MLP News

Energy Transfer Announces Binding Open Season for Project Permian Express 3

Energy Transfer Partners, L.P. (ticker: ETP) announced that Permian Express Terminal LLC and Permian Express Partners LLC will commence a binding Open Season for Permian Express 3. The project is being developed to deliver crude oil from the Permian Basin …

May 22, 2017 - 11:00 am Exploration and Production (E&P), MLP News

Energy Transfer Partners Announces Tender to Acquire PennTex Midstream Partners

Energy Transfer Partners, L.P. (Ticker: ETP) today announced its tender offer to purchase all of the outstanding common units representing limited partner interests in PennTex Midstream Partners, LP (Ticker: PTXP) not currently owned by ETP for $20.00 per common unit …

May 19, 2017 - 12:55 pm Closing Bell Story‎, MLP News
Noble Sells Marcellus Midstream Interest for $765 Million

Noble Sells Marcellus Midstream Interest for $765 Million

Noble’s Marcellus divestments add up to $2 billion; buyer is Quantum Energy Partners

Noble Energy (ticker: NBL) will sell its 50% interest in Cone Gathering and 33.5% ownership in Cone Midstream Partners (ticker: CNNX) to Quantum Energy Partners for a …

Aspen Midstream Receives $200 Million Commitment from EnCap

Aspen Midstream Receives $200 Million Commitment from EnCap

Company is funded, project locations unnamed

Aspen Midstream LLC announced today that the company has secured a commitment of $200 million from private equity group EnCap Flatrock Midstream. Aspen Midstream was launched this May and is headquartered in Dallas, Texas.…

U.S. Gas Gains on Potential Marcellus Shale Pipeline Delay

From Bloomberg

U.S. natural gas futures surged after federal regulators limited construction on a pipeline, a move that may delay new Appalachian supplies from reaching the market.

Energy Transfer Partners LP is barred from new drilling along some segments of …

May 15, 2017 - 11:29 am Energy News, MLP News

Williams Partners Wins Local Support for Atlantic Sunrise

From Zacks

Williams Partners L.P. (ticker: WPZ) recently announced that its Atlantic Sunrise Expansion project is witnessing strong support from all segments of the society in Pennsylvania. The project eyes continuous growth and development of the state’s economy as well …

May 15, 2017 - 11:23 am Energy News, MLP News

Plains All American Pipeline Raises Spending Plans by $100 Million

From Houston Business Journal

Houston-based Plains All American Pipeline LP (ticker: PAA) has raised its projected spending for 2017 by $100 million.

The company said in its second-quarter earnings results that it now expects to spend $900 million on growth …

May 15, 2017 - 11:08 am Energy News, MLP News

Tallgrass Energy Partners Offers $350 Million of Additional Senior Notes Due 2024

Tallgrass Energy Partners, LP (ticker: TEP) announced today that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced a private offering of $350 million aggregate principal amount of its 5.50% Senior Notes due 2024. The additional notes …

May 15, 2017 - 11:05 am Energy News, MLP News
White House Nominees May Restore FERC Quorum

White House Nominees May Restore FERC Quorum

President Donald Trump nominates Neil Chatterjee and Robert Powelson to FERC

The White House announced Monday that President Donald Trump has nominated a number of people to key administration posts, including two nominees for the Federal Energy Regulatory Commission (FERC), …

Enable Announces Anadarko Basin Rich Gas Takeaway Project

Enable Midstream Partners, LP (ticker: ENBL) announced a new Anadarko Basin rich gas takeaway project and first quarter 2017 financial results.

PROJECT WILDCAT RICH GAS TAKEAWAY SOLUTION

Project Wildcat is a rich gas takeaway solution that further solidifies Enable’s market-leading …

May 8, 2017 - 11:13 am Energy News, MLP News

Magellan Evaluates New Texas Oil Pipeline

From Reuters

Magellan Midstream Partners LP (ticker: MMP)  is evaluating a new pipeline to transport crude and condensate from the Permian Basin to Corpus Christi in Texas, its top executive said during a company earnings call on Wednesday.

The new …

May 8, 2017 - 11:07 am Energy News, MLP News

TransCanada to Divest 2 Gas Pipelines for $765 Million

From Zacks

Canadian energy giant TransCanada Corporation (ticker: TRP) recently agreed to sell 49.3% stake in Iroquois Gas Transmission System LP and the remaining 11.8% stake in Portland Natural Gas Transmission System (PNGTS) to pipeline operator TC PipeLines, LP (ticker: …

May 8, 2017 - 11:00 am Energy News, MLP News

ETP Caught in North Dakota Tree Dispute

North Dakota regulators who want to fine Energy Transfer Partners (ticker: ETP) over the reporting of Native American artifacts during construction are now looking into whether the company removed too many trees while laying pipe in the state.

The Public …

May 8, 2017 - 10:53 am Energy News, MLP News
A $9.7 Billion Canadian Energy Merger

A $9.7 Billion Canadian Energy Merger

Heavy oil transporter Pembina to acquire Veresen:  combined EV of $33 billion creates one of the largest Canadian infrastructure companies

Western Canada heavyweight Pembina Pipeline (ticker: PPL) announced the acquisition of Veresen (ticker: VSN) today, a $9.7 billion deal.

