energy Corp (SE) today announced that 10 children of company employees have been selected to receive up to $5,000 per year in scholarship funds toward undergraduate study at an accredited college or university in the U.S. or Canada. “Spectra Energy is proud to continue our tradition of offering a scholarship program for the
Genesis Energy, L.P. Prices Offering of Senior Notes Genesis Energy, L.P. (GEL) announced today that it has priced at par a public offering of $400,000,000 in aggregate principal amount of 6% senior unsecured notes due 2023. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our
In a move designed to simplify the corporate structure, streamline governance and position itself for investment-grade ratings, Williams (ticker: WMB) is merging with its limited partnership subsidiary in an all stock-for-unit transaction. The merger is valued at $13.8 billion and is expected to close in the fall of 2015. Williams owns 60% of its subsidiary, Williams Partners (ticker: WPZ), and
Memorial Lowers LOE, Raises Production in Q1 Memorial Production Partners (ticker: MEMP) announced its first quarter results last week, highlighting increases in production and Adjusted EBITDA while simultaneously lowering lease operating expenses (LOE) compared to the first quarter 2014. “Despite severely reduced commodity prices throughout the quarter, MEMP had several positives,” said John Weinzierl, Chairman and CEO of Memorial. “Production
Staying focused on what is within the company’s control Low oil prices are out the control of individual E&P companies, and every single producer has felt the pain from the 40% commodity price haircut stemming from OPEC’s decision last November to maintain production levels. Resolute Energy (ticker: REN) is focusing on the costs they can control in its oil-weighted asset
CO2-EOR a technical success in the Charles formation Magellan Petroleum (ticker: MPET) announced last week that the company’s CO2 enhanced oil recovery (CO2-EOR) pilot project is a “technical success,” according to MPET President and CEO J. Thomas Wilson. The pilot was concluded and proves that it is a technically viable tertiary recovery method in the Charles formation at Poplar Dome,
EQT GP Holdings, LP, a Delaware limited partnership and an EQT Corporation company, today announced the pricing of its initial public offering of 23,000,000 common units representing limited partner interests at $27.00 per common unit. The underwriters have been granted a 30-day option to purchase up to an additional 3,450,000 common units at the initial public offering price, less underwriting
The IRS issued a proposed rule on the scope of qualifying income for MLPs In April of 2014, the IRS put a temporary pause on private letter rulings (PLRs) regarding what business qualified for tax-free inclusion in energy master limited partnerships (MLPs). The IRS treats an entity as a partnership so long as 90% or more of the MLP’s gross
MLP earnings for the three months ended March 31, 2015. May 15, 2015 Sanchez Production Partners – NYSE MKT: SPP May 14, 2015 Teekay LNG Partners – NYSE: TGP Teekay Offshore Partners – NYSE: TOO May 11, 2015 American Midstream Partners – NYSE: AMID CONE Midstream Partners – NYSE: CNNX EV Energy Partners – NASDAQ: EVEP New Source Energy Partners
PetroQuest Energy (ticker: PQ), a micro-cap E&P headquartered in Lafayette, Louisiana, projects volumes to reach record highs of 125 to 131 MMcfe/d (76% gas) in Q2’15, the company said in its Q1’15 earnings release. Charlie Goodson, Chief Executive Officer and President of PetroQuest, said, “This record production profile coupled with a minimal capex program in the back half of 2015
Enterprise Products Partners announces strong Q1 on petrochemicals and refined products Enterprise Products Partners (ticker: EPD) reported its first quarter 2015 earnings and increased its distribution for the 51st time since its initial public offering, backed by strong performances from its petrochemical and refined products divisions. For Q1’15, the company reported cash distribution of $0.375 per unit, distributable cash flow
DENVER, CO — (Marketwired) — 05/05/15 — American Eagle Energy Corporation(NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces that, effective as of the close of business on April 30, 2015, Kirk Stingley resigned as the Company’s Chief Financial Officer to pursue other interests in the private sector. Effective as of the opening of business on May 1, 2015, Martin J.
