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Stock Market & Financial Investment News

News Breaks
July 9, 2014
08:03 EDTNGLNGL Energy adds five new salt water disposal facilities
NGL Energy Partners announced that it has added five new salt water disposal facilities, which include a total of six recently completed disposal wells, for a cumulative cost of approximately $83M. Annual EBITDA in the first year of operation is projected at $16M. These facilities will increase capacity by 140K barrels per day, bringing NGL’s total treatment and disposal capacity to 600K barrels per day. The new facilities were recently drilled and completed under certain development agreements with partners and are located in both the Eagle Ford shale and Permian Basin. A substantial number of attractive growth opportunities involving new disposal wells, facilities, and water pipelines are also in process under these agreements.
News For NGL From The Last 14 Days
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June 29, 2015
10:09 EDTNGLOn The Fly: Analyst Initiation Summary
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07:26 EDTNGLNGL Energy Partners initiated with a Hold at Stifel
07:02 EDTNGLNGL Energy Partners, Meritage Midstream announce formation of JV
NGL Energy Partners LP and Meritage Midstream Services II, LLC announced that the companies are forming a joint venture to develop crude oil gathering and water services infrastructure to serve oil and gas producers in Wyoming’s Powder River Basin. The joint venture will focus on crude oil and wastewater gathering pipelines, pipeline injection terminals, wastewater and solid waste disposal facilities, and fresh water supply. The joint venture plans to have access to and operate on Meritage’s dedicated acreage in the Powder River Basin. NGL and Meritage are also committed to exploring pipeline connectivity options from the Powder River Basin in order to best serve Meritage’s and NGL’s customers. In addition, the partners will evaluate the use of NGL’s regional assets to capture optimal downstream marketing capabilities at both Cushing and the Gulf Coast markets.
June 24, 2015
07:18 EDTNGLCredit Suisse to hold a conference
2015 MLP & Energy Logistics Conference is being held in New York on June 23-24 with webcasted company presentations to begin on June 24 at 8 am; not all company presentations may be webcasted. Webcast Link

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