can see on investorvillage mlp board
":in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices"
probably most in dark pools
EnLink Midstream Partners, LP (ENLK) (the “Partnership”) today announced the commencement of an underwritten public offering of 17,997,296 common units representing limited partner interests owned by GSO Crosstex Holdings LLC and certain of its affiliates (the “Selling Unitholders”).
Mar 18, 2014, 2:50pm EDT Updated: Mar 18, 2014, 3:28pm EDT
Marcellus to drive $70 billion in infrastructure development
Intern- Pittsburgh Business Times
Gas development in the Marcellus shale play is projected to spur almost $70 billion in gas-related infrastructure investments between now and 2035, a new study shows.
Tuesday’s report said the United States and Canada will jointly require $641 billion in midstream natural gas, natural gas liquids and crude oil infrastructure including between now and 2035, or about $30 billion per year. The study was conducted on behalf of the Interstate Natural Gas Association of America and conducted by ICF International.
The Marcellus is one of the largest reasons for the need for increased midstream infrastructure and pipelines, as production from the play continues to exceed expectations, the report said. While new infrastructure will likely be used to connect resource-heavy areas with places in which demand for natural gas is high, not all connections will require construction of new pipelines, but rather expansions of existing infrastructure, according to the study.
“This report shows a vibrant natural gas market in the future, and it also demonstrates the need for additional midstream infrastructure to support natural gas fulfilling its potential as a foundation fuel for our energy economy,” said Don Santa, president of the INGAA Foundation.
The Northeast as a whole is projected to drive $80 billion in infrastructure growth through 2035, the study said, $70 billion of which will come from the Marcellus play. The Marcellus is expected to more than double its current daily production level of 13 Bcf per day by 2035, according to the study.
oldrover i hand input my k-1 to TT. After screen asking how much in Box 1, the next screen should ask how much in boxes 4 thru 20. if you check box 13 then it will lead you to box 13 j. Likewise if you checked box 20 it will lead you to box 20. When box 20 screen comes up you input box 20t, then a screen will come up asking if you want cost depletion or percentage depletion and how much was on k-1 and you go form there. box 20t is very valuable
hig chrx. as always good points but as you know the dry gas will not get them the ethane., so will need a lot more of there own wet gas and ethane from others tied up than what they have today
actually 4 of their project are "tbd" so of the dated projects the 6 will make up 40% coming on line in second quarter
"...The action on the ground and the investment decision itself are two different things.
Whatever the case, Mr. Simco believes an Appalachian cracker may be "towards the bottom of their priorities."
"They've kind of screwed up everything in North America," he said. "They've basically proven they're just not competent in the shale space. What they're doing is retrenching."
Shell has consistently overpaid for shale assets and bought acreage outside of the sweet spots, he said. Its holdings in Pennsylvania include chunks in Tioga County, in the Allegheny National Forest, and in Butler and Lawrence counties.
"Some of our exploration bets have simply not worked out," Shell's CEO said.
"When we as the senior management look at the asset base today, and the new project proposals -- and there are a lot of these -- we need to be much more rigorous here," Mr. van Beurden told analysts...."
rest of article on investorvillage bry board
at least not a 1.2 item which would tend to lead to more tests
Bluestone II – 120 MMcf/d – 2Q14
De-ethanization – 10,000 Bbl/d – 2Q14
C3+ Fractionation – 10,000 Bbl/d –2Q14
De-ethanization – 40,000 Bbl/d – 2Q14
Seneca III – 200 MMcf/d – 2Q14
Majorsville IV – 200 MMcf/d – 2Q14
see investorvillage navb board has an example of a dec 2103 item
did tt correctly apply box 13 j (either amortized or all at once as a tax preference) and box 20T1 against Box 1 results?
Msg 36474 of 36476 at 3/14/2014 10:39:53 AM from investorvillage mlp board by
ARP & PSXP join Alerian MLP Index Mar 21
"ATLAS RESOURCE PARTNERS AND PHILLIPS 66 PARTNERS TO JOIN
THE ALERIAN MLP INDEX AND ALERIAN MLP EQUAL WEIGHT INDEX
Dallas, Texas – March 14, 2014 – Alerian announced that following the close of business on Friday, March 21, Atlas Resource Partners LP (NYSE: ARP) and Phillips 66 Partners LP (NYSE: PSXP) will be added to the Alerian MLP Index (NYSE: AMZ) and the Alerian MLP Equal Weight Index (CME: AMZE).
Atlas Resource Partners is active in oil and gas production in Texas, the Appalachian Basin, New Mexico, Alabama, and Oklahoma.
Phillips 66 Partners owns and operates crude oil, refined petroleum product and natural gas liquids pipelines and terminals and other transportation and midstream assets.
Boardwalk Pipeline Partners LP (NYSE: BWP) and PVR Partners LP (NYSE: PVR) will be removed from the index following the close of business on March 21.
The 50 constituents of the Alerian MLP Index will be rebalanced on a float-adjusted, capitalization-weighted basis in accordance with the existing index methodology. The 50 constituents of the Alerian MLP Equal Weight Index will be rebalanced on an equal-weighted basis in accordance with the existing index methodology. Constituent additions to and deletions from the index do not reflect an opinion by Alerian on the investment merits of the respective securities...."
thk nosweat. as always a very balanced posting. Revised credit performance changes are very important and should relieve equity stress along with preferreds (vnr did another preferred) option and unused credit line so op issues not killer yet
".... The long-term debt in an equity are more expensive than bank debt, it’s important for us to have a stable and secured balance sheet to fund our assets long-term and also have significant financial flexibility to fund our growth through acquisition strategy. As of year-end, we had $733 million drawn on our credit facility, down from $1.09 billion at the end of the third quarter and at present we’re approximately $747 million drawn on our credit facility which has a borrowing base of up to $1.5 billion.
We’re currently in a good position to opportunistically access the capital markets, if needed. At the beginning of 2014, we filed a shelf registration statement for our common equity ATM program. More recently, we have worked with our bank group to update our financial covenant package. More specifically, we amended our credit facility to replace what were maximum total leverage and senior secured debt incurrence covenants with first; a minimum interest coverage ratio test which requires us to have adjusted EBITDA of no more than 2.5 times interest expense; and secondly a senior unsecured debt basket not to exceed our borrowing base.
These are important modifications that bring our facility terms in line with our current size and greatly increase our financial flexibility. Absent acquisitions, the combination of the common equity ATM program, the revision of our credit facilities covenant package, our ongoing evaluation of alternative capital markets such as the preferred equity market. These items put us in a position to finance the business and maintain a credit profile consistent with our long-term goals without a pressing need for a traditional common equity issuance. This is a very important step for the Partnership.
comes out to 1.013 to 1. will be interesting to see but the 1.103 is unlikely or it would have been advertized so to speak