BOE Report

GDS International Implements GE’s Equipment Insight Solution to Optimize Top Drive Equipment Performance

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--GE (NYSE:GE) today announced that GDS International LLC, otherwise known as Global Drilling Support (GDS), has implemented its Equipment Insight solution at drilling rigs located in the Marcellus region of Pennsylvania to improve data collection, analytics and management capabilities. Powered by Predix, the software-as-a-service offering enables GDS — a leading provider of top drive manufacturing, maintenance and repair — to better monitor the health of its [Read more]

Energen Investment Community Meetings Slated for December 2-3

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Energen Corporation (NYSE: EGN) senior managers will meet with members of the investment community in New York on December 2-3, 2015. Associated meeting materials are available for viewing on Energen’s home page, http://www.energen.com. Energen Corporation is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. The company has 1.1 billion barrels of oil-equivalent proved, probable, and possible reserves and another 2.2 [Read more]

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $198.3 million and its unaudited net asset value was $147.6 million, or $21.23 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior [Read more]

Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $2.8 billion and its unaudited net asset value was $1.4 billion, or $29.28 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]

Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $286.0 million and its unaudited net asset value was $197.4 million, or $19.71 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]

Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $289.3 million and its unaudited net asset value was $225.4 million, or $15.53 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities [Read more]

Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $1.5 billion and its unaudited net asset value was $876.4 million, or $18.65 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to [Read more]

TravelCenters of America Opens LNG Fueling Lanes at TA Santa Nella, California

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America LLC (TravelCenters), operator of the TA® and Petro Stopping Centers® travel center brands, has announced the opening of LNG (liquefied natural gas) fueling lanes at its TA location at I-5, Exit 407 (St. Hwy 33), (12310 S. Hwy 33) in Santa Nella, California. To date TravelCenters has also completed retrofitting its TA Truck Service and Petro:Lube facilities to provide truck maintenance and repair on both CNG (compressed natural gas) and [Read more]

Fitch: Acquisition of NGPL Credit Neutral to Kinder Morgan

NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects the announced acquisition of a 30% interest of Natural Gas Pipeline Company of America LLC (NGPL) to be neutral to Kinder Morgan Inc. (KMI; 'BBB-'/Stable Outlook). KMI announced yesterday that it and Brookfield Infrastructure Partners, LP (BIP) would acquire the remaining 53% equity interest in NGPL not already owned by them for a total purchase price of approximately $242 million. KMI will pay approximately $136 million and increase its ownership [Read more]

MarkWest Unitholders Approve Combination with MPLX

FINDLAY, Ohio & DENVER--(BUSINESS WIRE)--At a special meeting held today, unitholders of MarkWest Energy Partners, L.P. (NYSE: MWE) approved a strategic combination with MPLX LP (NYSE: MPLX) by voting to approve the merger agreement dated July 11, 2015, as amended. Based on the voting results, approximately 80 percent of the units voted at the special meeting were in favor of the merger agreement. The transaction will result in MarkWest, the second-largest processor of natural gas in the [Read more]