Monday, November 25, 2024

Enbridge and Spectra Energy Eliminate Incentive Distribution Rights

Enbridge Inc. (ticker: ENB) and Spectra Energy Partners, LP (ticker: SEP) announced today their execution of a definitive agreement resulting in Enbridge converting all of its incentive distribution rights (IDRs) and general partner (GP) economic interests in Spectra Energy Partners into 172.5 million newly issued SEP common units. As part of the transaction, all of the IDRs have been eliminated.

The North Sea Will Have Legs in 2018: Halliburton CEO Miller

Halliburton Company (ticker: HAL) announced a loss from continuing operations of $805 million, or ($0.92) per diluted share, for the fourth quarter of 2017. Adjusted income from continuing operations for the fourth quarter of 2017, excluding charges related to United States tax reform and Venezuela receivables, was $462 million, or $0.53 per diluted share. This compares to income from continuing

EnerCom Dallas Presenter Rosehill Resources Records 135% Reserve Growth

Growth achieved without any reserves from recent acquisitions Permian-based Rosehill Resources (ticker: ROSE) announced year-end reserves, the first reserves data published by the new company. Rosehill was formed through a merger of KLR Energy Acquisition and Tema Oil and Gas, a transaction that closed in April 2017. The company has established a position in the Permian, in the core of