The Newest Twist in U.S. Energy Has Roots in the Past
The limited partnership is set to transform U.S. oil and gas.
Stock Strategist
Mentioned: BreitBurn Energy Partners LP (BBEPQ)
, Dominion Energy Inc (D)
, DTE Energy Co (DTE)
, Whiting Petroleum Corp (WLL)
, Atlas Energy Resources, LLC (ATN)
, EXCO Resources Inc (EXCE)
, XTO Energy, Inc. (XTO)
, Encore Acquisition Company (EAC)
, Pioneer Natural Resources Co (PXD)
, APA Corp (APA)
The U.S. oil and gas industry is abuzz with a new phenomenon: the upstream limited partnership. But putting upstream (exploring, developing, and producing) oil and gas assets in a yield-based, tax-exempt structure isn't an entirely new idea. Here we will detail the history of these structures to highlight their benefits, risks, and broader industry implications.
Kish Patel does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.