Enterprise Announces 26th Consecutive Quarterly Distribution Rate Increase

Enterprise Products Partners L.P. announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.59 per common unit, or $2.36 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the... 

Enterprise Strengthens Eagle Ford Shale Position with Chesapeake Agreements

Enterprise Products Partners L.P. nnounced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK – News) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around... 

CVR Energy Reviews Multiple Crude Oil Supply Proposals; J. Aron & Company Amends Existing Agreement

CVR Energy, Inc. announced that it is in discussions with multiple parties to select a new supplier for a replacement of its crude oil supply agreement with J. Aron & Company. The company said that J. Aron and CVR Energy had agreed to extend to Dec. 1, 2008, the date by which either party may provide notice of cancellation of their current crude... 

Gateway Energy Enters Into New Transportation and Terminal Services Agreements

Gateway Energy Corporation announced that its wholly-owned subsidiary, Gateway Offshore Pipeline Company has entered into agreements with Maritech Resources, Inc., an exploration and production company and wholly-owned subsidiary of TETRA Technologies, Inc., to transport all of the crude oil and natural gas produced from its High Island Block 98-L lease,... 

Keyera Files Preliminary Short Form Shelf Prospectus

Keyera Facilities Income Fund announced that it has filed a preliminary short form base shelf prospectus with Canadian regulatory authorities in each of the provinces of Canada. The prospectus will allow for the issue of trust units, subscription receipts and senior or subordinated unsecured debt securities, up to an aggregate offering price of $1,000,000,000... 

Eagle Rock Energy Partners, L.P. Upsizes Its Senior Secured Credit Facility

Eagle Rock Energy Partners, L.P. announced that it has successfully increased commitments to its senior secured credit facility by $180 million, increasing the facility’s total commitments to $980 million (retaining the ability to further increase the facility’s size to $1.0 billion). This upsizing was achieved in two transaction events with the... 

SemGroup Energy Partners Receives Nasdaq Deficiency Notice Related to Audit Committee Composition

SemGroup Energy Partners, L.P. announced that SGLP received a Nasdaq Staff Deficiency Letter on August 7, 2008 indicating that SGLP no longer complies with the audit committee composition requirements as set forth in Marketplace Rule 4350(d), which requires SGLP’s general partner to have an audit committee of at least three independent members. As... 

TEPPCO Partners, L.P. Begins Service at New Boligee, Alabama Refined Products Terminal

TEPPCO Partners, L.P. announced that its TEPPCO Terminal and Marketing Company subsidiary has commenced operations at the partnership’s new 500,000 barrel Boligee refined products terminal in Greene County, Alabama. Located along the Tennessee Tombigbee waterway, the facility has storage for gasoline, diesel and ethanol, and features direct access... 

Holly Corporation Reports Second Quarter Results

Holly Corporation reported second quarter net income of $11.5 million ($0.23 per basic and diluted share) compared to $158.6 million ($2.89 per basic and $2.84 per diluted share) for the same period of 2007. For the six months ended June 30, 2008, net income was $20.1 million ($0.40 per basic and $0.39 per diluted share) compared to $226.2 million...