Enbridge is expanding its North American pipeline network, which carries the bulk of Canadian crude oil exports to the U.S., Reuters reported.
AIMCo will initially purchase $300 million units with a commitment to purchase an additional $200 million in the future.
Williams cuts dividend by 69%, citing turmoil after failed ETE merger and low commodity prices.
The net proceeds will support general partnership purposes including debt repayment, capex and additions to working capital, as well as future acquisitions.
Is the state of the midstream energy sector as positive as claimed or as negative as feared? Our first ranking of leading publicly owned companies confirms the relative strength of its players in comparison to counterparts in the upstream.
The net proceeds will repay debts under the revolving credit agreement.
BofA Merrill Lynch, J.P. Morgan and SunTrust Robinson Humphrey are representatives and joint book-running managers.
Deutsche Bank Securities Inc., Mizuho Securities USA Inc. , Barclays Capital Inc. , Citigroup Global Markets Inc. , PNC Capital Markets LLC , TD Securities (USA) LLC and Wells Fargo Securities LLC are joint book-running managers.
RES has restored and conserved 155 miles of streams and more than 40,000 acres of wetlands in environmentally sensitive habitats.
NGL and Oaktree will jointly pursue future opportunities within NGL’s business segments.
Gauri Potdar is vice president of strategy and analytics for H2O Midstream. She has worked in strategy, finance and business development for 13 years, at Deloitte, Element Markets and S&P Global Platts.
The offering is scheduled to close on June 22. Barclays is the sole book-running manager.