COST: 300 $MM
DALLAS, Feb. 25, 2019 /PRNewswire/ -- Alerian announced today that TransMontaigne Partners (NYSE: TLP) is expected to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian MLP Index (AMZ), and Alerian MLP Equal Weight Index (AMZE) in a special rebalancing.
Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Pending unitholder approval, TLP will cease to trade due to its go-private transaction. If approved, the rebalancing will take place after market close on Wednesday, February 27.
Each index will be rebalanced in accordance with its existing methodology. Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.
About Alerian
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of January 31, 2018, over $13 billion is directly tied to the Alerian Index Series through exchange traded funds and notes, separately managed accounts, and structured products. Visit alerian.com to learn more.
View original content:http://www.prnewswire.com/news-releases/transmontaigne-partners-expected-to-be-removed-from-the-alerian-index-series-300800923.html
SOURCE Alerian
DALLAS, Dec. 14, 2018 /PRNewswire/ -- Alerian announced the results of the December quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, December 21, 2018.
AmeriGas Partners (NYSE: APU), Alliance Resource Partners (NASDAQ: ARLP), GasLog Partners (NYSE: GLOP), Golar LNG Partners (NASDAQ: GMLP), Hi-Crush Partners (NYSE: HCLP), Suburban Propane Partners (NYSE: SPH), Sunoco (NYSE: SUN), Teekay LNG Partners (NYSE: TGP), USA Compression Partners (NYSE: USAC), and Viper Energy Partners (NASDAQ: VNOM) will be removed.
There are no constituent changes to the Alerian MLP Infrastructure Index (AMZI) or the Alerian Natural Gas MLP Index (ANGI).
In addition, each index will be rebalanced in accordance with its existing methodology. Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.
About Alerian
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of November 30, 2018, over $13 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. Visit alerian.com to learn more.
View original content:http://www.prnewswire.com/news-releases/alerian-index-series-december-2018-index-review-300765593.html
SOURCE Alerian
BOSTON, Sept. 14, 2017 /PRNewswire/ -- ArcLight Capital Partners announced today that one of its affiliates has acquired a 30% interest in the entity that owns the Olympic Pipeline from ARCO Midcon LLC, an affiliate of BP Pipelines (North America) Inc. The Olympic Pipeline is a regulated interstate refined products pipeline system that spans approximately 400 miles across the states of Washington and Oregon. BP Pipelines (North America) Inc. will continue to operate the pipeline under a multi-year operating agreement. This transaction follows an earlier agreement between ArcLight and BP to enter into a joint venture across two large-scale refined product terminals that are interconnected to the Olympic Pipeline.
In connection with the transaction, ArcLight has granted TransMontaigne Partners LP (NYSE: TLP), also an ArcLight affiliate, a right of first offer to purchase ArcLight's interest in the entity that owns the Olympic Pipeline.
ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, the firm helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. ArcLight has invested approximately $19 billion in over 100 transactions since inception. Based in Boston, the firm's investment team employs a hands-on value creation strategy that utilizes its in-house technical, operational, and commercial specialists as well as the firm's 750-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.
View original content:http://www.prnewswire.com/news-releases/arclight-capital-and-bp-expand-west-coast-midstream-collaboration-300519989.html
SOURCE ArcLight Capital Partners
BOSTON, Aug. 7, 2017 /PRNewswire/ -- ArcLight Capital Partners announced today that one of its affiliates signed definitive agreements with BP West Coast Products LLC, as a result of which they will enter into a joint venture across refined product logistics infrastructure assets in the US Pacific Northwest.
The JV will be anchored initially by the acquisition of two large-scale refined product terminals in Seattle, Washington and Portland, Oregon. The transaction is expected to close in late 2017, subject to customary approvals. TLP Management Services LLC, an ArcLight affiliate, will operate the terminals under a multi-year operating agreement. Separately, ArcLight intends to grant TransMontaigne Partners LP (NYSE: TLP), also an ArcLight affiliate, a right of first offer to purchase ArcLight's interest in the JV.
ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, the firm helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. ArcLight has invested approximately $18 billion in over 100 transactions since inception. Based in Boston, the firm's investment team employs a hands-on value creation strategy that utilizes our in-house technical, operational, and commercial specialists as well as the firm's 750-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.
View original content:http://www.prnewswire.com/news-releases/arclight-capital-to-enter-into-joint-venture-with-bp-west-coast-products-llc-300500451.html
SOURCE ArcLight Capital Partners
TULSA, Okla. and DENVER, April 4, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) and TransMontaigne Partners L.P. (NYSE: TLP) announced today they are jointly assessing the development of a new refined products pipeline in South Texas.
The potential project would include construction of an approximately 150-mile, 16-inch diameter pipeline capable of transporting 150,000 barrels per day (bpd) of gasoline, diesel fuel, propane and condensate from Magellan's Corpus Christi, Texas terminal to TransMontaigne's Brownsville, Texas terminal to meet market demand in Brownsville and other South Texas markets or for ultimate delivery to Mexico via truck, rail or connections to pipelines owned by TransMontaigne and third parties. If warranted by additional demand, the pipeline capacity could be expanded to 250,000 bpd.
Subject to receipt of necessary permits, regulatory approvals and sufficient customer demand, the potential pipeline could be operational by the end of 2018.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. Magellan owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation's refining capacity, and can store more than 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.
About TransMontaigne Partners L.P.
TransMontaigne Partners L.P. (NYSE: TLP) is a terminaling and transportation company based in Denver, Colorado with operations primarily in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers and in the Southeast. TransMontaigne provides integrated terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. TransMontaigne does not purchase or market products that they handle or transport. More information is available at www.transmontaignepartners.com.
Portions of this document constitute forward-looking statements as defined by federal law. Although management of Magellan Midstream Partners, L.P. and TransMontaigne Partners L.P. believe any such statements are based on reasonable assumptions, actual outcomes may be materially different. Key risk factors associated with the potential project include without limitation: (1) the ability to negotiate and sign definitive agreements between the project sponsors and with potential customers; (2) the ability to obtain all required rights-of-way, permits and regulatory or other approvals on a timely basis and (3) further evaluation of the viability of the potential project once additional necessary engineering and commercial assessments are complete. Additional risk factors are listed in the companies' reports filed with the Securities and Exchange Commission. The companies undertake no obligation to revise these forward-looking statements to reflect events or circumstances occurring after today's date.
Magellan: |
Paula Farrell, Investor Relations |
(918) 574-7650 |
|
Bruce Heine, Media Relations |
(918) 574-7010 |
||
TransMontaigne: |
Robert Fuller, CFO |
(303) 626-8200 |
SOURCE Magellan Midstream Partners, L.P.
Brownsville Terminal Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
TransMontaigne Partners L.P.
Collins Terminal Expansion (0.3 MMbbls) (subscriber access)
Status: (subscriber access)
Parent Entities:
TransMontaigne Partners L.P.
Collins Terminal Expansion 2 (0.3 MM Bbls) (subscriber access)
Status: (subscriber access)
Parent Entities:
TransMontaigne Partners L.P.
Collins Terminal Expansion 3 (0.5 MM Bbls) (subscriber access)
Status: (subscriber access)
Parent Entities:
TransMontaigne Partners L.P.
Collins Terminal Expansion Phase II (subscriber access)
Status: (subscriber access)
Parent Entities:
TransMontaigne Partners L.P.
Diamondback Refined Products Pipeline Conversion (subscriber access)
Status: (subscriber access)
Parent Entities:
TransMontaigne Partners L.P.
Limetree Bay Refinery Refurbishment & Restart (subscriber access)
Status: (subscriber access)
Parent Entities:
Limetree Bay Holdings
ArcLight Capital Partners, LLC
Freepoint Commodities LLC
Richmond Terminal Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
TransMontaigne Partners L.P.
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