MLPs Archives - Page 37 of 39

DNB Sees Bullish Signals in the Shale Patch - Oil & Gas 360

Mid-Con Energy Partners Shows Continued Growth

March 4, 2015

Reports Quarter-Over-Quarter Production Growth of nearly 30% in Q4’14 Mid-Con Energy Partners (ticker: MCEP), a U.S. E&P master limited partnership (MLP), announced its fourth quarter and full-year 2014 results this week. According to the release, production for fourth quarter 2014 averaged 4,011 BOEPD, an increase of 29.5% sequentially and 57.7% year-over-year. Adjusted EBITDA was $17.8 million, 16.7% more than in

Horizontal drilling operations Encana - Oil & Gas 360

Western Gas Partners Acquires Anadarko’s Interest in Delaware Basin JV

March 4, 2015

Western Gas Partners Expands Delaware Basin Position Houston based Western Gas Partners (ticker: WES) yesterday announced the acquisition of Anadarko’s (ticker: APC) 50% interest in the Delaware Basin JV (DBJV) gathering system. Williams Companies (ticker: WMB) owns the other 50% of the pipeline and will continue to operate the pipeline. The DBJV assets are located in close proximity to the

Independent Refiners: Calumet Specialty Products Partners Reports Q4

March 3, 2015

Calumet Specialty Products Partners (ticker: CLMT) last week released its fourth quarter 2014 results. The independent refiner reported a net loss for the quarter ended December 31, 2014 of $63.5 million, or $(0.95) per diluted unit, compared to a net loss of $15.5 million, or $(0.27) per diluted unit, versus net income of $3.5 million, or $(0.17) per diluted unit, in

Targa Resources Finalizes $7.7 Billion Acquisition of Atlas Energy Assets

March 2, 2015

Targa Resources (ticker: TRGP) and Targa Resources Partners (ticker: NGLS) has officially acquired the midstream assets of both Atlas Energy (ticker: ATLS) and Atlas Pipeline Partners (ticker: APL). The non-midstream assets of ATLS will be spun off to Atlas Energy Group and will continue to trade under the ATLS ticker. The transaction is valued at $7.7 billion, and includes $5.8

MarkWest Increases Distribution

February 25, 2015

MarkWest plans on increasing distribution thru 2020 During the company’s conference call today, Frank Semple, Chairman, President and Chief Executive Officer of MarkWest Energy Partners (ticker: MWE) announced that MWE expects to increase its distribution to approximately $3.70 for this year, $0.16 (or 4.5%) more than the company’s distribution in 2014. Mr. Semple also said that MarkWest expects to continue increasing

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

February 24, 2015

Enterprise, MarkWest, DCP, Anadarko Join Forces on Texas Pipe A joint venture to expand the Panola Pipeline was finalized on February 24, 2015, according to a press release by operator Enterprise Products Partners (ticker: EPD). Per the terms, EPD will retain a majority interest of 55% of the pipeline, while DCP Midstream Partners (ticker: DPM), Markwest Energy Partners (ticker: MWE)

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Columbia Pipeline Partners Kicks off Oil & Gas IPOs in 2015

February 6, 2015

Columbia Pipeline Partners (ticker: CPPL) began trading on the New York Stock Exchange today following its spin-off from NiSource Partners (ticker: NI). Under terms of the spin-off, CPPL is transferred NI’s pipeline and storage assets, while NI retains ownership of its natural gas and electric utilities. The company priced 46,811,398 common units at $23.00 per unit, above the initial estimate

Energy Transfer Partners to Become Second-Largest MLP in $18 Billion Acquisition

January 26, 2015

Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP) announced plans for a definitive merger in a joint press release issued on January 26, 2015. The proposal consists of a unit-for-unit transaction with an implied value of approximately $18 billion, including the assumption of $6.8 billion in debt from RGP. Both Master Limited Partnerships (MLPs) are among the

Kinder Morgan Lands Bakken Position with $3 Billion Purchase

January 22, 2015

Richard Kinder to Step Down from CEO Position Kinder Morgan (ticker: KMI) may have the longest gas pipeline network in North America, but the continent’s third largest energy company (based on enterprise value), surprisingly, did not have a stake in the Williston Basin. That is, until yesterday. The midstream giant entered the Bakken with the $3.0 billion purchase of Hiland

LINN Energy Taking New Measures to Adapt to Commodity Swing

January 6, 2015

MLP Pioneer Cuts Dividend and Capex by more than 50% LINN Energy LLC (ticker: LINE), a top-15 independent oil and natural gas development company, has announced reductions of more than 50% in both capital expenditures and dividends in 2015. LINN Energy has an unconventional approach in the oil in gas industry, with LINE executing on oil and gas development while

Upstream MLPs Getting the Worst of Commodity Downturn

December 18, 2014

Down more than 50% Year to Date Oil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further capital deterioration for the time being, but repercussions from the oil price collapse will be truly felt once the hedge

Rice Midstream Partners Braves Difficult Commodity Market with IPO

December 17, 2014

Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the ticker RMP. Rice was a privately held company less than one year ago and now has two entities listed on

Premium Content