Energy News

Enbridge Optimizes Regional Oil Sands Infrastructure Expansions

CALGARY, ALBERTA–(Marketwired – March 5, 2015) – Enbridge Inc., (TSX:ENB) (NYSE:ENB) announced today plans to optimize a previously announced expansion of its Regional Oil Sands System. The optimization, which has been agreed to with affected shippers, will involve capital cost
March 6, 2015 - 5:34 pm Energy News

EU member states evasive on shale-gas activities

Story by European Voice

The European Commission’s attempts to gain an overview of shale-gas extraction and exploration in the EU have not been greeted enthusiastically by most member states. Asked to provide information about shale-gas activities, many member states submitted …

March 6, 2015 - 5:26 pm Energy News
Energy XXI Gulf Coast, Inc. Prices Upsized Private Offering

Energy XXI Gulf Coast, Inc. Prices Upsized Private Offering

HOUSTON, March 5, 2015 (GLOBE NEWSWIRE) — Energy XXI Gulf Coast, Inc. (the “Company”), the operating subsidiary of Energy XXI Ltd (“Energy XXI”) (Nasdaq:EXXI), today announced that it has priced its private offering to qualified institutional buyers of $1.45 billion …

March 5, 2015 - 7:13 pm Energy News

Canadian Natural keeps 2015 spin-off plan as 4th-quarter profit jumps

From Reuters:

Canadian Natural Resources Ltd, the country’s No. 2 oil and gas producer, said on Thursday it expects to spin off its Western Canada royalty lands this year as it reported unexpectedly strong fourth-quarter results and boosted its dividend.…

March 5, 2015 - 7:09 pm Energy News

Wolf’s budget plan calls for new tax on natural gas industry

From StateImpact:

Following through on his campaign pledge, Governor Wolf made taxing the natural gas industry a central part of his budget proposal Tuesday.

Wolf wants to model it on West Virginia, with a tax on both volume and sales. …

March 5, 2015 - 7:07 pm Energy News

Why OPEC is dead

Story by CNBC

Commentary by Brenda Shaffer, Professor at the University of Georgetown

With oil’s price collapse, we can now declare that OPEC’s reign as king of the market is over. However, just as certain is the fact that there

March 4, 2015 - 6:58 pm Energy News

Ensco Prices $1.1 Billion Offering of Senior Notes

Ensco plc (ESV) announced today that it has priced an underwritten offering of $1.1 billion principal amount of senior unsecured notes consisting of two series:

  • $700 million principal amount of 5.20% senior unsecured notes due 2025 priced at
March 4, 2015 - 6:56 pm Energy News
MarkWest Energy Partners Closes Public Offering of Additional $650 Million of 4.875% Senior Notes Due 2024

MarkWest Energy Partners Closes Public Offering of Additional $650 Million of 4.875% Senior Notes Due 2024

MarkWest Energy Partners, L.P. (NYSE: MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (“Finance Corp.”) announced today the closing of a public offering of an additional $650 million of 4.875% senior unsecured notes due 2024 (the “Additional Notes”).…

March 3, 2015 - 7:09 pm Energy News
Williams Partners Completes $3 Billion Offering of Senior Notes

Williams Partners Completes $3 Billion Offering of Senior Notes

Williams Partners L.P. (NYSE: WPZ) today announced that it has completed a public offering of $1.25 billion of its 3.6 percent senior notes due March 2022, $750 million of its 4.0 percent senior notes due September 2025 and $1 billion

March 3, 2015 - 7:07 pm Energy News

Western Gas Announces Acquisition and 2015 Outlook

Western Gas Partners, LP (NYSE: WES) (“WES” or the “Partnership”) today announced that it has acquired Anadarko’s 50% interest in the Delaware Basin JV gathering system. The Partnership paid no consideration at closing, but agreed to make a future payment …

March 3, 2015 - 7:03 pm Energy News

Energy XXI Gulf Coast, Inc. Announces Private Offering of $1.25 Billion of Senior Secured Second Lien Notes Due 2020