This …

Energy Transfer Partners Expected to Be Removed from the Alerian Index Series

Alerian announced today that Energy Transfer Partners (ETP) is expected to be removed from the Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), Alerian MLP Infrastructure Index (AMZI), and the Alerian Large Cap MLP Index (AMLI) in a …

May 1, 2017 - 11:49 am Energy News, MLP News

East Coast refiners eye Texas oil as North Dakota alternative

From Reuters

U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota …

May 1, 2017 - 11:44 am Energy News, MLP News

NuStar Issues More Stock, Senior Notes to Fund Permian Basin Deal Amid Profitable First Quarter

From the San Antonio Business Journal

Midstream company NuStar Energy reported a profitable first quarter and is starting the second quarter with two financial transactions that will help to pay for a $1.475 billion deal to buy its first assets …

May 1, 2017 - 11:29 am Energy News, MLP News

Trump’s tax cut proposal shines light on MLPs

From Reuters

The Trump administration’s proposal to slash tax rates on so-called pass-through businesses would deliver a windfall to investors in master limited partnerships and could offer a much-needed lift to this niche segment of the energy market.

The tax …

May 1, 2017 - 11:23 am Energy News, MLP News

Williams Partners to Sell Geismar Olefins Plant for $2.1 Billion

From Market Realist

Williams Partners (ticker: WPZ), the midstream MLP subsidiary of Williams Companies (ticker: WMB), has announced the sale of its Geismar Olefins Plant to Nova Chemical for $2.1 billion. WPZ is the owner of one of the largest …

April 24, 2017 - 11:58 am Closing Bell Story‎, Energy News, MLP News

Energy Transfer’s Latest Pipeline Woe Is a 50,000-Barrel Spill

From Bloomberg

Add almost 50,000 barrels of drilling fluids released into Ohio wetlands to the issues that have plagued Energy Transfer Partners LP’s $4.2 billion Rover natural gas pipeline.

A regulatory filing disclosed Tuesday shows Energy Transfer’s Rover unit was …

April 24, 2017 - 11:51 am Closing Bell Story‎, Energy News, MLP News

Plains All American Pipeline gauges interest in Permian pipeline project

From the Houston Business Journal

Houston-based Plains All American Pipeline LP (ticker: PAA) has started an open season to measure interest among potential shippers for a new pipeline out of the Permian Basin.

The new line would feature origin points …

April 24, 2017 - 11:27 am Closing Bell Story‎, Energy News, MLP News

Energy Transfer’s (ETP) Dakota Access Pipeline to Come Online

From Zacks

Per a filing by Texas-based pipeline operator Energy Transfer Partners (ticker: ETP )the Dakota Access Pipeline is set to start interstate crude oil delivery on May 14.

Work on the $3.8 billion project was halted by the Obama …

April 24, 2017 - 11:10 am Closing Bell Story‎, Energy News, MLP News

Venoco Calls it Quits – Company Files Chapter 11 Again

From The Denver Business Journal:

Nine months after a federal bankruptcy judge signed off on a restructuring plan for Denver oil and gas company Venoco Inc., the company is back in bankruptcy court.

Venoco, which focuses on operations offshore …

April 18, 2017 - 10:31 am Closing Bell Story‎, Energy News, MLP News

Emerge Energy Services LP to Acquire Local Sand Operation for $20 million

Emerge Energy Services LP (ticker: EMES) today announced the closing of a transaction to acquire Osburn Materials, a local sand producer based outside of San Antonio Texas, for approximately $20 million.

Highlights

The transaction was funded with a new $40 …

April 17, 2017 - 12:12 pm Energy News, MLP News

Enterprise Products Partners to build 571-mile NGL pipeline

From the Houston Business Journal

Houston-based Enterprise Products Partners LP (ticker: EPD) has announced another new project centered around the Gulf Coast’s growing petrochemical market.

The project, called Shin Oak, includes a 571-mile pipeline to move natural gas liquids from …

April 17, 2017 - 11:51 am Energy News, MLP News

Williams Partners Agrees to Sell Its Interests in the Geismar Olefins Facility to NOVA Chemicals for $2.1 Billion

Williams Partners L.P. (ticker:WPZ) announced today that it has agreed to sell 100 percent of its membership interest in Williams Olefins LLC, which owns an 88.46 percent undivided ownership interest in the Geismar, Louisiana, olefins plant and associated complex, to …

April 17, 2017 - 11:24 am Closing Bell Story‎, MLP News

NuStar Energy enters Permian Basin with $1.475 billion acquisition deal

From the San Antonio Business Journal

After nearly two years of trying to enter the Permian Basin, San Antonio-based midstream company NuStar Energy LP (ticker: NS) will soon become a player in the West Texas shale play.

NuStar confirmed the …

April 17, 2017 - 11:16 am Closing Bell Story‎, MLP News
DCP Midstream, Kinder Morgan to Develop Gulf Coast Express Pipeline

DCP Midstream, Kinder Morgan to Develop Gulf Coast Express Pipeline

Pipeline will transport 1.66 MMcf/d of gas from Permian to Gulf Coast

DCP Midstream (ticker: DCP) and Kinder Morgan (ticker: KMI) announced the signing of a letter of intent today, solidifying DCP’s participation in the Gulf Coast Express Pipeline Project.…

Minnesota House Bill Would Let Enbridge Pipeline Replacement Project Skirt Regulator

April 7, 2017

From AP

Republican lawmakers advanced legislation Thursday that would allow a Canadian energy company to bypass regulatory hurdles and build a $7.5 billion replacement for an existing oil pipeline in Minnesota.

It was part of a larger …

April 10, 2017 - 12:59 pm Closing Bell Story‎, Energy News, MLP News

Noble Midstream Partners and Plains All American Close Delaware Basin Acquisition

Noble Midstream Partners LP (ticker: NBLX) and Plains All American Pipeline, L.P. (ticker: PAA) announced the completion of the Advantage Pipeline, L.L.C. acquisition for $133 million through a newly formed 50/50 joint venture. Noble Midstream contributed $66.5 million of cash, …

April 10, 2017 - 11:36 am Energy News, MLP News