Finance - Exclusives

Non-free

Vanguard Rolls Up Fellow Upstream MLP, Gains Permian Assets

Vanguard buys LRR Energy’s Permian and Arkoma assets, including 1,290 gross producing wells and about 158,000 net acres. LRR’s proved reserves were about 203 Bcfe in December 2014.

Darren Barbee
Tue, 04/21/2015 - 12:12
Non-free

Capital Surge Helps E&Ps Hang On To Midstream Assets

A wave of cheap money chasing deals is taking the pressure to divest midstream assets off of upstream operators, while making deals more challenging.

Darren Barbee
Mon, 04/20/2015 - 17:51
Non-free

A Self-Improvement Gift

The downturn is forcing change—for the better.

Wed, 04/01/2015 - 12:34
Non-free

Worry, But Be Happy About Economic Outlook

Thanks in part to low energy prices, an ongoing expansion could be one of the longest on record, Morgan Stanley’s chief U.S. economist says.

Joseph Markman
Wed, 04/01/2015 - 09:35

Finance - Acquisitions & Divestitures

Free

EnLink Midstream Partners Closes Final EnLink Midstream Holdings Dropdown

Final dropdown of Devon’s legacy assets, given in 2014, was made for about $900 million of newly issued ENLK units. Assets include North Texas and Oklahoma gathering and processing systems. 

Thu, 05/28/2015 - 11:07
Free

Cequence Energy, Kanata Enter Gas Compression Agreements

The companies will jointly fund an enhancement of the 13-11-62-27W5M Simonette facility. A shallow cut refrigeration system and sales connection to TransCanada Corp.'s NGTL pipeline system will be added. 

Wed, 05/27/2015 - 12:11
Free

Arc Logistics Partners Completes Joliet Bulk Acquisition

Commercially operable Joliet Terminal can unload about 85,000 barrels per day of crude oil. There are about 300,000 barrels of onsite storage, and connections to common carrier crude oil pipeline. 

Fri, 05/15/2015 - 08:29
Free

Shell Midstream Will Acquire Zydeco, Colonial Pipeline Interests

Shell Midstream Partners LP will acquire additional interests in Zydeco Pipeline Co. LLC and Colonial Pipeline Co. for $448 million in a dropdown from Shell Pipeline Co. LP. 

Thu, 05/14/2015 - 17:05

Finance - Debt & Equity

Free

Azure Midstream Begins Trading On NYSE

The Dallas-based company began trading under ticker "AZUR." Company said May 20 that it changed its name from Marlin Midstream Partners LP. The company had applied to delist from NASDAQ.

Fri, 05/29/2015 - 12:17
Free

Evolution Petroleum Board Approves Share Buyback

The buyback has no fixed expiration. Payments will support working capital. Robert Herlin, CEO, said the company’s planned 2016 cash flow will support NGL plant in Louisiana’s Delhi Field.

Fri, 05/29/2015 - 11:57
Free

Summit Midstream: Underwriters’ Option Proceeds Will Support General Purposes

Summit Midstream Partners LP said May 28 that underwriters exercised and closed their option to purchase 975,000 additional notes in 6.5 million common units offering that closed May 13.

Thu, 05/28/2015 - 15:56
Free

EnLink Midstream Partners Closes Final EnLink Midstream Holdings Dropdown

Final dropdown of Devon’s legacy assets, given in 2014, was made for about $900 million of newly issued ENLK units. Assets include North Texas and Oklahoma gathering and processing systems. 

Thu, 05/28/2015 - 11:07