Post Tagged with: "MLP"

Williams Companies Rejects $53 Billion Buyout Offer

Williams Companies Rejects $53 Billion Buyout Offer

Energy Transfer Equity makes an all-equity offer for Williams

The Williams Companies (ticker: WMB) rejected an all-equity transaction valued at $53.1 billion, including the assumption of debt and other liabilities, from Energy Transfer Equity (ticker: ETE), according to an ETE

June 22, 2015 - 6:11 pm Mergers & Acquisitions, MLPs, Oil and Gas 360 Articles
Oil & Gas 360 Energy News

Legacy Reserves Declares Distributions

Legacy Reserves LP Declares Preferred Distributions

Legacy Reserves LP (“Legacy”) (LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its …

June 18, 2015 - 6:54 pm MLPs
Vanguard Natural Announces Four Monthly Distributions

Vanguard Natural Announces Four Monthly Distributions

Vanguard Natural Resources, LLC Announces Four Monthly Cash Distributions

Vanguard Natural Resources, LLC (VNR) (“Vanguard”) has declared a cash distribution attributable to the month of May 2015 of $0.1175 per unit ($1.41 on an annual basis) payable on …

June 18, 2015 - 6:48 pm MLPs
New Coal MLP valued at $200 Million

New Coal MLP valued at $200 Million

CONSOL Energy offers IPO on coal assets

CONSOL Energy (ticker: CNX) announced today that it will offer 10 million common units as part of an initial public offering in CNX Coal Resources LP, which is expected to list on the …

June 17, 2015 - 4:59 pm MLPs, Oil and Gas 360 Articles
Alerian MLP Shakeup

Alerian MLP Shakeup

Alerian announced today that it will be changing the companies monitored in its AMEI index in a quarterly rebalancing

The Alerian Energy Infrastructure Index (AMEI) will be adding some new companies and dropping a few old ones during a scheduled, …

June 12, 2015 - 4:33 pm MLPs, Oil and Gas 360 Articles
Rex Energy Announces Results in the Moraine East Area

Rex Energy Announces Results in the Moraine East Area

Rex Energy Announces Initial Well Results in the Moraine East Area

Rex Energy Corporation (REXX) (“the company”) today announced initial production test results from the company’s first two wells in the Moraine East Area, the Renick 2H (Marcellus) …

June 11, 2015 - 6:07 pm MLPs
Oil & Gas 360 Energy News

EV Energy Closes on $575 Million Utica Divestment

EV Energy Partners Announces Closing of Utica East Ohio Divestment for $575 Million

EV Energy Partners, L.P. (EVEP) today announced it has closed the previously announced sale of its entire 21 percent interest in Utica East Ohio Midstream …

June 10, 2015 - 6:49 pm MLPs
Energy Transfer Partners Set to Spend $1.5 Billion on Revolution Project

Energy Transfer Partners Set to Spend $1.5 Billion on Revolution Project

The Revolution Project will give ETP an additional 440 million cubic feet per day of capacity

Earlier today, Energy Transfer Partners (ticker: ETP) released additional information on its Revolution project, which will increase the company’s operations in the Marcellus and …

June 8, 2015 - 6:31 pm Midstream, MLPs, Oil and Gas 360 Articles
Oil & Gas 360 Energy News

Crude Oil Recovery: A Take from Plains All American

Plains All American Pipeline (ticker: PAA) and its general partner, Plains GP Holdings (ticker: PAGP), held their 2015 Analyst Day in New York on June 4. The consortium began its presentation by reflecting on a section from its 2014 Analyst …

June 5, 2015 - 6:23 pm Midstream, MLPs, Oil and Gas 360 Articles
MarkWest Energy Partners Adjusts Near-Term Plans in 2015 Analyst Day

MarkWest Energy Partners Adjusts Near-Term Plans in 2015 Analyst Day

Maintains 10% CAGR Distribution Through 2020

MarkWest Energy Partners (ticker: MWE), one of the largest Master Limited Partnerships (MLP) in the oil and gas industry, outlined its near-term plans in its 2015 Analyst Day on June 3. The Denver-based midstream …

