Energy Transfer Partners – Oil & Gas 360

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

U.S. Court Dismisses Energy Transfer Partners Lawsuit Against Greenpeace

February 15, 2019

From Reuters A federal court in North Dakota has dismissed a lawsuit from Energy Transfer Partners LP against environmental group Greenpeace, according to a court order on Thursday. ETP had sued reut.rs/2SASoIv Greenpeace and other environmental groups in 2017, accusing them of racketeering and defamation with the aim of blocking the Dakota Access Pipeline. In the lawsuit, ETP argued that the environmental

Energy Transfer on Trend: Consolidates MLP

August 3, 2018

Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) announced that an agreement upon the merger of ETP with ETE in a unit-for-unit exchange. In connection with the transaction, ETE’s incentive distribution rights (IDRs) in ETP will be cancelled. ETP unitholders (other than ETE and its subsidiaries) will receive 1.28 common units of ETE for each

Energy Transfer Partners Announces Pricing of $3.0 Billion of Senior Notes

June 6, 2018

From Business NewsWire Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of its $500 million aggregate principal amount of 4.20% senior notes due 2023, $1.0 billion aggregate principal amount of 4.95% senior notes due 2028, $500 million aggregate principal amount of 5.80% senior notes due 2038 and $1.0 billion aggregate principal amount of 6.00% senior notes due 2048

Energy Transfer’s Rover Pipeline Receives FERC Approval

June 1, 2018

From Energy Transfer Energy Transfer Partners, L.P. (NYSE: ETP) announced today that Rover Pipeline, LLC received approval from the Federal Energy Regulatory Commission (FERC) to commence service of the Supply Connector B and full Mainline B pipeline segments. This latest approval allows for 100 percent of Rover’s mainline capacity, 3.25 billion cubic feet per day of natural gas, to be placed into service. Starting June 1,

Energy Transfer Partners Sells $1.5 Billion Stake in Rover Pipeline Project to Blackstone

August 1, 2017

Two subsidiaries of Energy Transfer Partners (ticker: ETP), Energy Transfer Interstate Holdings, LLC and ET Rover Pipeline LLC, announced July 31 that they would be selling a 49.9% interest in HoldCo, which owns a 65% interest in the Rover Pipeline—amounting to a 32.44% stake of the pipeline. The sale of the pipeline interest is going to Blackstone Energy Partners and

Energy Transfer Partners Announces Tender to Acquire PennTex Midstream Partners

May 19, 2017

Energy Transfer Partners, L.P. (Ticker: ETP) today announced its tender offer to purchase all of the outstanding common units representing limited partner interests in PennTex Midstream Partners, LP (Ticker: PTXP) not currently owned by ETP for $20.00 per common unit in cash. ETP currently owns approximately 32.4% of the outstanding PennTex common units. The tender offer will expire on June

Trump Administration Action Signals Plans to Move Forward with Keystone XL and Dakota Access

January 24, 2017

Trump executive action could expedite energy pipeline projects President Donald Trump signed executive actions to accelerate the Keystone XL and Dakota Access pipeline projects and to decree that American steel should be used for pipelines built in the United States, according to a report from Reuters. Trump also signed an action to speed up the environmental review and approval of

Today’s Deadline Tells the Tale for the Williams Companies, Energy Transfer Merger

June 24, 2016

Update: Energy Transfer wins court ruling in Williams Companies merger A Delaware judge ruled on Friday that Energy Transfer Equity LP can escape a proposed merger with Williams Companies over tax fears. Williams had suggested the fears over an unexpected tax were illegitimate and was merely a ploy by Energy Transfer to duck out of the deal. The judge ruled

$3.7 Billion Dakota Access Oil Pipeline Greenlighted by South Dakota

December 2, 2015

Initial capacity on the pipeline would be 450 MBOPD, with growth potential to 570 MBOPD The South Dakota Public Utilities Commission (PUC) announced this week that it has decided to approve Energy Transfer Partner’s (ticker: ETP) Dakota Access Pipeline project through the state in a 2-to-1 vote. The 1,134 mile pipeline travels through 50 counties in four states. The pipeline

Energy Transfer Partners Completes Dropdown of Remaining Retail Business for $2.2 Billion

November 17, 2015

Latest dropdown brings total transactions to $5.7 billion in just over a year Energy Transfer Partners (ticker: ETP) announced the dropdown of its remaining retail business to Sunoco LP (ticker: SUN) for total consideration of $2.226 billion. Energy Transfer Partners’ dropdown consisted of its remaining 68.42% interest in Sunoco, as well as its 100% interest in the legacy Sunoco retail

Energy Transfer Finally Locks Down Deal for Williams Companies at $37.7 Billion

September 28, 2015

ETE Becomes Largest Energy Infrastructure Group Enterprise Value Now Exceeds that of BP, Total and Petrobras Energy Transfer Equity’s (ticker: ETE) long pursuit of Williams Companies (ticker: WMB) has come to an end. On September 28, 2015, ETE announced the acquisition of WMB for total consideration of $37.7 billion, including debt, representing a 10% premium to WMB stock price prior

Energy Transfer Partners Announces $1.94 Billion Dropdown

July 15, 2015

Energy Transfer Partners Moves Susser Holdings to Sunoco LP Energy Transfer Partners (ticker: ETP) announced that it plans a 100% dropdown of Susser Holdings Corp. (SHC) for approximately $1.94 billion to its subsidiary Sunoco LP (ticker: SUN). In addition, there will be an exchange for 11 million SUN units owned by SHC for another 11 million new Sun units to

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