Noble Energy Partners to Purchase Texas Pipelines
3/6/2018
Noble Energy Partners today announced it has entered into an agreement to purchase a 19% equity interest in the Midstream Access Pipeline for a total consideration of approximately $15 million.
The Midstream Access Pipeline consists of a network of 90 miles of high and low-pressure pipelines in Upton and Midland counties, Texas. The Midstream Access Pipeline has a capacity of 1.2 Bcf/d and went online in 2015.
The company’s combined interests in the Midstream Access Pipeline gathering and transmission systems cover more than 10,000 square miles of active production in Texas.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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