June 4, 2015 - 7:09 pm Midstream, MLPs, Oil and Gas 360 Articles
Source: HESS

Anadarko Announces Public Offering

Anadarko Announces Public Offering of 6,500,000 WGP-Linked Tangible Equity Units, and Public Secondary Offering of 2,000,000 of its WGP Common Units

Anadarko Petroleum Corporation (APC) today announced the registered underwritten public offering (the TEU offering) of 6,500,000 tangible …

June 3, 2015 - 6:35 pm MLPs
SandRidge Energy Gets Green Light for MLP Qualifying Income

SandRidge Energy Gets Green Light for MLP Qualifying Income

Uncertainty around SandRidge’s well-water treatment and disposal business is dispelled

SandRidge Energy (ticker: SD) announced that the Internal Revenue Service decided to grant it a positive private letter ruling (PLR) in an 8-K filed by the company Monday. A decision …

June 2, 2015 - 6:19 pm MLPs, Oil and Gas 360 Articles, Politics & Opinions
MarkWest to Provide Services for Cimarex and Chevron in the Permian

MarkWest to Provide Services for Cimarex and Chevron in the Permian

MarkWest Energy Partners Announces New Commercial Agreements to Provide Processing Services for Cimarex and Chevron in the Permian Basin

MarkWest Energy Partners, L.P. (MWE) (“MarkWest”) announced today the completion of long-term, fee-based agreements to support producer development in …

June 2, 2015 - 6:14 pm MLPs
Enterprise Pays $2.15 Billion for Eagle Ford Pipeline Assets

Enterprise Pays $2.15 Billion for Eagle Ford Pipeline Assets

Bolt-on acquisition extends Enterprise’s infrastructure into the Eagle Ford

Enterprise Product Partners (ticker: EPD) announced today that it agreed to purchase all member interest in EFS Midstream LLC from affiliates of Pioneer Natural Resources (ticker: PXD) and Reliance Industries (ticker: …

Cautious Optimism for the MLP Sector Following NAPTP

Cautious Optimism for the MLP Sector Following NAPTP

Analysts still expecting good things from MLPs

Following the National Association of Publicly Traded Partnerships (NAPTP) conference in Orlando, Florida, last week, industry analysts are signaling cautious optimism over the future of the MLP market. Although the road ahead looks …

May 28, 2015 - 6:48 pm MLPs, Oil and Gas 360 Articles
Oil & Gas 360 Energy News

Enable Midstream Announces Completion of Initial Phase of Gathering System

Enable Midstream Announces Completion of Initial Phase of Nesson Crude Oil and Produced Water Gathering System in the Bakken

Enable Midstream Partners, LP (ENBL) announced today that the first phase of its Nesson Crude & Produced Water Gathering …

May 21, 2015 - 6:33 pm MLPs
Legacy Reserves Declares Distributions

Legacy Reserves Declares Distributions

Legacy Reserves LP Declares Preferred Distributions

Legacy Reserves LP (“Legacy”) (LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its …

May 21, 2015 - 6:29 pm MLPs
Marlin Midstream Partners Changes Name

Marlin Midstream Partners Changes Name

Marlin Midstream Partners, LP Changes Name to Azure Midstream Partners, LP and Expects to List Its Common Units on the New York Stock Exchange

Marlin Midstream Partners, LP (FISH) announced that effective immediately it changed its name from …

May 20, 2015 - 6:49 pm MLPs
Summit Midstream Partners Announces Closing of Drop Down

Summit Midstream Partners Announces Closing of Drop Down

Summit Midstream Partners, LP Announces Simultaneous Closing of $255.0 Million Polar & Divide Drop Down and $35.0 Million Stampede Lateral Option

Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned subsidiary, Bison Midstream, LLC (“Bison Midstream”), …

May 19, 2015 - 6:27 pm MLPs
Sanchez Production Partners Finalizes First Quarter as an MLP

Sanchez Production Partners Finalizes First Quarter as an MLP

Sanchez Production Partners (ticker: SPP), the latest piece of Sanchez Oil & Gas’ (SOG) corporate umbrella, reported its first quarterly results as a limited partnership on May 15, 2015. SPP reported Q1’15 production of 3,596 BOEPD and completed its first …

