•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Shell subsidiary plans midstream IPO

    Royal Dutch Shell

    Royal Dutch Shell reports that its wholly owned subsidiary, Shell Midstream Partners LP, has filed a registration statement on Form S-1 with the US Securities and Exchange Commission related to the proposed initial public offering of common units representing limited partner interests.

    Shell Midstream Partners intends to apply to list the common units on the New York Stock Exchange under the ticker symbol "SHLX." The offering is expected to occur in the second half of this year.  

    Shell Midstream Partners was formed as a vehicle to own, operate, develop, and acquire pipelines and other midstream assets. Headquartered in Houston, its initial assets are expected to consist of ownership interests in four onshore and offshore pipelines located primarily in Texas and Louisiana.

    Barclays and Citigroup are acting as book-running managers and structuring agents for the proposed offering.

     

     

    Related Articles

    EnLink to build new Utica pipeline and related facilities

    08/19/2014 The EnLink Midstream companies – EnLink Midstream Partners LP and EnLink Midstream LLC – plan to construct a new 45-mile, 8-inch condensate pipeline and six natural gas compression and condens...

    American Midstream amends private placement of common units

    08/19/2014

    American Midstream Partners LP reports an amendment to the company’s private placement of common units.

    PennTex to build gathering, processing platforms in Permian and Lousiana

    08/18/2014

    PennTex Midstream Partners LLC has signed two separate midstream transactions to build two significant gathering and processing platforms in the Permian Basin and Northern Louisiana.

    American Midstream acquires offshore oil gathering assets from DCP

    08/12/2014

    American Midstream Partners LP has completed its acquisition of entities holding offshore oil gathering assets from an affiliate of DCP Midstream LLC.

    Rice Energy to form midstream MLP, offer common stock

    08/12/2014 Rice Energy Inc. is pursuing the formation of a midstream master limited partnership and intends to confidentially submit a draft Registration Statement on Form S-1 to the US Securities and Exchang...

    More Oil & Gas Financial Articles

    EnLink to build new Utica pipeline and related facilities

    Tue, Aug 19, 2014

    The EnLink Midstream companies – EnLink Midstream Partners LP and EnLink Midstream LLC – plan to construct a new 45-mile, 8-inch condensate pipeline and six natural gas compression and condensate stabilization facilities that will service major producer customers in the Utica shale play, including Eclipse Resources.

    American Midstream amends private placement of common units

    Tue, Aug 19, 2014

    American Midstream Partners LP reports an amendment to the company’s private placement of common units.

    PennTex to build gathering, processing platforms in Permian and Lousiana

    Mon, Aug 18, 2014

    PennTex Midstream Partners LLC has signed two separate midstream transactions to build two significant gathering and processing platforms in the Permian Basin and Northern Louisiana.

    American Midstream acquires offshore oil gathering assets from DCP

    Tue, Aug 12, 2014

    American Midstream Partners LP has completed its acquisition of entities holding offshore oil gathering assets from an affiliate of DCP Midstream LLC.

    Rice Energy to form midstream MLP, offer common stock

    Tue, Aug 12, 2014

    Rice Energy Inc. is pursuing the formation of a midstream master limited partnership and intends to confidentially submit a draft Registration Statement on Form S-1 to the US Securities and Exchange Commission for an initial public offering of MLP common units.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