MLPs

Don’t Miss Earnings Calls During Q2 Reporting Season

Don’t Miss Earnings Calls During Q2 Reporting Season

Oil & Gas 360® has brought its Industry Events Calendar tab back to life—along with the daily notification email of tomorrow’s earnings calls

With the tidal wave of oil and gas earnings hitting the industry in the coming days …

Summit Midstream Jumps Into Permian With XTO

Summit Midstream Jumps Into Permian With XTO

System will process 60 MMcf/d, expandable to 600 MMcf/d

Summit Midstream Partners (ticker: SMLP) announced an agreement with XTO Energy on Friday to create a new natural gas system in the Permian.

The system will service Eddy and Lea counties …

Oil & Gas 360 Energy News

More Marcellus Takeaway Inches Closer: FERC Releases Mountain Valley Pipeline EIS

Mountain Valley will transport gas from Marcellus to Virginia

The Federal Energy Regulatory Commission released its final environmental impact statement for the Mountain Valley pipeline project today.

The Mountain Valley pipeline project is a 300 mile natural gas pipeline that …

Source: Energybc.ca

Canada Production to Grow by 1.3 MMBOPD by 2030, But Where’s the Pipe?

Oil sands to drive growth

The recent political fracas over pipelines like the Keystone XL and the Dakota Access Pipeline generated a significant amount of attention on pipelines from Canada. With the current administration’s approval or expected approval of both …

Summit Midstream Extends $1.25 Billion Credit Facility to 2022

Summit Midstream Extends $1.25 Billion Credit Facility to 2022

Summit Midstream Partners, LP (ticker:  SMLP) said its subsidiary Summit Midstream Holdings, LLC has executed an amendment and extension of its $1.25 billion revolving credit facility.

The maturity date of the revolving credit facility was extended by approximately 3.5 years, …

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.…

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), …

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 …

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.…

Sunoco Sells 1,110 Stores to 7-Eleven for $3.3 Billion

Sunoco Sells 1,110 Stores to 7-Eleven for $3.3 Billion

Sunoco refocuses on selling wholesale gasoline

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 …

Sanchez Production Partners Plans 60 MMcfe/d Upgrade to Processing Capacity

Sanchez Production Partners Plans 60 MMcfe/d Upgrade to Processing Capacity

Sanchez Energy Eagle Ford acquisition drives expansion

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 …

After 8 1/2 Years, the Keystone XL Finally Gets the Green Light

After 8 1/2 Years, the Keystone XL Finally Gets the Green Light

Mar. 24, 2017:  TransCanada receives Presidential Permit to move forward with Keystone XL pipeline construction

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 Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Pipeline will provide route to export Permian’s gas to Mexico and ship as LNG

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 …

TransCanada to Move More Western Canadian Natural Gas to Eastern Markets

TransCanada to Move More Western Canadian Natural Gas to Eastern Markets

Successful Canadian Mainline open season for TransCanada

TransCanada Corporation (ticker: TRP) said the successful conclusion of its long-term, fixed-price Open Season to transport natural gas on the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub …

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

FERC is out of gas without a quorum

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 …

Energy Transfer Receives Easement from Army Corps of Engineers for Dakota Access Pipeline

Energy Transfer Receives Easement from Army Corps of Engineers for Dakota Access Pipeline

Energy Transfer Partners, L.P. (ticker: ETP) said its Dakota Access, LLC has received an easement from the U.S. Army Corps of Engineers to construct a pipeline across land owned by the Army Corps on both sides of Lake Oahe in …

February 9, 2017 - 1:35 pm Closing Bell Story‎, Midstream, MLPs, Oil and Gas 360 Articles
Fox to Marathon: Don’t Put MPLX in the Penalty Box

Fox to Marathon: Don’t Put MPLX in the Penalty Box

MarkWest Co-Founder John Fox confirms stance that Marathon Petroleum should eliminate IDRs before refinery dropdowns

John M. Fox, co-founder and former chairman and CEO of MarkWest Hydrocarbon, which merged with Marathon Petroleum’s MPLX LP (ticker: MPLX) in December 2015, issued …

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
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 …