Energy XXI Gulf Coast, Inc. (the “Company”), the operating subsidiary of Energy XXI Ltd (“Energy XXI”) (Nasdaq:EXXI), today announced that it has commenced a private offering to qualified institutional buyers of $1.25 billion principal amount of Senior Secured Second Lien …

March 3, 2015 - 7:00 pm Energy News

Guess what country’s energy sector is up 22%

Story by CNBC

Most investors are probably steering clear of the global energy sector these days—nearly every country has seen their oil and gas sectors fall—but there has been one unlikely bright spot among all the bad news: Russia.

Year-to-date,

March 3, 2015 - 6:56 pm Energy News

Tallgrass Energy Partners Closes on the Acquisition of an Additional 33.3 Percent Interest in Pony Express

Tallgrass Energy Partners, LP (NYSE: TEP) (“TEP” or the “Partnership”) announced today that it has closed on the acquisition of an additional 33.3 percent interest in Tallgrass Pony Express Pipeline, LLC (“Pony Express”) for cash consideration of $700 million. The …

March 2, 2015 - 6:34 pm Energy News

Range Resources Declares Quarterly Dividend

RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the first quarter. A dividend of $0.04 per common share is payable on March 31, 2015 to stockholders of

March 2, 2015 - 6:23 pm Energy News

Sanchez Energy Announces Fourth Quarter And Full-Year 2014 Financial Results And Updates Operations; Record Fourth Quarter Revenues Rise 33% On 133% Higher Production Compared To Fourth Quarter 2013

Sanchez Energy Corporation (SN) (the “Company,” “Sanchez Energy,” “we,” “our” or similar terms), today announced the Company’s operating and financial results for the fourth quarter and full-year 2014, which included the following highlights:

HIGHLIGHTS FOR FOURTH QUARTER 2014…

March 2, 2015 - 6:17 pm Energy News

American Eagle Energy Announces Operations and Reserves Update and Guidance

American Eagle Energy Corporation (NYSE MKT: AMZG) (“American Eagle” or the “Company”) announces an operations update for the fourth quarter ending December 31, 2014, capital spending and production guidance, and estimated proved reserves for year-end 2014.

Operated Well Development

During

March 2, 2015 - 6:15 pm Energy News

Emerge Energy Services LP Announces Fourth Quarter 2014 Results

Southlake, Texas – March 2, 2015 – Emerge Energy Services LP (“Emerge Energy”) today announced fourth quarter 2014 financial and operating results.

Highlights

Adjusted EBITDA of $36.3 million for the three months ended December 31, 2014.
Distributable Cash Flow of …

March 2, 2015 - 5:28 pm Energy News

Mid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2014 Operating and Financial Results and 2014 Year End Proved Reserves

DALLAS, March 2, 2015 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (MCEP) (“Mid-Con Energy” or the “Partnership”) announces financial and operating results for the fourth quarter and full year ended December 31, 2014. Results contained herein are preliminary and are …

March 2, 2015 - 5:23 pm Energy News

Atlas Resource Partners, L.P. Reports Operating And Financial Results For The Fourth Quarter And Full Year 2014

PHILADELPHIA, March 2, 2015 /PRNewswire/ —

  • Adjusted EBITDA, including discretionary adjustments by the Board of Directors of the General Partner, was $87.1 million(1) for the fourth quarter 2014, an approximate 39% increase from the prior year quarter
  • Distributable
March 2, 2015 - 11:30 am Energy News

Valero Energy Partners LP Announces Acquisition of Certain Valero Terminaling Businesses for $671 Million

SAN ANTONIO, Feb. 27, 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 certain businesses from subsidiaries of Valero Energy Corporation …

February 27, 2015 - 7:03 pm Energy News

Plains All American Pipeline Acquires Williston Basin Crude Oil Terminal Under Construction

Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, N.D. The terminal, which is expected to be in service …

