Partnerships

Dominion Resources Inc. announced terms earlier this week for its midstream master limited partnership (MLP), which would own the Cove Point liquefied natural gas (LNG) terminal in Maryland. Dominion said it expects to raise more than $400 million in an initial public offering (IPO).

During a week in which unitholders of another midstream master limited partnership (MLP) were rocked by a distribution cut and unit sell-off, management of Enbridge Energy Partners LP (EEP) sought Thursday to assure analysts and investors that their story is different, and “distribution is secure.”

GE Energy Financial Services and an affiliate of Vess Oil Corp. are buying about 13,000 net acres in East Texas and associated production from the Woodbine formation from an EnerVest Ltd. affiliate for $108 million.

Aubrey McClendon’s American Energy Partners LLC is gearing up to test Utica Shale deposits in Guernsey and Harrison counties, a new partner said Tuesday.

A high-octane consortium with deep fueling and financing on Wednesday said it had formed Eagle LNG Partners to develop a network of U.S. liquefied natural gas (LNG) production facilities.

Nearly one year after it started looking for buyers for some of its acreage in Ohio’s Utica Shale, EV Energy Partners LP (EVEP) and its partnerships have made their first sale, agreeing to part with 22,535 net acres in the wet gas window for $284.3 million, the company said Friday.

If West Virginia and the broader region encompassing the Marcellus and Utica shales take advantage of value-added opportunities associated with natural gas — in the manufacturing, transportation and electricity generation sectors — a greater share of the economic benefits of the shale boom will be retained by the region, according to a report issued by Vision Shared, a the Huntington, WV-based nonprofit organization. But significant investment is needed upfront to make that happen.

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

The North American “shale revolution” is providing infrastructure companies and U.S. master limited partnerships with solid growth opportunities over the next two decades, according to an analysis by Credit Suisse.