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Nov 20, 2018
Eagle LNG Receives Positive Review In Draft Environmental Impact StatementJACKSONVILLE–(BUSINESS WIRE)—Eagle LNG Partners (“Eagle LNG”) meets a major milestone for their Jacksonville Export Project. The United States Federal Energy Regulatory Commission (FERC) granted the company their draft environmental impact statement (DEIS). The draft EIS puts Eagle LNG on a clear path to FID on the Jacksonville Export Project and continues Eagle LNG’s success in ...
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Nov 08, 2018
Baffinland Iron Mines Sets new 5.1 Million Tonne Shipping RecordOakville, ON,November 8, 2018 – Baffinland Iron Mines Corporation (Baffinland) announced today the recent conclusion of its 2018 shipping program. From July 24 to October 17, Baffinland shipped approximately 5.1million tonnes of iron ore from its Milne Inlet Port to markets in Europe,the United Kingdom, Taiwan, and Japan. Seventy-onevoyages were executed, carrying an average of ...
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Oct 17, 2018
Silver Creek Midstream Announces Closing of Powder River Basin Acquisition from Genesis Energy and New PartnershipRVING, Texas, Oct. 11, 2018 /PRNewswire/ — Silver Creek Midstream, LLC today announced that its affiliate (“Silver Creek”) has closed the previously announced acquisition of Genesis Energy’s Powder River Basin (“Basin”) crude gathering, storage, and rail assets (“Trunkline System”). In conjunction with the transaction, Silver Creek has received an equity commitment from the newly formed ...
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Aug 31, 2018
Ascent Resources, LLC Completes Successful Common Equity Raise and Previously Announced Utica AcquisitionsOKLAHOMA CITY, August 31, 2018 — Ascent Resources, LLC (together with its subsidiaries, the “Company” or “Ascent”) announced today that it has completed the acquisition of certain natural gas and oil properties from Hess Corporation, CNX Resources and Salt Fork Resources (“Salt Fork”), a previously undisclosed seller. The Salt Fork transaction consisted of the contribution ...
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Jul 13, 2018
Ascent Resources, LLC Completes Acquisition of Natural Gas and Oil Assets from Utica Minerals Development, LLCOKLAHOMA CITY, July 13, 2018 — Ascent Resources, LLC (together with Ascent Resources Utica Holdings, LLC and its subsidiaries, the “Company”) announced today that it has completed the previously announced acquisition of natural gas and oil leasehold interests, fee minerals and related assets from Utica Minerals Development, LLC (“UMD”) for a total purchase price of ...
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Jun 29, 2018
Ascent Resources, LLC Announces Multiple Utica Acquisitions and Successful Capital RaiseOKLAHOMA CITY, June 29, 2018 — Ascent Resources, LLC (together with its subsidiaries, the “Company”) announced today that it has entered into definitive agreements to acquire certain natural gas and oil properties from Hess Corporation, CNX Resources, Utica Minerals Development, and a fourth undisclosed seller (together, the “Acquisitions”) for a combined purchase price of approximately ...
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Jun 26, 2018
Tallgrass Energy Partners Unitholders Overwhelmingly Approve Merger with Tallgrass Energy GP; Closing Expected on June 29, 2018June 26, 2018 11:50 AM Eastern Daylight Time
LEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy Partners, LP (NYSE: TEP) (“TEP”) and Tallgrass Energy GP, LP (NYSE: TEGP) (“TEGP”) announced that at a special meeting today, TEP unitholders overwhelmingly approved the stock-for-unit merger transaction in which TEGP will acquire the approximately 47.6 million TEP common units held by the public ...
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Apr 26, 2018
EMG Utica, LLC – Update to Credit Analysis – Steady Utica Volumes will Help Maintain Low LeverageEMG Utica LLC (EMG Utica) is constrained by its concentration in Utica region, structural complexity arising from the holdco structure and the small size and scale of the MarkWest Utica EMG, L.L.C (JV). EMG Utica’s ability to service its debt is dependent on the performance and distributions from the JV, which the borrower does not ...
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Apr 17, 2018
Jupiter to List on ASX and Announces Tshipi Year-End ResultsJupiter Mines Limited (ASX: JMS) (“Jupiter” or the “Company”) is pleased to announce the listing of the Company on the Australian Securities Exchange (“ASX”). Jupiter’s Board and Management will ring the ASX bell in Sydney on Wednesday 18 April to commence trading in Jupiter shares at 11am (AEST).
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Mar 28, 2018
Crowley Loads First LNG into ISO Tank Container at Eagle LNG Partners’ New PlantCrowley Maritime Corporation’s LNG group has successfully executed the first loading of nearly 11,000 gallons of liquefied natural gas (LNG) into an ISO tank container at the new Eagle LNG Partners liquefaction facility located near Jacksonville, Fla.
Crowley loaded LNG into the ISO container and delivered it over the road to the Port of Jacksonville for ocean transport to ...
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Mar 26, 2018
Tallgrass Energy Announces Agreement for Tallgrass Energy GP to Acquire Tallgrass Energy Partners; Announces Increased Quarterly Distributions at TEGP and TEP
TEP public unitholders will receive 2.0 TEGP Class A shares for each outstanding TEP common unit; the exchange ratio represents an approximate 10 percent premium to the 30-trading day volume weighted average exchange ratio prior to the company’s Feb. 7 acquisitions and restructuring announcements
Proposed transaction will result in no distribution cut to TEP unitholders, and will ...
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Jan 18, 2018
EMG Utica ‘B’ Rating Affirmed, Outlook Stable; Senior Debt Rating Raised To ‘B+’ On Improved Recovery ExpectationsRatingsDirect – S&P Global Ratings
Overview
Significant debt paydown in 2017 has resulted in improved financial ratio projections at EMG Utica LLC, with debt to EBITDA now expected to be in the 1.5x–2x range over the next few years. We also have increased confidence that dividend coverage ratios provide sufficient headroom to shield the company during times ...
