Weekly Inventories Archives - Page 149 of 152 -

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Kinder Morgan Judge Refuses to Block $44 Billion Buyout

November 5, 2014

Story by Bloomberg Investors in a partnership controlled by billionaire Richard Kinder can’t block a $44 billion consolidation of Kinder’s oil-pipeline empire over a voting-rights dispute, a judge said. Kinder Morgan Energy Partners LP (KMP) unitholders’ rights aren’t being unfairly trampled by Kinder’s push to have a simple majority of investors approve a consolidation of his pipeline holdings, Delaware Chancery

Plains All American, Enterprise Products to Expand Eagle Ford Takeaway, Build New Export Facility

November 4, 2014

Joint venture will double mainline capacity to 600,000 BOPD and add new deepwater marine terminal. Plains All American Pipeline, L.P. (ticker: PAA) and Enterprise Products Partners L.P. (ticker: EPD) will construct a new condensate gathering system into their Three Rivers terminal, and double mainline capacity on the Eagle Ford Joint Venture (JV) Pipeline from Three Rivers to Corpus Christi in

OAG360® Graph of the Week: Which Business Sectors Wrote Checks to Colorado’s Senate Candidates?

October 31, 2014

In Colorado, incumbent Democrat Senator Mark Udall and his Republican challenger, Congressman Cory Gardner, are running a close race for U.S. senator. Oil & Gas 360® created a graph showing how the two candidates’ campaign contributions compared by business sector. Udall’s number one contributing sector was Lawyers & Lobbyists, from which his campaign received $1.7 million. Gardner’s campaign received $180,000 in

ONEOK Partners Announces Completion of More Than $500 Million in Capital-Growth Projects

October 30, 2014

Completed Projects Include Garden Creek III Natural Gas Processing Facility, Expansion of the Bakken NGL Pipeline and Niobrara NGL Lateral Pipeline October 30, 2014: 04:05 PM ET TULSA, Okla., Oct. 30, 2014 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS) today announced the completion of more than $500 million in capital-growth projects, including: The 100-million cubic feet per day (MMcf/d) Garden Creek

Enterprise Reports Results for Third Quarter 2014

October 30, 2014

Enterprise Products Partners L.P. (“Enterprise”) (EPD) today announced its financial results for the three and nine months ended September 30, 2014. In August 2014, Enterprise completed a two-for-one split of its common units. All earnings per unit and other unit-related information contained in this press release are presented on a post-split basis. Third Quarter 2014 Highlights Three months ended Nine

Supermajor Makes Splash with MLP IPO

October 29, 2014

In August, James Baker of Simmons & Company said Royal Dutch Shell’s (ticker: RDS.B) public offering of its midstream segment would be a “sea change event.” It did not disappoint. Bloomberg reports it was the best trading debut by an energy company in 2014. Shell Midstream Partners, L.P., trading on the New York Stock Exchange under the ticker SHLX, debuted

Tesoro Logistics Adds Stake in the Rocky Mountains with $2.5 Billion Acquisition of QEP Field Services

October 20, 2014

On Sunday, October 19, 2014, Tesoro Logistics (ticker: TLLP) announced the acquisition of QEP Field Services in a deal equaling $2.5 billion. TLLP also acquires a 58% working interest in QEP Midstream Partners (ticker: QEPM), a wholly owned natural gas gathering and processing business of QEP Resources (ticker: QEP). The transaction is expected to close in Q4’14. Tesoro Logistics is

Bam! It’s Earnings Season Again – Q3’14 Estimates

October 15, 2014

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 196 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending September 30, 2014, is $0.34 per share compared to actual earnings per share of $0.23

An Oil & Gas 360® Exclusive: Interview with Jason Wangler, Wunderlich Securities

October 8, 2014

Commodities prices are becoming top-of-mind around the globe. November contract West Texas Intermediate crude closed today at $87.34. Brent closed at $91.74, according to Bloomberg. Earlier in the day Oil & Gas 360® spoke to Jason Wangler, Wunderlich Securities Equity Research, discussing some of the points in his research note sent to clients today. Wangler covers E&P/Onshore Oilfield Services. OAG360:

NiSource Joins the Crowd with New MLP Spin Off

September 29, 2014

NiSource Inc. (ticker: NI) said yesterday it will file a registration statement for an IPO of common units for a new MLP whose assets will consist of a 14.6% interest in CPG OpCo LP, which will own the natural gas transmission, midstream and storage assets of NiSource. NiSource, through its wholly owned subsidiary Columbia Energy Group, will own the general partner

ONEOK Partners Doing its Part to Keep Up with Bakken Midstream Needs; Nearly Doubled Williston Pipeline Network Since 2012

September 23, 2014

ONEOK has laid enough pipe to go from Dallas to NYC five times and it’s not nearly enough. The current state of the United States oil and gas industry is indicative of a foot race between two Olympic athletes. In lane one is the upstream division, in lane two is the midstream. The stadium is packed – standing room only,

Alibaba’s $22B Grabs Single IPO Record, but Oil & Gas & MLP IPOs are on the Rise

September 19, 2014

In case you missed it, Alibaba Group (ticker: BABA), the China-based e-commerce group, commenced the world’s largest initial public offering (IPO) today. Its release was delayed hours due to demand imbalances before finally reaching the market. The end result: $22 billion raised in capital, the largest IPO in history, beating out Visa’s six year old record. Oil and gas companies

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