Tag: Midstream
American Midstream merging with JP Energy creating $2 billion company
HOUSTON – American Midstream Partners, LP and JP Energy Partners LP announced a merger agreement to create a combined midstream platform, according to a press release. American Midstream will acquire 100 per cent of JP Energy in a unit-for-unit merger which is anticipated to have minimal, if any, tax recognition for the unitholders. In conjunction with the transaction, ArcLight […]
Enterprise begins natural gas processing plant service in Delaware Basin
Enterprise built approximately 90 miles of high-pressure gathering lines to supply South Eddy plant HOUSTON- Enterprise Products Partners L.P. today announced the start of commercial operations at the company’s new cryogenic natural gas processing facility in Eddy County, New Mexico. The South Eddy plant, which is supported by long-term, fee-based agreements, has a nameplate capacity of […]
Warren Equity, Multifuels establish new midstream oil/gas company
Multifuels will be targeting natural gas for power plants, petrochemical plants, industrial complexes, LNG export facilities A growing Texas economy and an expanding LNG export sector were the reasons behind the formation of a new Houston-based midstream company created by Warren Equity Partners and Multifuels, L.P. Multifuels, L.P. is contributing an existing natural gas pipeline that supplies a utility […]
EnLink completes acquisition of Tall Oak Midstream
“This region offers some of the best drilling economics in North America with low breakeven prices and active producer customers…” DALLAS, Texas – Enklink says it has completed the previously announced acquisition of certain subsidiaries of Oklahoma-based Tall Oak Midstream, LLC for $1.55 billion, subject to certain adjustments. “The acquisition of Tall Oak is consistent with […]
Ohio shale shows economic benefits beyond drilling, producing – study
“The intent of the research team is to provide current and transparent data in one place showing the wide range of opportunities that shale hydrocarbons may present to Ohio” A new report on the economic development opportunities offered by Ohio shale shows that shale development may present new business and job opportunities beyond traditional exploration […]
Kinder Morgan, TrailStone form Mexican natural gas marketing company
Kinder Morgan’s Texas Intrastate system will provide transportation, storage, gas supply to support Mexican operations HOUSTON – Kinder Morgan and TrailStone Group are creating a Mexican natural gas marketing company that will be sourced and supported by Texas producers and infrastructure, the companies announced Sunday. A subsidiary of Kinder Morgan, Inc. says it has signed a joint venture […]
Midstream segment boosts Q3 U.S. oil & gas deal activity
Most active shale play for M&A was Permian, which led in activity with seven deals worth $4.1 billion HOUSTON, TX, October 28, 2015 – Megadeals in the midstream segment dominated U.S. oil and gas deal value despite a slow-down in capital markets in the third quarter of 2015, according to PwC US. In total, there […]
Exxon Mobil beats analyst expectations, boosting production in Permian Basin
Exxon Mobil increasing crude processing capacity at Beaumont, Texas refinery by 20,000 b/d, secures more Permian Basin acreage Exxon Mobil Corp. (XOM) on Friday reported third-quarter earnings of $4.24 billion. The Irving, Texas-based company said it had profit of $1.01 per share. The results exceeded Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as […]
Sanchez Energy enhances liquidity with $345 million midstream asset sale
Sanchez Energy says lifting costs were $7.78/BOE for first half of 2015, lower than guidance range of $9 – $10/BOE Sanchez Energy Corp. is selling pipelines, gathering and compression assets in the Eagle Ford for $345 million, one more sign of hard times in the Texas oil patch. Houston-based Sanchez Energy Corp. announced earlier this week […]
Hess, Global Infrastructure team up on Bakken midstream joint venture
Hess says the sale proceeds leave it in a superior financial position Hess Corporation and Global Infrastructure Partners have completed their joint venture deal to create a midstream energy company to serve the Bakken shale play. On Wednesday, the companies announced the completed transaction, which includes the previously announced sale of a 50 per cent interest in […]
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