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 …
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, …
American Midstream Partners, LP (ticker: AMID) announced that one of its subsidiaries has received approval from the Federal Energy Regulatory Commission to place the Midla Natchez Pipeline into service. Approval to construct the Pipeline was granted in December 2015. The …
Enable Midstream Partners, LP (ticker: ENBL) announced that its wholly-owned subsidiary, Enable Gas Transmission, LLC (ticker: EGT), has entered into a 205,000 Dth/d firm natural gas transportation agreement with Newfield Exploration Company (ticker: NFX), a top producer in the growing …
Houston-based Enterprise Products Partners LP (ticker: EPD) has announced two projects centered around the Houston-area’s midstream ethylene infrastructure.
The first is a modification to one of its existing storage facilities, according to a press release. Enterprise …
Sunoco LP (ticker: SUN) announced the sale of 1,108 convenience stores to Seven & i Holdings Co today, in a transaction valued at approximately $3.3 billion. This transaction implies a value of $2.98 million …
Williams Partners L.P. (ticker: WPZ) announced that Transco has filed an application with the Federal Energy Regulatory Commission seeking authorization for its Northeast Supply Enhancement project, which would create 400,000 dekatherms per day of incremental firm transportation capacity to markets …
Sunoco LP (ticker: SUN) and Energy Transfer Equity, L.P. (ticker: ETE) announced the completion of a private placement of $300 million in SUN preferred equity to ETE.
Distributions on the new SUN Series A Perpetual preferred units issued to ETE …
Tallgrass Energy Partners, LP (TEP) announced today that it has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (“REX”) from Tallgrass Development, LP for cash consideration of $400 million effective March 31, 2017. The acquisition increases …
Buckeye Partners LP (ticker: BPL) is planning a new crude oil pipeline from the Permian Basin to Corpus Christi, Texas, as part of a series of potential Texas investments the Houston-based company is pursuing.
The pipeline, which would be called …
Sanchez Production Partners (ticker: SPP) reported fourth quarter results on Friday, showing a net loss of $12.9 million, or ($1.63) per share. Full year results are earnings of $19.2 million, or $2.43 per …
Antero Midstream Partners (ticker: AM) has the highest capital spending targets among the selected peers in this series, and it expects to spend $800 million on growth projects in 2017. The partnership increased its …
Canada-based Enbridge Inc. (ticker: ENB) is terminating about 1,000 employees starting March 22.
The cuts represent about 6 percent of the company’s entire headcount, according to a statement from Enrbidge. The company has a significant …
Oklahoma based pipeline operator Magellan Midstream Partners, L.P. (ticker: MMP) recently entered into a new fee based agreement with commodity trader Trafigura Trading LLC for the use of its Corpus Christi condensate splitter. This will settle a lawsuit …
Stockholders of both Tesoro Corp. (ticker: TSO) and Western Refining Inc. (ticker: WNR) voted to approve Tesoro’s acquisition of and merger with Western.
At separate stockholder meetings, Tesoro stockholders approved issuing common stock for …
After enduring more than eight years of permitting hell, topped at the seven-year mark with a flat rejection by President Obama’s State Department, today TransCanada …
Kinder Morgan, Inc. (ticker: KMI) has announced the start of a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express …
Enable Midstream Partners, LP (ticker: ENBL) announced that its wholly-owned subsidiaries, Enable Gas Transmission, LLC (ticker: EGT) and Enable Oklahoma Intrastate Transmission, LLC (ticker: EOIT), will each conduct a non-binding open season to solicit commitments for system expansion projects providing …
Houston-based Enterprise Products Partners LP (ticker: EPD) won an auction for a natural gas gathering and processing system out of a bankruptcy auction, according to a statement.
Enterprise is buying the system with a bid of $189 million from Dallas-based …
Houston-based Hi-Crush Partners LP, a provider of sand used in hydraulic fracturing, has bought a popular dune site in West Texas to boost its reserves.
Hi-Crush (ticker: HCLP) purchased the former Dunes at Kermit and is preparing the roughly 1,200-acre …
Spectra Energy Partners L.P. (ticker: SEP) an Enbridge Inc. ENB company has inked a purchase and sale agreement to purchase 10% equity stake from PSEG Power LLC in PennEast Pipeline Company LLC’s PennEast interstate natural gas pipeline project. PSEG Power …
FINDLAY, Ohio, March 15, 2017 – Marathon Petroleum Corporation (ticker: MPC) and MPLX LP (ticker: MPLX) today announced the retirement of Randy S. Nickerson, executive vice president, Corporate Strategy, MPC, and executive vice president and chief commercial officer, MarkWest assets, …
A leak late on Sunday prompted Enterprise Products Partners to shut its Seaway Crude Pipeline system, the largest conduit for moving oil from the major storage hub in Cushing, Oklahoma to Gulf coast refineries.
News of the …
American Midstream Partners, LP (NYSE:AMID) (the “Partnership”) today announced that the general partner of the Partnership appointed Rene L. Casadaban as Senior Vice President and Chief Operating Officer effective today. Mr. Casadaban succeeds Matthew Roland, who served as Chief Operating …
Crestwood Midstream Partners LP (“CMLP”), a wholly-owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today that it has priced $500 million in aggregate principal amount of 5.75% unsecured Senior Notes due 2025 (the “Notes”) in a private offering …
American Midstream Partners, LP (NYSE:AMID) (“American Midstream” or “Partnership”) and JP Energy Partners LP (NYSE: JPEP) (“JP Energy”) today announced the successful completion of the previously announced merger.
At a special meeting of JP Energy unitholders held on March 7, …
Oil refiners shelled out a record over $2 billion to meet U.S. biofuels requirements in 2016, a 70 percent surge that helps fuel a growing debate over who should shoulder the costs for meeting environmental regulations.
A …
For years, Marcellus and Utica natural gas transportation bottlenecks have seen producers crying for more takeaway capacity to move produced natural gas out of Appalachia. And just when they started to get …
From Houston Business Journal:
Houston-based Plains All American Pipeline LP (NYSE: PAA) has closed a deal to buy additional pipeline assets in the Permian Basin.
The company finalized the $1.2 billion deal, which brought the 100,000 barrels-per-day Alpha Crude …
MPLX Pipe Line Holdings LLC (MPLH), a subsidiary of MPLX LP (NYSE: MPLX), today closed on a previously announced transaction, under which an affiliate of MPLH has purchased Enbridge Pipelines (Ozark) LLC’s Ozark Pipeline for approximately $220 million.
The Ozark …
