NBLX News and Press, Noble Midstream Partners LP From 04/23/21

Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index PR Newswire DALLAS , April 23, 2021 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcomin...

Chevron currently yields 5% and the stock closed Friday at $103. Yet the last time WTI was at the current level of $63/bbl (last January), Chevron was trading at $121. That was before the addition of ~215,000 boe/d of Noble production, before taking an estimated $2.5 billion out o...

Private equity activity in midstream has served as a catalyst for the space in the past, and a more stable macro environment could lead to additional transactions in 2021 after a relatively quiet 2020. Thus far in 2021, there have been some examples of private equity purchasing non-co...

MLPs complicate the income tax requirements for IRAs. An IRA is required to report and pay Unrelated Business Income Tax (UBIT) if its MLP holdings earn a certain level of unrelated business taxable income. In what follows, we provide a primer on UBIT and its tax implications for ...

Crude oil prices reached a nearly 14-month high as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed not to increase oil output in April. Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.02% last month. The curren...

Oil's strong momentum continued this past week as OPEC+ kept its output unchanged.WTI futures (CL1:COM) rose 7.7% to finish above $66/barrel, and Brent futures (CO1:COM) was up 7.9% and 50 cents away from $70/barrel.WTI is up more than 35% for the year. It's now in oversol...

Chevron Corporation (NYSE: CVX) and Noble Midstream Partners, LP (NASDAQ: NBLX) have reported entry into a definitive agreement where Chevron will acquire all publicly held common units in Noble Midstream that is not already owned by Chevron and its affiliates in an all st...

Simplifies governance and corporate structure Enables further integration in support of leading DJ & Permian positions Transaction expected to close in 2Q 2021 Chevron Corporation (NYSE: CVX) (“ Chevron ”) and Noble Midstream Partner...

Captive partnerships suffer from a basically free call option available to the general partner to "take them under" at low valuations. Noble Midstream is the latest casualty, Phillips 66 Partners could be next. Reading the tea leaves of a recent 13-D filing could mean a roll up. S...

A merger wave washed over the oil patch last year. Oil giant Chevron (NYSE: CVX) kicked things off in July by agreeing to acquire Noble Energy for $13 billion. That spurred a flurry of similar deals as oil producers paired up to drive down costs. The ...