The Partnership will not receive any proceeds from the sale of common units in the offering, and the number of limited partner units outstanding will remain unchanged. Barclays, UBS Investment Bank, BofA Merrill Lynch and Morgan Stanley are acting as joint-book runners in the offering. The offering will be made only by means of a prospectus supplement and an accompanying prospectus, copies of which may be obtained, when available, by sending a request to: Barclays 180 Varick Street, 2nd Floor New York, NY 10014 Email: firstname.lastname@example.org You may also get these documents for free by visiting the Securities and Exchange Commission`s website at http://www.sec.gov. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sales of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Hi-Crush Hi-Crush is an integrated producer, transporter, marketer and distributor of high-quality monocrystalline sand, a specialized mineral that is used as a “proppant” (frac sand) to enhance the recovery rates of hydrocarbons from oil and natural gas wells. Our reserves, which are located in Wisconsin, consist of “Northern White” sand, a resource that exists predominately in Wisconsin and limited portions of the upper Midwest region of the United States.
It is because of vandals, that gorden merah children at the Building Blocks Development Center in Taylor did not even have a chance to enjoy their brand new playground equipment. “We just tell them that somebody did something bad to the playground and we need to stay inside,” said Danna Jacobs, owner of Building Blocks. Vandals also struck the Taylor recreational park. Pentagrams, satanic sayings and vulgar words were spray painted on the park pavilion, baseball field dugouts and Building Blocks playground equipment. “I’m very disappointed that the kids, I mean the town, of Taylor has done so much for the kids to have somewhere to hang out and it’s very disturbing that someone would destroy and vandalize it,” said Jacobs. The Houston County Sheriffs Office says in the last four days, several churches, schools, and private properties in the Taylor and Rehobeth areas, have all been vandalized.
AETI Announces 2nd Quarter and 1st Half 2014 Results, Provides Update on Strategic Initiatives – Yahoo Finance
(NYSE: UPL ) announced today that the company has signed a purchase and sale agreement to acquire all Pinedale field properties from SWEPI, LP, an affiliate of Royal Dutch Shell, plc (“Shell”) in exchange for a portion of Ultra’s Marcellus Shale properties and cash consideration of $925.0 million. Ultra Petroleum expects to finance the acquisition through the issuance of new debt at the subsidiary and parent level. The transaction is expected to close in the third quarter with an effective date of April 1, 2014. Opportunity Highlights Expected From the Trade: Increases net proved reserves by 1.8 Tcfe Increases proved reserve value (PV-10) by $1.8 billion Shifts corporate percentage of natural gas production sold in higher priced western markets to 92 percent from 76 percent Expands company operated production to 82 percent from 62 percent Improves control of capital allocation to higher returning Pinedale assets Ultra Petroleum is acquiring Shell’s interest in the Pinedale field, which is currently producing approximately 189 million cubic feet equivalent (MMcfe) per day of natural gas and condensate. As a result of the transaction, Ultra Petroleum will operate approximately 1,577 gross wells, or about 68 percent of the Pinedale field. In exchange, Shell will receive $925.0 million and approximately 155,000 net acres in the Marcellus Shale which is primarily located in Tioga and Potter counties. Shell will obtain approximately 100 MMcfe per day of natural gas production.
Ultra Petroleum Announces Pinedale Acquisition — HOUSTON, Aug. 14, 2014 /PRNewswire/ —
As a result, the Company reported losses from discontinued operations of ($0.29) per share in the second quarter. As a result of the charges taken on the AAT segment, net income attributable to common shareholders for the quarter ended June 30th was a loss of $1.4 million or $(0.17) per fully diluted share, compared to income of $1.1 million or $0.12 per fully diluted share in Q2 of 2013 and income of $0.5 million or $.06 per fully diluted share in Q1 of 2014. For the first six months ended June 30, 2014, the net income attributable to common shareholders was a loss of $0.9 million or ($0.11) per fully diluted share as compared to income of $2.7 million or $0.31 per fully diluted share for the first six months of 2013. For the quarter ended June 30, 2014, the Company reported Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) from continuing operations of $1.2 million, a 30% decline over the same period in 2013 and up 22% from Q1 2014.