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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 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.
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November 24, 2014
07:01 EDTNGLNGL Energy Partners acquires water disposal facilities in the Bakken for $34.6M
NGL Energy Partners LP announced that it has acquired two salt water disposal facilities from WaterWorks Corral Creek, LLC, and Saltwater Disposal Systems, LLC, respectively for a total cost of $34.6M in cash. The acquisition, which includes 13 employees, represents NGL Water Solutionsí entrance into the Bakken shale play in North Dakota. These high quality, high volume facilities located in McKenzie and Dunn Counties bring NGLís total treatment and disposal capacity throughout the US to approximately 800,000 barrels per day.
November 21, 2014
10:20 EDTNGLHigh option volume stocks
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