Encore Announces IPO Plans

Encore Acquisition Company said that it intends to form a master limited partnership, or MLP, that will engage in an initial public offering of common units representing limited partner interests.

The MLP is expected to own certain Wyoming oil and natural gas properties to be acquired from subsidiaries of Anadarko Petroleum Corporation and certain legacy oil and gas properties currently owned by Encore. Net proceeds from the initial public offering are expected to be used to repay indebtedness incurred in connection with the acquired properties.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Senior Payroll Tax Analyst - Houston
Expertise: Accounting
Location: Houston, TX
 
Project Controls Engineer & Business Services Lead
Expertise: Project Controls
Location: New Jersey, 
 
Project Controls Engineer & Business Services Lead
Expertise: Project Controls
Location: New Jersey, 
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours