June 6, 2013 / 1:45 PM / 4 years ago

Devon Energy to form midstream natgas master limited partnership

NEW YORK, June 6 (Reuters) - Devon Energy Corp said on Thursday it plans to form a master limited partnership (MLP) to hold a stake in its U.S. natural gas gathering and processing assets.

The MLP is expected to initially hold a minority stake in the oil and gas company's so-called midstream business, which includes assets in Texas, Oklahoma and Wyoming. Devon will own the general partner of the MLP.

The company expects the MLP to file a registration statement with the Securities and Exchange Commission in the third quarter.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below