Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.
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Chesapeake Midstream Partners LP has become Access Midstream Partners LP and is trading under the ticker ACMP on the New York Stock Exchange. A new website, www.accessmidstream.com, also was launched. In June Global Infrastructure Partners acquired the midstream partnership from Chesapeake Energy Corp. (see Daily GPI, July 3). New board members CEO J. Mike Stice, COO Robert S. Purgason and GIP principal William J. Brilliant join David A. Daberko, Domenic J. Dell’Osso Jr., Philip L. Frederickson, Matthew C. Harris, Suedeen G. Kelly and William A. Woodburn.
Denver-based explorer Voyager Oil & Gas Inc. on Tuesday agreed to buy a unit of Australia’s Emerald Oil & Gas NL in a deal that would create a U.S.-based Rocky Mountains operator focused on established and emerging unconventional oil and natural gas plays.
Oilfield services provider Platinum Energy Solutions Inc. filed plans with the Securities and Exchange Commission to sell up to $300 million of common stock in an initial public offering. The Houston-based company, which specializes in hydraulic fracturing in unconventional oil and natural gas plays, coiled tubing and other pressure pumping services, has operations in Texas and northwestern Louisiana. Platinum’s “quintuplex” pumping units are capable of delivering up to 2,500 hydraulic horsepower with an 80% efficiency, according to the company. Platinum said it has applied to list its stock on the New York Stock Exchange under the ticker FRAC.
UBS AG has launched an exchange-traded note (ETN) listed on the New York Stock Exchange Arca (Archipelago Exchange) under ticker symbol “MLPG” that provides investors single-security exposure to the Alerian Natural Gas MLP (master limited partnership) Index, a midstream-focused subset of MLPs whose constituents earn the majority of their cash flow from the transportation, storage and processing of natural gas and natural gas liquids. The index provides exposure to the expansion of gas infrastructure, as well as the investment required to accommodate geographical supply shifts associated with shale gas development. The ETN will track the change in value of the Alerian Natural Gas MLP Index and pass on the corresponding distributions from the underlying companies as a quarterly coupon, net of fees.
BGE shareholders approved the formation of holding companyConstellation Energy Group Inc. Constellation Energy is now set tobe launched May 3, trading under the CEG ticker symbol on the NewYork Stock Exchange. Constellation Energy will be the parentcompany that holds BGE’s common stock and the common stock of allof BGE’s current subsidiaries. BGE will become a sibling to itscurrent subsidiaries and will remain regulated by the MarylandPublic Service Commission.