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As oil and gas production has boomed across the U.S., integrated energy companies have realized that there is a fair bit of money to be made by exploiting the master limited partnership structure ...
Delek Logistics Partners is an MLP formed by refining company Delek US Holdings to own, operate, and acquire energy midstream infrastructure focused on crude oil. It operates crude oil, gas, water ...
Many midstream companies -- the businesses that transport and process oil and natural gas -- are structured as mastered limited partnerships. Set up in a tax-advantaged manner, the MLP structure ...
In 1981, Apache Corporation formed the United States' first MLP, Apache Petroleum Company (APC). Apache’s success drew other oil and gas companies to the MLP structure. Real estate companies soon followed, and by the mid-1980s, MLPs became so popular that they were adopted in a variety of industries, such as restaurants, hotels and cable TV.
The oil giant’s high-yielding payout pales in comparison with its midstream arm. If You Think BP's 5.4% Dividend Yield Is Enticing, You Should Check Out Its MLP Skip to main content
Kinder Morgan Energy Partners LP (NYSE: KMI) (KMEP) is a subsidiary of Kinder Morgan, Inc. The company, which is classified as an oil and gas master limited partnership (MLP), [1] owns or operates petroleum product, natural gas, and carbon dioxide pipelines, related storage facilities, terminals, power plants and retail natural gas in the United States and Canada.
In 1981, the company created Apache Petroleum Company (APC), the first public master limited partnership in the United States. [7] In 1985, the company acquired oil and gas wells in eight states from David Holdings for $200 million. In 1986, the company acquired oil and gas assets in the Gulf of Mexico from Occidental Petroleum. [8]
Investors who seek fat dividends to pad their portfolios really like master limited partnerships, and nowadays it's en vogue for energy companies to spin off parts of their business into MLPs. For ...