Oct 02, 2017Global Infrastructure Partners to Acquire Medallion Gathering & Processing, LLC
NEW 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 ...
Sep 27, 2017Traverse Midstream Partners LLC Announces Closing Of $1.285 Billion Senior Secured Term Loan
OKLAHOMA 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 ...
Sep 19, 2017Energy 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 ...
Aug 31, 2017Energy 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 ...
Aug 07, 2017Tallgrass Energy Partners Acquires Powder River Oil Gathering System, Continues to Expand Service Offerings in the Basin
LEAWOOD, 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 ...
Jun 28, 2017ExxonMobil, Eagle LNG Partners LLC and Crowley Sign Liquefied Natural Gas (LNG) Collaboration Agreement
ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe, reliable LNG delivery for vessel operators bunkering in North America.
The three companies signed a Memorandum of ...
May 01, 2017Permian Resources Announces Consensual And Transformational Restructuring Transaction
OKLAHOMA CITY, May 1, 2017 /PRNewswire/ — Permian Resources, LLC (together with its subsidiaries, “Permian Resources” or the “Company”), today announced that it has entered into a series of definitive agreements with funds managed by affiliates of The Energy & Minerals Group (“EMG”), OnyxPoint Global Management LP (“OnyxPoint”), Sable Management, LLC (“Sable”) and other investors that provide ...
Apr 24, 2017Rating Action: Moody’s Upgrades EMG Utica, LLC to B1
Global Credit Research – 24 Apr 2017
Approximately $210 million of rated debt affected
New York, April 24, 2017 — Moody’s Investors Service, (“Moody’s”) upgraded EMG Utica, LLC’s (EMG Utica) Corporate Family Rating (CFR) to B1 from B2, Probability of Default Rating (PDR) to B1-PD from B2-PD and the senior secured term loan rating to B1 from ...
Apr 05, 2017Ascent Resources Utica Holdings, LLC Announces Closing Of $1.5 Billion Offering Of 10.00% Senior Notes Due 2022, Retirement Of Ascent Resources – Utica, LLC Second Lien Term Loan And Closing Of A New $1.5 Billion Senior Secured Revolving Credit Facility With Initial Borrowing Base Of $650 Million
OKLAHOMA CITY, April 5, 2017 /PRNewswire/ — Ascent Resources Utica Holdings, LLC (“ARUH”) and ARU Finance Corporation (“Finco” and, together with ARUH, the “Issuers”) announced today that they have closed an offering of $1.5 billion of 10.00% senior unsecured notes due 2022 (“Notes”). The Notes will be guaranteed by Ascent Resources – Utica, LLC (“ARU”). ...
Apr 03, 2017Tallgrass Energy Partners Acquires Approximate 25 Percent Interest in Rockies Express Pipeline
LEAWOOD, Kan.–(BUSINESS WIRE)– 4/3/2017 6:45 AM ET — Tallgrass Energy Partners, LP (NYSE:TEP) announced today that it has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (“REX”) from Tallgrass Development, LP for cash consideration of $400 million effective March 31, 2017. The acquisition increases TEP’s ownership interest in REX to approximately ...
Feb 06, 2017Energy Transfer Announces Receipt of FERC Certificate for Construction of Rover Pipeline
DALLAS–(BUSINESS WIRE)–Energy Transfer Partners, L.P. (NYSE: ETP) today announced that the Federal Energy Regulatory Commission (FERC) approved Rover Pipeline LLC’s (“Rover”) application to construct and operate the Rover Pipeline Project. FERC’s order, issued yesterday, allows Rover to move forward with its pipeline. Rover has already notified FERC that it has accepted the certificate. FERC’s order also ...
Jan 03, 2017Tallgrass Energy Partners Acquires Tallgrass Terminals and the Operator of Rockies Express Pipeline
LEAWOOD, Kan. – January 3, 2017 –(BUSINESS WIRE)– Tallgrass Energy Partners, LP (NYSE: TEP) announced today that it acquired Tallgrass Terminals, LLC and Tallgrass NatGas Operator, LLC from Tallgrass Development for cash consideration of $140 million. The acquisition represents TEP’s fifth dropdown acquisition from Tallgrass Development and was funded at closing through borrowings on TEP’s revolving ...