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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 ...
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Oct 30, 2017
Global Infrastructure Partners Closes Medallion Gathering & Processing AcquisitionOctober 30, 2017 16:14 ET | Source: Global Infrastructure Partners.
NEW YORK, Oct. 30, 2017 (GLOBE NEWSWIRE) — Global Infrastructure Partners (GIP) announced today that it has closed on the previously announced acquisition of Medallion Gathering & Processing, LLC (Medallion). GIP purchased Medallion from an affiliate of The Energy & Minerals Group (EMG), 51% owner, and an affiliate of ...
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Oct 18, 2017
Baffinland Iron Mines concludes record-setting shipping season with 4.1 million tonnes of iron ore shipped over 75 daysOAKVILLE, ON, October 18, 2017 – Baffinland Iron Mines Corporation (Baffinland) announced today the conclusion of its 2017 open-water shipping program. From August 2 to October 17, Baffinland shipped approximately 4.1 million tonnes of iron ore from its Milne Inlet Port to markets in Germany, the United Kingdom, and Japan. Fifty-six panamax vessels were deployed, carrying ...
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Oct 02, 2017
Global Infrastructure Partners to Acquire Medallion Gathering & Processing, LLCNEW YORK, NY; IRVING, TX; HOUSTON, TX; TULSA, OK, Oct. 02, 2017 (GLOBE NEWSWIRE) — The Energy & Minerals Group (“EMG”), 51% owner, and Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo”), 49% owner, announced today that their affiliates have entered into a binding agreement to sell Medallion Gathering & Processing, LLC (“Medallion”) to an affiliate of ...
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Sep 27, 2017
Traverse Midstream Partners LLC Announces Closing Of $1.285 Billion Senior Secured Term LoanOKLAHOMA CITY, Sept. 27, 2017 /PRNewswire/ — Traverse Midstream Partners LLC (“Traverse”) announced today the closing of a $1.285 billion senior secured term loan (“Term Loan”). The Term Loan was upsized by $150 million from an initial loan size of $1.135 billion. Proceeds will be used to fund ongoing capital requirements associated with Traverse’s 35% interest in Rover Pipeline LLC (“Rover”) and ...
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Sep 19, 2017
Energy Transfer Receives FERC Approval to Resume Horizontal Directional Drilling Operations on the Rover Pipeline Project
The Full Phase 1 of the Project is Estimated to be in Service by the End of the Year
DALLAS–(BUSINESS WIRE)–Energy Transfer Partners (NYSE:ETP) is pleased to announce that the Federal Energy Regulatory Commission (FERC) has approved the company’s request to resume Horizontal Directional Drilling (HDD) operations along the Rover Pipeline Project.
Drilling operations on nine HDD ...
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Aug 31, 2017
Energy Transfer Announces FERC Approval to Put Phase 1A of the Rover Pipeline in Service
Natural Gas Service To Begin From Cadiz To Defiance, Ohio, August 31, 2017
DALLAS–(BUSINESS WIRE)–Energy Transfer Partners (NYSE: ETP) announced today the Federal Energy Regulatory Commission (FERC) approved its request to put Phase 1A of the Rover Pipeline into service. Phase 1A, the 212-mile section from Cadiz, Ohio, to Defiance, Ohio, will begin natural gas service ...
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Aug 07, 2017
Tallgrass Energy Partners Acquires Powder River Oil Gathering System, Continues to Expand Service Offerings in the BasinLEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy Partners, LP (NYSE:TEP) today announced that through its subsidiary Tallgrass Midstream, LLC (“TMID”) it has closed on the acquisition of Outrigger Energy LLC’s crude oil gathering system in the Powder River Basin for approximately $36 million, subject to potential adjustments specified in the purchase agreement. The acquired assets include approximately 34 ...