Royal Dutch Shell said it will sell shares in a U.S. pipeline business in the second half of this year.
Shell Midstream Partners LP’s assets are expected to consist of ownership interests in four onshore and offshore pipelines located primarily in Texas and Louisiana, according to a statement today. The Houston-based company will trade on the New York Stock Exchange.
Pipeline companies structured as tax-exempt master limited partnerships, or MLPs, have attracted investors by returning almost all their income to shareholders. Pipeline operators are also benefiting from the boom in North America’s oil and gas production from shale fields.
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