Master

Southern Union Co. Friday announced that it plans to form a stand-alone master limited partnership (MLP) to house a “portion” of its natural gas gathering and processing assets.

Making good on its promise made early this year, El Paso Corp. has launched an initial public offering for a master limited partnership (MLP), which will own and operate a portion of its natural gas transportation pipelines, storage and other midstream assets.

The growing popularity of the master limited partnership (MLP) business structure is proving beneficial as the natural gas industry struggles to expand infrastructure, but another trend — a shortage of skilled workers — could present major problems in the near future, panelists told FERC.

The growing popularity of the master limited partnership (MLP) business structure is proving beneficial as the natural gas industry struggles to expand infrastructure, but another trend — a shortage of skilled workers — could present major problems in the near future, panelists told FERC.

EnerVest Ltd. and its master limited partnership EV Energy Partners LP (EVEP) have formed a multi-year joint venture with Houston’s Apache Corp. to explore about 400,000 acres in Central and East Texas formations that are located below the Austin Chalk formation.

Interstate natural gas pipelines expressed support for the direction of FERC’s proposed policy statement that would allow the use of master limited partnerships (MLP) in proxy groups to determine oil and gas pipelines’ return on equity (ROE). But they had some concerns with the particulars. Local distribution companies (LDCs), on the other hand, urged FERC to move cautiously, while major producers viewed the policy statement as a short-term patch..

Interstate natural gas pipelines expressed support for the direction of FERC’s proposed policy statement that would allow the use of master limited partnerships (MLP) in proxy groups to determine oil and gas pipelines’ return on equity (ROE). But they had some concerns with the particulars. Local distribution companies (LDC), on the other hand, urged FERC to move cautiously.

Despite turmoil in the debt markets that has cooled interest in master limited partnerships (MLP) among some investors, Southern Union Co. remains “committed to an MLP transaction involving our midstream assets,” a company vice president told financial analysts recently.

Despite turmoil in the debt markets that has cooled interest in master limited partnerships (MLP) among some investors, Southern Union Co. remains “committed to an MLP transaction involving our midstream assets,” a company vice president told financial analysts last week.