In a regulatory filing earlier, Noble Midstream Partners (NBLX) reported that Terry Gerhart and John Nicholson each resigned on Friday, August 9, as, respectively, a director and CEO and COO, of Noble Midstream GP LLC, the
general partner of Noble Midstream Partners LP, in order to pursue other business opportunities.
Natural gas assets company Equitrans Midstream Corporation (NYSE:ETRN), EQM Midstream Partners LP (NYSE:EQM) and certain of their affiliates have completed the exchange and elimination of the EQM Incentive Distribution Rights (IDRs) and restructure the economic
general partner interest in EQM.
Craft III, president and CEO of the
general partner of Alliance Resource Partners, has assumed the role of chairman of the
general partner's board of directors.
ETP and ETE announced deals whereby ETP will contribute its CDM Resource Management LLC and CDM Environmental & Technical Services LLC subsidiaries (collectively CDM) to USA Compression Partners, LP (USAC) and ETE will purchase USAC's
general partner.
The merger agreement has been unanimously approved by the board of directors of TEGP's
general partner, the conflicts committee of the board of directors of TEP's
general partner and the board of directors of TEP's
general partner.
Valero Energy Partners LP (NYSE: VLP), a limited partnership formed by Valero Energy Corporation to own, operate, develop, and acquire crude oil and refined products pipelines, terminals, and other transportation and logistics assets, has received approval from the board of directors of its
general partner for the acquisition of the Corpus Christi Terminal Services Business from a subsidiary of Valero Energy Corporation (NYSE: VLO, Valero).
Cash Distributions - On April 23, 2015, the board of directors of our
General Partner declared the Partnership's first quarter 2015 cash distribution in the amount of $0.84 per common unit, payable on May 15, 2015 to unitholders of record as of May 5, 2015.
NOT Offshore said it intends to use the net proceeds that it receives in the offering and the related capital contribution by its
general partner to maintain its 2%
general partner interest to fund the purchase prices of its previously announced acquisitions of two shuttle tankers, the Hilda Knutsen and the Torill Knutsen, from Knutsen NYK Offshore Tankers AS.
announced that the board of directors of its
general partner, Enterprise Products Holding LLC, has approved organization changes, including the election of Randa Duncan Williams as non-executive chairman of the board of the
general partner.
However, one notable trouble spot regarding the targeted allocations approach appears when the actual cashflow of the partnership does not match the respective allocations of taxable income to the partners--specifically the
general partner.
Loans from Limited Partners to the
General Partner B.