MLP News

Trump Places Freeze on Issuance of Final Regulations Defining MLP Qualifying Income and Other Recent Guidance

From Baker Botts:

On Friday, the Trump Administration placed a freeze on the issuance of final regulations defining MLP qualifying income and other recent guidance. This freeze is similar to freezes imposed by Presidents Reagan, Clinton, George W. Bush …

January 23, 2017 - 10:19 am Closing Bell Story‎, MLP News

Wisconsin Tribe Votes Against Renewing Enbridge Pipeline Agreements

From Reuters:

A Native American tribe in Wisconsin has voted against renewing agreements allowing Enbridge Inc to use their land for a major crude oil pipeline, the latest sign of increasing opposition to North American energy infrastructure.

The Bad …

January 16, 2017 - 11:21 am Energy News, MLP News

Energy Transfer Partners Announces Pricing of $1.5 Billion of Senior Notes

From Energy Transfer Partners:

Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of $600 million aggregate principal amount of its 4.20% senior notes due 2027 and $900 million aggregate principal amount of its 5.30% senior notes due …

January 16, 2017 - 11:19 am Energy News, MLP News

A Popular U.S. Gas Bet’s at Risk of Crumbling on Pipeline Logjam

From Bloomberg:

Potential delays looming over three major U.S. natural gas pipeline projects are threatening to sour a popular wager on the fuel.

Gas for delivery in April 2018 is trading at a steep discount to the March contract, …

January 16, 2017 - 11:18 am Energy News, MLP News

Memorial Production Partners LP Announces Plan Support Agreement and Agreement-in-Principle on Comprehensive Financial Restructuring to Deleverage Balance Sheet

From Memorial Production Partners:

Memorial Production Partners LP (NASDAQ:MEMP) (“MEMP” or “the Partnership”) today announced that it has entered into a Plan Support Agreement (“PSA”) with holders of 50.2% of the Partnership’s 7.625% senior notes due 2021 and the …

January 16, 2017 - 11:17 am Energy News, MLP News

HollyFrontier Corporation and Holly Energy Partners Announce Senior Management Changes

From HollyFrontier Corporation:

HollyFrontier Corporation (NYSE: HFC) (“HollyFrontier”) and Holly Energy Partners, L.P. (NYSE: HEP) (“Holly Energy”) announced changes to senior management relating to HollyFrontier’s pending acquisition of Suncor Energy’s Petro-Canada Lubricants business (“PCLI”). The PCLI plant, located in …

January 16, 2017 - 11:16 am Energy News, MLP News

Williams Closes $1.9 Billion Public Offering

From Williams:

-Williams (NYSE: WMB) (“Williams”) today announced the closing of its previously announced public offering of 65 million shares of Williams common stock at $29.00 per share.

Williams has granted the underwriters a 30-day option, effective from January 9, …

January 16, 2017 - 11:14 am Energy News, MLP News
John Fox, Co-Founder of MarkWest Hydrocarbon, Issues Open Letter To MPC Board

John Fox, Co-Founder of MarkWest Hydrocarbon, Issues Open Letter To MPC Board

John Fox, Co-Founder Of MarkWest Hydrocarbon, Issues Open Letter To The Board Of Directors Of Marathon Petroleum Corporation Against MPC’s Proposed January 3, 2017 Plan And Offers New Plan

-Accelerated “dropdown” of refining assets hurts long-term MPC value and vastly

January 11, 2017 - 5:09 pm Closing Bell Story‎, Energy News, Midstream, MLP News, MLPs

BUCKEYE PARTNERS, L.P. ANNOUNCES CLOSING OF $1.15 BILLION ACQUISITION OF 50% EQUITY INTEREST IN VTTI B.V.’s GLOBAL MARINE TERMINAL BUSINESS

Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced today that it has completed its $1.15 billion purchase of a 50 percent equity interest in VTTI B.V. (“VTTI”), which will be owned jointly with Vitol. 1 VTTI owns and operates 54.5 million …

January 9, 2017 - 10:43 am Energy News, MLP News

Boardwalk Prices $500 Million Offering Of Senior Notes

Boardwalk Pipeline Partners, LP (BWP) today announced that its wholly-owned subsidiary, Boardwalk Pipelines, LP (“Boardwalk”), has priced a public offering of $500 million aggregate principal amount of 4.450% senior notes due 2027. Boardwalk expects the offering to close …

January 9, 2017 - 10:39 am Energy News, MLP News

Southcross Energy Announces Leadership Change

Southcross Energy Partners, L.P. (SXE) (“Southcross”) and Southcross Holdings LP (“Holdings”) announced today a consolidation of the roles of Chairman and Chief Executive Officer of their respective general partners.  Bruce A. Williamson, currently the Executive Chairman of Holdings …

Energy Transfer Partners, L.P. Announces Private Placement of $568 Million of Common Units with Energy Transfer Equity, L.P.

Energy Transfer Partners, L.P. (ETP) today announced that it has entered into a definitive agreement with Energy Transfer Equity, L.P. (ETE) in connection with a private placement of common units representing limited partner interests in ETP …

January 9, 2017 - 10:34 am Closing Bell Story‎, Energy News, MLP News

Tallgrass Energy and Rockies Express Pipeline Announce Completion of REX’s Zone 3 Capacity Enhancement Project

Tallgrass Energy and Rockies Express Pipeline LLC (“REX”) announced today that the 0.8 billion cubic feet per day REX Zone 3 Capacity Enhancement Project is substantially complete and accepting nominations. REX’s Zone 3 continues to be capable of bidirectional natural …

January 9, 2017 - 10:33 am Energy News, MLP News
Oil & Gas 360 Energy News

DCP Partners Combination Creates Largest U.S. NGL Producer and Gas Processor

Acquisition Simplifies Complex Corporate Structure, Reduces Operating Costs

DCP Midstream, LLC announced that it will combine with DCP Midstream Partners, LP (ticker: DPM), simplifying the corporate structure and creating the largest natural gas liquids producer and gas processor in the …