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 ...

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 ...

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 ...

Supporting LNG Infrastructure will be built in Jacksonville, Ready for Use in 2017 (JACKSONVILLE, Fla.; December 16, 2015) – Crowley Puerto Rico Services, Inc. has selected Eagle LNG Partners (Eagle LNG) as the liquefied natural gas (LNG)-supplier for the company’s new LNG-powered, Commitment Class ships, which will be delivered in 2017 for use in the ...

FINDLAY, Ohio, Dec. 4, 2015 – MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. today announced the completion of the previously announced merger by which MarkWest became a wholly owned subsidiary of MPLX. As of this morning, MarkWest ceased to be a publicly traded partnership and its common units discontinued trading on the New York ...

OKLAHOMA CITY, Nov. 19, 2015 /PRNewswire/ — American Energy — Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), announced today the pricing of its offering of $530 million of 13.00% Senior Secured First Lien Notes due 2020 (Notes). The Notes will be sold to investors at 100% of their principal amount. ...

OKLAHOMA CITY, AUGUST 3, 2015: American Energy Partners, LP (AELP) today announced that on August 24, 2015, Elliot J. Chambers will join AELP as the Chief Financial Officer (CFO) of its affiliates American Energy – Woodford, LLC (AEW), American Energy – Minerals, LLC (AEMN) and American Energy – NonOp, LLC (AENO). Chambers, 42, is replacing ...

Combination creates diversified MLP with $21 billion in market capitalization MPLX affirms its anticipated distribution growth of 29 percent this year and expects a 25 percent compound annual distribution growth rate for the combined entity through 2017 with a peer-leading growth profile thereafter Strong sponsor with substantial dropdown portfolio to support distribution growth Complementary assets and footprint to ...

OKLAHOMA CITY, June 23, 2015 /PRNewswire/ — American Energy – Midstream, LLC (AE-MidCo), announced today that it is changing its name to Traverse Midstream Partners LLC (Traverse Midstream) and is transitioning to a standalone company, fully independent of the broader American Energy Partners, LP (AELP) platform, a process that has been contemplated since the company’s ...

OKLAHOMA CITY, June 9, 2015 /PRNewswire/ — American Energy Appalachia Holdings, LLC announced today that it is changing its name to Ascent Resources, LLC (Ascent) and is transitioning to a standalone operating company, fully independent of the broader American Energy Partners, LP (AELP) platform, a process that has been contemplated since the company’s founding in ...

OKLAHOMA CITY, JUNE 8, 2015: American Energy – Woodford, LLC (“AEW”), an affiliate of American Energy Partners, LP, today announced the early participation deadline results of its private offer to exchange (the “Exchange Offer”) any and all of its outstanding 9.00% Senior Notes due 2022 (the “Existing Notes”) held by Eligible Holders (as defined below) ...

OKLAHOMA CITY, June 4, 2015 /PRNewswire/ — American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP, announced today the completion of its offering of $295 million of 8.00% Senior Secured Second Lien Notes due 2020 (Notes) in an unregistered offering to institutional investors.  The net proceeds from the offering of ...