Ferrellgas Partners, L.P. today announced that it has priced an offering of 4,400,000 common units representing limited partner interests at a public offering price of $26.27 per unit. Ferrellgas Partners, L.P. has also granted the underwriters an option to purchase up to an additional 660,000 common units to cover over-allotments, if any. The offering is expected to close on March 18, 2011, subject to customary closing conditions. The common units... Read more..
Duncan Energy Partners L.P. today announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.455 per common unit, or $1.82 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record at the close of business on Monday, January 31, 2011. This distribution represents a 2.2 percent increase from the... Read more..
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 close of business on Monday, January 31, 2011. This distribution rate, which represents a 5.4 percent... Read more..
Denbury Resources Inc. today announced that on December 31, 2010 it closed the previously announced sale of its ownership interests in Encore Energy Partners LP (NYSE:ENP – News) (“ENP”) to Vanguard Natural Resources, LLC (NYSE:VNR – News) (“Vanguard”). Denbury sold to Vanguard 100% of its interest in ENP’s general partner and approximately 20.9 million ENP common units, representing approximately 46% of ENP’s outstanding common... Read more..