Tall Oak Midstream, LLC today announced that its founders have formed Tall Oak Midstream III, LLC with an initial equity commitment of up to $200 million from private equity firm EnCap Flatrock Midstream and Tall Oak management. The new company will pursue midstream opportunities across North America, outside the Northwest STACK. Tall Oak III is led by Tall Oak Midstream’s four founders: President and CEO Ryan Lewellyn; Chief Commercial Officer Carlos P. Evans; Chief Financial Officer Max J. Myers; and Chief Operating Officer Lindel R. Larison. In January 2016, Tall Oak sold its first venture to EnLink for $1.55 […]
According to a study conducted by Freedonia, demand for equipment used in midstream oil and gas applications in the US is projected to decline to $10.5 billion in 2019 as low oil and gas prices limit production growth and America’s midstream infrastructure becomes better adapted to the recent shifts in energy production within the country. While demand will be significantly lower in 2016, the market for midstream equipment is expected to return to healthy levels of demand by 2019. Spending on equipment for use in crude by rail and gas processing plants will both fall from elevated 2014 […]
Align Midstream Partners closed on the acquisition of a 100 MMcf/d natural gas processing facility and a 51-mile trunk line system from Azure Midstream Partners for $44.9 million. Panola I is a cryogenic gas processing plant located in Panola County, TX that has access to five residue gas pipelines and the Enterprise Panola NGL Pipeline. The Murvaul trunkline system connects Align’s current system to Panola I, and provides a 12-inch, high-pressure trunk line southwest toward Rusk County. “With the addition of Panola I, we’re excited to offer our customers a full suite of midstream services,” […]
General partner EnLink Midstream and NGP Natural Resources XI formed a joint venture to operate and expand natural gas, natural gas liquids and crude oil midstream assets in the liquids-rich Delaware Basin. The new Lobo II expansion will include a cryogenic natural gas processing facility with capacity up to 120 MMcf/d and associated natural gas and liquids gathering pipeline infrastructure in Loving County, TX, and Eddy and Lea counties, New Mexico. “The experience and expertise of EnLink and NGP are highly complementary, reinforcing our commitment to maintaining our strong balance sheet, while providing financial flexibility […]
Centurion Midstream Group acquired Permian Crude Transport, a growing provider of integrated crude logistics services with operations throughout the Permian Basin. PCT will operate as a separate, wholly owned subsidiary of Centurion, and Jarrett Vick will remain as its president. “Permian Crude Transport has an impressive track record for growth that will fit with our significant investment in West Texas storage, pipeline and rail assets,” said Tom Ramsey, CEO of Centurion. “The platform that PCT provides for the mid- and back-office operations will allow us to grow in the most efficient manner.
J-W Energy Company closed on the sale of substantially all of its midstream, and oil and gas assets to affiliates of Aethon United. The assets in the transaction are located mainly in the North Louisiana and North Texas areas and are comprised of about 95,000 net acres, and 380 miles of associated gathering and processing infrastructure. The sale represents an exit from the upstream and midstream business by J-W Energy, which will continue to own its large, privately-held compression fleet through subsidiary J-W Power Company. During the past 10 years, J-W Energy has also sold […]
ITC Pipeline Company announced it launched an open season for a new petroleum products pipeline system south of Houston in Pasadena, TX. The system consists of two 36-inch injecting pipelines and two 16-inch return lines running 1.7 miles between a terminal and interconnections with Colonial and Explorer pipelines and a 16-inch pipeline, running 3.8 miles between the terminal and an interconnection in Pasadena. The system is scheduled to begin service in the third quarter of 2016. ITC is seeking shippers interested in makin long-term dedication commitments to use the system. In return, dedicated shippers will […]
DES MOINES, Iowa (AP) — Discovery of an archaeological site that may have cultural significance to Native Americans could further delay construction of a $3.8 billion oil pipeline if government officials require the route to be moved. Houston-based Dakota Access LLC wants to build the pipeline — designed to carry a half-million barrels of oil a day — from northwest North Dakota to a storage facility in south-central Illinois. Construction has begun in North Dakota, South Dakota and Illinois, but the Iowa Utilities Board has not authorized work to begin. On Friday, Iowa State Archaeologist […]
Stan Horton has seen it all during his 40 years in the natural gas industry: the historic unbundling of the pipelines; shortages and perceived shortages of the commodity; the downfall of once-mighty Enron Corp.; the shale revolution; and the periodic, nerve-wracking up-and-down cycles where natural gas seemed to be either too expensive to buy or too cheap to produce. Nothing shocks this native Floridian and CEO, president and director of Boardwalk Pipeline Partners LP, an increasingly active midstream company that has a $1.6 billion program of construction projects underway. Yes, even though the oil and...
SEATTLE (AP) — Canada energy regulators on Thursday recommended approval of a pipeline-expansion project that would dramatically increase the number of oil tankers moving through the waters between the U.S. and Canada. The National Energy Board recommended the federal government conditionally approve Kinder Morgan Canada’s plan to nearly triple pipeline capacity from 300,000 to 890,000 barrels of crude oil a day. The $5.4 billion Trans Mountain project would carry oil from Alberta’s oil sands to near Vancouver, British Columbia, to be loaded onto tankers for export to Asian and U.S. markets. It would increase vessel […]
ABERDEEN, S.D. (AP) — Construction is underway in three of four states on a $3.8 billion pipeline that will carry oil from western North Dakota to Illinois. Work on the Dakota Access Pipeline has begun in North Dakota, South Dakota and Illinois, spokeswoman Lisa Dillinger told the American News (http://bit.ly/1WGgmwu ). The 1,150-mile pipeline also will cross Iowa, but regulators there declined this week to act quickly on a request to allow Texas-based Energy Transfer Partners to begin construction in that state. The pipeline will carry nearly half a million barrels of crude from western […]
Oryx Midstream Services subsidiary Oryx Southern Delaware Oil Gathering and Transport launched an additional binding open season to secure volume commitments and acreage dedications in support of the extension of the Oryx Trans Permian (OTP) pipeline system. The crude oil gathering and transportation system serves the liquids-rich southern Delaware Basin in Texas. The open season concludes at 5 p.m. CDT on June 17. The proposed extension is supported by two producers that operate about 50,000 acres in Reeves and Ward counties. It will consist of 120 miles of new pipeline and connect to Oryx’s existing […]