- Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 4.44% last month. The index has increased by 61.94% since last June.
- The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color on the valuations of MLPs, increased by 1.16% last month.
- The Baker Hughes Rig Count increased to 479 rigs, increasing by 4 rigs from last month’s count of 475 rigs. US production of crude oil increased to 11.100 mb/d in the last week of June compared to May levels of 10.800 mb/d.
For further details see:
MLP Monthly Report: July 2021