Consol and Noble file for joint Midstream Master Limited Partnership

Finance
Source: DollarPhotoClub

CONSOL Energy, a Pittsburgh-based producer of natural gas and coal, has announced that along with its Marcellus Shale joint venture partner, Noble Energy, Inc., has caused a Registration Statement on Form S-1 to be filed with the U.S. Securities and Exchange Commission for the IPO of common units of a master limited partnership (MLP). The new MLP is to be known as CONE Midstream Partners LP. CONE Midstream Partners will provide midstream gathering services for production from CONSOL Energy’s and Noble Energy’s jointly owned acreage in the Marcellus Shale.

The number of common units to be offered and the price range for the offering have not been determined. The offering is expected to be completed late in the third quarter or early in the fourth quarter of 2014. CONE Midstream Partners has applied for a listing of the common units on the New York Stock Exchange under the symbol “CNNX”.

A registration statement relating to the securities of CONE Midstream Partners LP has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Wells Fargo Securities, BofA Merrill Lynch and Baird will act as book running managers of the offering. The offering of common units will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering may be obtained, when available, from:

  • Wells Fargo Securities, LLC, Equity Syndicate Department, cmclientsupport@wellsfargo.com
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated, BofA Merrill Lynch Prospectus Department, dg.prospectus_requests@baml.com
  • Robert W. Baird & Co. Incorporated Syndicate Department, syndicate@rwbaird.com

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