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Energy

Encore Files Large Shelf Registration (ENP, EAC)

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By Douglas A. McIntyre Updated Published
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Oil_well_logo_2Encore Energy Partners LP (NYSE: ENP) has filed a shelf registration to sell up to $1,000,000,000.00 in securities for its units.  It will sell common units representing limited partner interests in Encore Energy Partners LP and debt securities of Encore Energy Partners LP and Encore Energy Partners Finance Corporation.

This is a Delaware limited partnership formed in February 2007 by EACto acquire, exploit and develop oil and natural gas properties and toacquire, own and operate related assets. Its primary business objectiveis to make quarterly cash distributions to unitholders at currentdistribution rates and to increase those quarterly cash distributionsover time.  Its assets consist primarily of producing and non-producingoil and natural gas properties in the Big Horn Basin of Wyoming andMontana, the Permian Basin of West Texas, and the Williston Basin ofNorth Dakota.

Encore Energy Partners has a current market cap of $692 million.  At$22.08 on the close, it is in the middle of its $16.56 to $28.73trading range over the last 52-weeks.

Encore Acquisition Company (NYSE: EAC) is the ultimate parent company of the general partner and its subsidiaries.

Jon C. Ogg
October 1, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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