January 2016

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE:PAA) today announced that it has closed the previously announced sale of approximately 61 million units of a newly authorized series of 8% perpetual Series A Convertible Preferred Units (the “Preferred Units”) at a price of $26.25 per unit. The Preferred Units will pay quarterly distributions at an annual rate of $2.10 per unit.…

Jacksonville FL, January 27, 2016 - Eagle LNG Partners has submitted an application with the US Department of Energy (“DOE”) requesting long-term, multi-contract authorization under Section 3 of the Natural Gas Act to engage in exports of natural gas in the form of liquefied natural gas (“LNG”). The application seeks authorization to export up to 49.8 Bcf, or ~1.0 million…

OKLAHOMA CITY, Jan. 21, 2016 /PRNewswire/ -- Ascent Resources – Utica, LLC (formerly known as American Energy – Utica, LLC) ("ARU") and ARU Finance Corporation (formerly known as AEU Finance Corporation) ("Finco" and together with ARU, the "Issuers"), subsidiaries of Ascent Resources, LLC (formerly known as American Energy Appalachia Holdings, LLC), announced today the commencement of a private offer to exchange (the "Exchange Offer"), upon the…

PAA's General Partner Also Agrees To Modify IDRs HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE:PAA) today announced that it has received binding commitments for the purchase of approximately $1.5 billion of equity capital. The purchasers will acquire approximately 56 million units of a newly authorized series of 8% Perpetual Series A Convertible Preferred Units (the “Preferred Units”) at a price…

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) today announced that it has entered into an agreement with an affiliate of ArcLight Capital Partners (“ArcLight”) to sell TransMontaigne GP LLC (“TLPGP”) for $350 million in cash. TLPGP is the general partner of TransMontaigne Partners L.P. (“TLP”) and holds the 2% general partner (“GP”) interest and incentive distribution rights (“IDRs”) of TLP.…

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (NYSE:TEP) announced today that it is acquiring an additional 31.3 percent interest in Tallgrass Pony Express Pipeline, LLC (“Pony Express”) for cash consideration of $475 million and 6.518 million TEP common units issued to Tallgrass Development. Based on TEP’s December 31st closing price of $41.21, the total consideration of approximately $743.6 million represents a…