May 18, 2015 - 7:24 pm Earnings, MLPs, Oil and Gas 360 Articles
Eagle Rock Energy on the Lookout for Upstream Acquisitions

Eagle Rock Energy on the Lookout for Upstream Acquisitions

Eagle Rock Energy Partners, L.P. (ticker: EROC) is an exploration and production company focused on various onshore United States plays including the Permian Basin, MidContinent and Gulf Coast. The company utilizes a substantial hedging program on its 202,632 net acres, …

Arc Logistics Partners JV Completes Acquisition

Arc Logistics Partners JV Completes Acquisition

Arc Logistics Partners LP’s Joint Venture Company Completes Its Acquisition of Joliet Bulk, Barge & Rail LLC

Arc Logistics Partners LP (ARCX) (“Arc Logistics” or the “Partnership”), through a joint venture arrangement with GE Energy Financial Services, a …

May 14, 2015 - 6:57 pm MLPs
Teekay LNG Partners Reports Q1

Teekay LNG Partners Reports Q1

Teekay LNG Partners Reports First Quarter 2015 Results

Highlights

  • Generated distributable cash flow of $66.2 million in the first quarter of 2015, up 10 percent from the same period of the previous year.
  • In February 2015, ordered one LNG carrier
May 14, 2015 - 6:54 pm LNG, MLPs
Spectra Energy Selects Scholarship Recipients

Spectra Energy Selects Scholarship Recipients

Spectra Energy Selects 2015 Scholarship Recipients

Spectra Energy Corp (SE) today announced that 10 children of company employees have been selected to receive up to $5,000 per year in scholarship funds toward undergraduate study at an accredited college …

May 14, 2015 - 6:51 pm MLPs
Genesis Energy Prices Offering

Genesis Energy Prices Offering

Genesis Energy, L.P. Prices Offering of Senior Notes

Genesis Energy, L.P. (GEL) announced today that it has priced at par a public offering of $400,000,000 in aggregate principal amount of 6% senior unsecured notes due 2023. The notes …

May 14, 2015 - 6:48 pm MLPs
Williams Merges with LP Subsidiary in $13.8 Billion Deal

Williams Merges with LP Subsidiary in $13.8 Billion Deal

In a move designed to simplify the corporate structure, streamline governance and position itself for investment-grade ratings, Williams (ticker: WMB) is merging with its limited partnership subsidiary in an all stock-for-unit transaction. The merger is valued at $13.8 billion and …

May 13, 2015 - 7:00 pm Midstream, MLPs, Oil and Gas 360 Articles
Oil & Gas 360 Energy News

Memorial Production Partners – Is M&A in the Cards?

Memorial Lowers LOE, Raises Production in Q1

Memorial Production Partners (ticker: MEMP) announced its first quarter results last week, highlighting increases in production and Adjusted EBITDA while simultaneously lowering lease operating expenses (LOE) compared to the first quarter 2014.

“Despite …

Source: aim.org

Proposed IRS Ruling on MLPs: Disagreement on What it Means

The IRS issued a proposed rule on the scope of qualifying income for MLPs

In April of 2014, the IRS put a temporary pause on private letter rulings (PLRs) regarding what business qualified for tax-free inclusion in energy master limited …

May 8, 2015 - 11:24 am MLPs, Oil and Gas 360 Articles, Regulatory
Enterprise Products Partners Adheres to Distribution Increase in Q1’15

Enterprise Products Partners Adheres to Distribution Increase in Q1’15

Enterprise Products Partners announces strong Q1 on petrochemicals and refined products

Enterprise Products Partners (ticker: EPD) reported its first quarter 2015 earnings and increased its distribution for the 51st time since its initial public offering, backed by strong performances …

May 5, 2015 - 11:36 am Earnings, MLPs, Oil and Gas 360 Articles
Oil & Gas 360 Energy News

Enterprise Prices $2.5 Billion of Senior Unsecured Notes

Enterprise Prices $2.5 Billion of Senior Unsecured Notes

Enterprise Products Partners L.P. (EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.5 billion of senior unsecured notes comprised of …

May 4, 2015 - 5:55 pm MLPs