February 27, 2015 - 7:02 pm Energy News

Atlas Energy And Atlas Pipeline Complete Mergers With Targa Resources Corp. And Targa Resources Partners

PHILADELPHIA, Feb. 27, 2015 /PRNewswire/ — Atlas Energy, L.P. (NYSE: ATLS) (“Atlas Energy” or “ATLS”) and its midstream oil and gas subsidiary, Atlas Pipeline Partners, L.P. (NYSE: APL) (“Atlas Pipeline” or “APL”), have announced the completion of the merger transactions …

February 27, 2015 - 6:59 pm Energy News

MARLIN ANNOUNCES COMPLETION OF GENERAL PARTNERSHIP SALE TO AZURE MIDSTREAM AND AZURE’S CONTRIBUTION OF LEGACY GATHERING SYSTEM

  • Transaction Creates Visible Growth Platform through Additional Dropdowns from Azure
  • Provides Increased Geographic Footprint and Expands Service Offerings
  • Stronger Balance Sheet Provides Financial Flexibility for Future Growth Opportunities

DALLAS, Feb. 27, 2015 (GLOBE NEWSWIRE) — Marlin Midstream Partners, LP (Nasdaq:FISH) …

February 27, 2015 - 6:56 pm Energy News

SandRidge Energy, Inc. Updates Shareholders on Operations and Reports Financial Results for Fourth Quarter and Full Year of 2014

  • Reported Adjusted Earnings of $0.08 per Diluted Share and Adjusted EBITDA of $224 Million for the Fourth Quarter of 2014
  • 2014 Production of 29.0 MMBoe vs 28.7 MMBoe Guidance Midpoint
  • Grew Fourth Quarter 2014 Mid-Continent Production to 76.1 MBoed, up
February 26, 2015 - 6:57 pm Energy News

Williams Partners Prices $3 Billion of Senior Notes

Williams Partners L.P. (WPZ) today announced that it has priced a public offering of $1.25 billion of its 3.6 percent senior notes due March 2022 at a price of 99.968 percent of par, $750 million of its 4.0 …

February 26, 2015 - 6:55 pm Energy News

DOE Authorizes Sabine Pass to Export Additional LNG Volumes to FTA Nations

From Sutherland LNG Law:

The U.S. Department of Energy (DOE) has authorized Sabine Pass Liquefaction (SPL) to export an additional 203 Bcf/year over 25 years from its LNG export terminal under construction in Cameron Parish, La. to nations with a …

February 26, 2015 - 6:53 pm Energy News

MarkWest Energy Partners Announces Pricing of an Upsized Public Offering of Additional $650 Million

MarkWest Energy Partners, L.P. (MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (“Finance Corp.”) announced today that they have priced an upsized public offering of an additional $650 million of their outstanding 4.875% senior unsecured notes …

February 26, 2015 - 6:48 pm Energy News

PetroQuest Energy Announces Credit Facility Amendment

PetroQuest Energy, Inc. (“PetroQuest” or the “Company”) (PQ) announced today that it has amended its senior secured bank credit facility with JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Capital One, N.A., Iberiabank, Bank of America, N.A. and …

February 26, 2015 - 6:45 pm Energy News

Chevron Raises $6 Billion From Bond Deal Repaying Borrowings

Story by Bloomberg

Chevron Corp. sold $6 billion of bonds, the biggest offering by the U.S. oil and gas producer since the 54 percent rout in crude began in July, as investors seek debt of energy producers that can weather …

February 25, 2015 - 6:43 pm Energy News

Encana Reports Strong Performance in 2014, Reduces 2015 Capital

CALGARY, AB –(Marketwired – February 25, 2015) – Encana (TSX: ECA) (NYSE: ECA)

Encana reported strong results from a transformative 2014 in which the company restructured its organization, transformed its portfolio and delivered solid operational results. The company delivered on …

February 25, 2015 - 6:09 pm Energy News