Decision by appeals court could have wide impact on MLP pipeline companies’ cost-based rates.
Economists, businesses and analysts in oil markets sought to put the crisis in perspective even as some $2 trillion was wiped off the equity markets worldwide.
MLP Structure requires some tweaks, but it still works as an effective investment vehicle, experts at MLPA conference say
Oil futures pioneer explains how crude price paradigms have changed in a world beset by a long-term glut.
The Dallas company sold substantially all of its assets, which included about 95,000 net acres and 380 miles of associated gathering and processing infrastructure in North Louisiana and North Texas, to Aethon United for an undisclosed amount.
Husky Energy created a new midstream LP after jettisoning part of its stake in select midstream assets in the Lloydminster region of Alberta and Saskatchewan for C$1.7 billion.
Tulsa, Oklahoma-based Williams, whose deal with Energy Transfer Equity fell through last month, is working with Barclays Plc and Toronto Dominion Bank on the sale, the sources said.
Sanchez Energy’s recent midstream divestiture provides the Houston company additional firepower to expand its territory in the Eagle Ford.
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.