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Stock Market & Financial Investment News

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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 NGLís 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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July 23, 2015
17:00 EDTNGLNGL Energy Partners backs distribution increase view of 6%-8% for 2015 and 2016
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17:00 EDTNGLNGL Energy Partners increases quarterly cash distribution 7.4% to 63.25c
NGL Energy Partners declared a quarterly distribution of 63.25c per unit, a 7.4% increase over the distribution paid for the same quarter a year ago. This distribution is payable on August 14 to unitholders of record entitled to receive the distribution at the close of business on August 3.

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