Enterprise Prices $2.5 Billion of Senior Unsecured Notes Enterprise Products Partners L.P. (EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.5 billion of senior unsecured notes comprised of $750 million due May 7, 2018 (“Senior Notes OO”), $875 million due February 15, 2026 (“Senior Notes PP”), and $875 million due
Enable Midstream Announces Acquisition of Monarch Natural Gas Gathering Assets in Texas Panhandle Enable Midstream Partners, LP (ENBL) announced today that on May 1, it completed acquisition of $80 million of strategic natural gas gathering assets in the Texas Panhandle from Monarch Natural Gas, LLC. The assets are underpinned by long-term dedication of 35,000 net acres from a producer who
Dakota Prairie Refinery Commences Startup Operations MDU Resources Group, Inc. (MDU) and Calumet Specialty Products Partners, L.P. (CLMT) today announced that the Dickinson, North Dakota-based Dakota Prairie refinery, the first greenfield fuels refinery built in the U.S. in nearly 40 years, has commenced operations. The facility has begun producing diesel fuel and is expected to begin sales of diesel as
Enterprise Products Partners L.P. (EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.5 billion of senior unsecured notes comprised of $750 million due May 7, 2018 (“Senior Notes OO”), $875 million due February 15, 2026 (“Senior Notes PP”), and $875 million due May 15, 2046 (“Senior Notes QQ”). We expect
New Source Energy Partners L.P., a Delaware limited partnership (NSLP) (the “Partnership” or “New Source”), today announced that it has commenced a public offering of $40 million of Series A Cumulative Convertible Preferred Units (“Series A Preferred Units”) pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”). The Partnership will
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Arc Logistics Partners LP Announces Quarterly Distribution, First Quarter 2015 Earnings Release and Conference Call Schedule Arc Logistics Partners LP (“Arc Logistics” or the “Partnership”), a Delaware limited partnership (ARCX), announced today that the board of directors of its general partner has declared a cash distribution of $0.41 per unit ($1.64 per unit on an annualized basis) for the period
Western Refining Logistics, LP Announces Quarterly Cash Distribution The Board of Directors of the general partner of Western Refining Logistics, LP (WNRL) declared a quarterly cash distribution for the first quarter 2015 of $0.3475 per unit, or $1.39 per unit on an annualized basis. This distribution represents a 4.5% increase over the quarterly distribution of $0.3325 per unit paid in
LINN Energy and LinnCo Announce Monthly Distribution and Dividend LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) announced today monthly distributions and dividends, respectively. LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable May 14, 2015, to unitholders
Growing production and higher EBITDAX despite low commodity prices Commodity prices have put tremendous strain on the entire oil and gas industries, with companies cutting capital expenditures by 35% on average, based on analysis done by EnerCom Inc. Despite the large capital reductions, some producers are still finding a way to grow business. Fort Worth-based Lonestar Resources (ticker: LNR) proved
LINN Energy reported Q1’15 results, increased production LINN Energy (ticker: LINE) reported its first quarter results today, growing production despite a 65% decrease in 2015 capex compared to 2014. The company’s production increased by 2% to approximately 1,201 MMcfe/d, according to the company’s press release. “Production in the first quarter was positively impacted by efficient operations across our portfolio particularly
Leading Natural Gas Producer not Slowing Down Range Resources (ticker: RRC) maintained its 20% to 25% annual line-of-sight growth strategy in its Q1’15 results, announcing a new production record of 1,328 MMcfe/d in the quarter. Volumes for 2015 are expected to average 1,394 MMcfe/d (30% liquids) for the fiscal year based on the company’s guidance of 20% growth, even though