Howard Energy Partners Reveille Processing Plant

Veresen Announces New Capital Allocations to Montney Midstream Projects

95% of 2017 Capital Program Focused on Montney, $195 million to Support Liquids-rich Gas Handling

Veresen Inc. (ticker: VSN) has announced the sanction of an additional $195 million to new gas processing facilities at Veresen Midstream, further expanding its footprint …

Plains All American Pipeline Completes Offering of $750 Million Senior Notes

Plains All American Pipeline Completes Offering of $750 Million Senior Notes

Plains All American Pipeline, L.P. (ticker: PAA) today announced that it has completed an underwritten public offering of $750 million aggregate principal amount of 4.500% senior unsecured notes due December 15, 2026, at a public offering price of 99.716% …

November 22, 2016 - 9:09 am Capital Markets, Closing Bell Story‎, MLPs
ETP Simplifies Structure with $20 Billion Sunoco Acquisition

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Continuing the recent trend of multibillion-dollar mergers in the midstream sector, Sunoco Logistics Partners L.P. (ticker: SXL) and Energy Transfer Partners, L.P. (ticker: ETP) announced that they have entered into a merger agreement in which Sunoco will acquire ETP in …

A $2 Billion MLP:  American Midstream Partners – JP Energy Merger

A $2 Billion MLP: American Midstream Partners – JP Energy Merger

ArcLight Capital Partners combines two of its sponsored MLPs into one entity

American Midstream Partners (ticker: AMID) announced that it will merge with JP Energy Partners (ticker: JPEP) in a unit-for-unit deal, forming an MLP with a $2 billion enterprise …

Permian Moves:  Sunoco Logistics Purchases Permian Midstream Assets for $760 Million

Permian Moves: Sunoco Logistics Purchases Permian Midstream Assets for $760 Million

Sunoco acquisition of Vitol’s Permian assets expands the company’s midstream infrastructure at the premier plays in the country

Netherlands-based energy trader Vitol Group announced last week that its partner in its Permian Basin crude oil system, Pennsylvania-based MLP Sunoco Logistics …

Noble Midstream IPO Could Open the Doors to Capital for Other MLPs

Noble Midstream IPO Could Open the Doors to Capital for Other MLPs

Noble Midstream Partners receives more than anticipated for IPO

Noble Energy (ticker: NBL) announced a public offering for its MLP subsidiary Noble Midstream Partners (ticker: NBLX) last week with the hope of garnering an offer price between $19.00 and $21.00 …

September 15, 2016 - 6:02 pm Closing Bell Story‎, Midstream, MLPs, Oil and Gas 360 Articles
Obama Administration Halts Work on Dakota Access Pipeline

Obama Administration Halts Work on Dakota Access Pipeline

Administration Overturns Federal Court Ruling, Halts Work on $3.8 Billion Dakota Access Pipeline

In a surprise statement on Friday, the Obama administration said that it would not issue the easements necessary for construction to begin on a portion of …

Noble Energy Looks to IPO Midstream Assets for a Second Time

Noble Energy Looks to IPO Midstream Assets for a Second Time

Noble hopes to raise around $270 million with midstream MLP IPO

Ten months after postponing the IPO of its wholly owned subsidiary Noble Midstream Partners, Noble Energy (ticker: NBL) announced that plans for a public offering are back on the …

September 8, 2016 - 5:19 pm Closing Bell Story‎, MLPs, Oil and Gas 360 Articles
Mid-Con Energy Partners – Day One Breakout Notes

Mid-Con Energy Partners – Day One Breakout Notes

Mid-Con Energy Partners presents at EnerCom’s The Oil & Gas Conference®

 During Mid-Con Energy Partners’ breakout session, management was asked the following questions:

  •  How do you balance debt reduction with your distribution on common units?
  •  Is there some sort of
August 15, 2016 - 11:17 am Closing Bell Story‎, MLPs, Oil and Gas 360 Articles, TOGC21
EnerCom Conference Presenter Focus: Black Stone Minerals L.P.

EnerCom Conference Presenter Focus: Black Stone Minerals L.P.

Black Stone Minerals will present at EnerCom’s The Oil & Gas Conference® 21 on Aug. 17, 2016.

Black Stone Minerals, L.P. is one of the largest holders of mineral and royalty interests focused on oil and gas properties in the …