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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 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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October 24, 2014
07:05 EDTNGLNGL Energy Partners increases quarterly dividend to 60.88c per share
NGL Energy Partners LP announced that the Board of Directors of its general partner declared a quarterly distribution of 60.88c per unit, or $2.435 on an annualized basis, for the quarter ended September 30, 2014. This distribution represents a 3.4% increase over the prior quarterly distribution of 58.88c per unit and a 19.1% increase over the distribution paid in November 2013. This distribution is payable on November 14, 2014, to unitholders of record as of the close of business on November 4, 2014. This is the twelfth consecutive quarter NGL has increased its cash distribution since its public offering in May 2011.

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