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Mon, Nov. 17, 4:30 PM
- CorEnergy Infrastructure Trust (NYSE:CORR) agrees to acquire the MoGas Pipeline System for $125M; MoGas is a critical supplier of natural gas in and around the St. Louis area.
- CORR plans to fund the deal with a combination of borrowings under its credit facility and with proceeds from a 13M-share public offering of common stock; the underwriters also will have a 30-day option to purchase up to an additional 1.95M shares.
- CORR also says it is increasing its quarterly cash dividend 3.8% to $0.135/share.
Fri, Nov. 7, 4:06 PM
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May. 30, 2013, 6:59 AM
Dec. 13, 2012, 9:44 AM
Dec. 10, 2012, 8:36 AMUltra Petroleum (UPL) agrees to sell a liquids gathering system in Wyoming's Pinedale field to CorEnergy Infrastructure Trust (CORR) for $225M. The LGS will continue to be operated by UPL under a long-term lease. Less than 25% of the Pinedale field, one of the top five natural gas fields in the U.S., has been developed. | Comment!
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