Enterprise Products Partners L.P. announced that its affiliates have signed new long-term agreements with major producers in the Barnett Shale region that will utilize approximately 900 million cubic feet per day of capacity on the partnership’s 1.1 billion cubic feet per day (“Bcfd”) Sherman Extension natural gas pipeline. The partnership also announced that it will construct a pipeline that...
The Hiland companies, Hiland Partners, LP told the press that The Board of Directors of Hiland Partners GP, LLC, the managing general partner of Hiland Partners, LP, today announced an increase in its cash distribution for the second quarter of 2008. The declared quarterly distributions on the Partnership’s common and subordinated units will increase to $0.8625 per unit (an annualized rate of...
The Hiland companies, Hiland Partners, LP and Hiland Holdings GP, LP highlight the following quarterly distribution declarations. Hiland Partners, LP The Board of Directors of Hiland Partners GP, LLC, the managing general partner of Hiland Partners, LP, today announced an increase in its cash distribution for the second quarter of 2008. The declared quarterly distributions on the Partnership’s...
Plains All American Pipeline, L.P. (NYSE:PAA) announced that a wholly owned subsidiary of Occidental Petroleum Corporation (“OXY”), has entered into definitive agreements to acquire an aggregate 10% equity interest in the general partner of PAA directly from the existing owners. Closing is expected to occur within the next 30 to 45 days and is subject to certain customary closing conditions. The...
Enterprise Products Partners L.P. announced that the Independence Hub production platform set sail today from Corpus Christi, Texas, for a five-day trip to Mississippi Canyon Block 920 where it will be installed. The hub, which is owned 80 percent by Enterprise and 20 percent by Helix Energy Solutions Group, Inc., will be located approximately 150 miles southeast of Venice, Louisiana, in about 8,000...
MarkWest Energy Partners, L.P. announced that Frank Semple, President and Chief Executive Officer, will be presenting at the Oil and Gas Conference on Monday, August 14, 2006 at 1:30 p.m. (MDT). This presentation will be broadcasted live via webcast at http://www.investorcalendar.com/CEPage.asp?ID=107432. The presentation materials are available online at www.markwest.com. MarkWest Energy Partners,...
A spate of oil and gas pipeline deals has boosted mergers and acquisitions for the industry by nearly 30 percent this year, but soaring prices are turning off many potential buyers. Demand has driven up valuations for the limited supply of properties for sale, and many pipelines have become too expensive for the tax-free master limited partnerships that now dominate the field, bankers say. Recent deals...