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Equity
6 Months Ended
Jun. 30, 2011
Equity  
Equity

10. Equity

 

Equity Offering

 

On January 14, 2011, the Partnership completed a public offering of approximately 3.45 million newly issued common units representing limited partner interests, which includes the full exercise of the underwriter’s over-allotment option. Net proceeds after deducting the underwriter’s fees and third-party offering expenses were approximately $138.2 million and were used to partially fund the Partnership’s ongoing capital expenditure program, including a portion of the costs associated with the Langley Acquisition (see Note 3).

 

Distributions of Available Cash

 

Quarter Ended

 

Distribution Per
Common Unit

 

Record Date

 

Payment Date

 

June 30, 2011

 

$

0.70

 

August 1, 2011

 

August 12, 2011

 

March 31, 2011

 

$

0.67

 

May 2, 2011

 

May 13, 2011

 

December 31, 2010

 

$

0.65

 

February 7, 2011

 

February 14, 2011