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Cypress Energy Partners, L.P. Stock Quote & Summary Data

CELP 
$14.5
*  
0.14
0.96%
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*Delayed - data as of Dec. 24, 2014  -  Find a broker to begin trading CELP now
Exchange: NYSE
Industry: Energy
Community Rating:
 
 
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Company Description (as filed with the SEC)

Cypress Energy Partners, L.P. was formed on September 19, 2013 to provide saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies and to provide independent pipeline inspection and integrity services to producers and pipeline companies. As of December 31, 2013, Cypress Energy Holdings II, LLC (“Holdings II”) owned 100% of the limited partner interest in the Partnership, a 100% interest in our general partner and 100% of the member interest in Cypress LLC. Holdings II is owned 100% by Cypress Holdings. The Partnership had no operating activities for the period from inception through December 31, 2013 outside of costs incurred in relation to our new credit agreement and our initial public offering. On January 21, 2014, the Partnership completed its IPO. At the closing of the IPO, Holdings II conveyed its 100% member interest in Cypress LLC to the Partnership in exchange for (a) an aggregate 47.  ... More ...  

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