Midstream

Sentinel Midstream Announces New Deepwater Crude Oil Export Facility

Retrieved on: 
Monday, February 11, 2019
Petroleum industry, Midstream, Oil storage, Petroleum transport, Liquids, Chemistry, Petroleum

DALLAS, Feb. 11, 2019 /PRNewswire/ --Sentinel Midstream has announced its planned development of Texas GulfLink, a proposed Deepwater Crude Oil Export Terminal, located near Freeport, Texas.

Key Points: 
  • DALLAS, Feb. 11, 2019 /PRNewswire/ --Sentinel Midstream has announced its planned development of Texas GulfLink, a proposed Deepwater Crude Oil Export Terminal, located near Freeport, Texas.
  • Over the past year, Sentinel Midstream developed Texas GulfLink in conjunction with multiple stakeholders, including federal, state, and local agencies.
  • Cresta Managing Partner Chris Rozzell said, "Sentinel has assembled the best-in-class team, with deep experience developing and operating deepwater export solutions.
  • Sentinel Midstream is headquartered in Dallas, Texas, offering first-class midstream solutions for crude oil gathering, storage, and terminaling.

Noble Midstream and Salt Creek Midstream Close Delaware Basin Joint Venture

Retrieved on: 
Friday, February 8, 2019
Energy, Oil, Gas, Energy, Petroleum industry, Carter County, Oklahoma, Economy of the Falkland Islands, Noble Energy, Midstream, Economy of the United States

Noble Midstream Partners LP (NYSE: NBLX) (Noble Midstream) and Salt Creek Midstream LLC (Salt Creek) today announced the closing of the previously announced 50/50 joint venture, Delaware Crossing LLC (Delaware Crossing).

Key Points: 
  • Noble Midstream Partners LP (NYSE: NBLX) (Noble Midstream) and Salt Creek Midstream LLC (Salt Creek) today announced the closing of the previously announced 50/50 joint venture, Delaware Crossing LLC (Delaware Crossing).
  • Vinson & Elkins LLP acted as outside legal counsel to Noble Midstream in connection with the joint venture.
  • Noble Midstream is a growth-oriented master limited partnership formed by Noble Energy, to own, operate, develop and acquire domestic midstream infrastructure assets.
  • Noble Midstream currently provides crude oil, natural gas, and water-related midstream services in the DJ Basin in Colorado and the Delaware Basin in Texas.

EPIC Announces Receipt of Final Regulatory Permits

Retrieved on: 
Wednesday, February 6, 2019
Energy, Oil, Gas, Petroleum industry, Midstream, Oil storage, Petroleum transport, Energy, Business

EPIC Midstream Holdings, LP (EPIC) today announced EPIC has received the Nationwide Permit 12 from the U.S. Army Corps of Engineers, signifying all federal and state regulatory agencies have approved both of EPICs NGL and Crude Oil Pipeline projects for final construction as well as placing the pipelines into full service.

Key Points: 
  • EPIC Midstream Holdings, LP (EPIC) today announced EPIC has received the Nationwide Permit 12 from the U.S. Army Corps of Engineers, signifying all federal and state regulatory agencies have approved both of EPICs NGL and Crude Oil Pipeline projects for final construction as well as placing the pipelines into full service.
  • EPIC was formed in 2017 to build, own, and operate midstream infrastructure in both the Permian and Eagle Ford Basins.
  • EPICs first two projects, the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline, will transport crude and NGL across Texas for delivery into the Corpus Christi market.
  • The EPIC Pipelines are backed by capital commitments from funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES).

Oasis Midstream Partners Announces Quarterly Distribution and Schedules Fourth Quarter 2018 Conference Call

Retrieved on: 
Tuesday, February 5, 2019
Periodicals, Magazines, Midstream, Publications

HOUSTON, Feb. 5, 2019 /PRNewswire/ --Oasis Midstream Partners LP (NYSE: OMP) ("Oasis Midstream" or the "Partnership") today declared a quarterly cash distribution of $0.45 per unit for the fourth quarter of 2018.

Key Points: 
  • HOUSTON, Feb. 5, 2019 /PRNewswire/ --Oasis Midstream Partners LP (NYSE: OMP) ("Oasis Midstream" or the "Partnership") today declared a quarterly cash distribution of $0.45 per unit for the fourth quarter of 2018.
  • The distribution will be paid on February 28, 2019, to all OMP unitholders of record at the close of business February 15, 2019.
  • The quarterly cash distribution is 5% higher than the cash distribution declared for the third quarter of 2018, and is in line with the Partnership's 20% annualized distribution growth target.
  • The Partnership will host a live webcast and conference call on Wednesday, February 27, 2019 at 11:30 a.m. Central Time to discuss Fourth Quarter and Year End 2018 financial and operational results.

Enable Midstream Announces Golden Pass as Cornerstone Shipper for Gulf Run Pipeline Project

Retrieved on: 
Tuesday, February 5, 2019
Energy, Oil, Gas, Natural gas, Fuels, Petroleum industry, Energy, Midstream, Oil storage, Petroleum transport, Business, Liquefied natural gas

Enable Midstream Partners, LP (NYSE: ENBL) today announced that an affiliate of Golden Pass LNG is the cornerstone shipper for the companys Gulf Run Pipeline project.

Key Points: 
  • Enable Midstream Partners, LP (NYSE: ENBL) today announced that an affiliate of Golden Pass LNG is the cornerstone shipper for the companys Gulf Run Pipeline project.
  • "We are excited to partner with a top-tier customer such as Golden Pass," said Enable Midstream president and CEO Rod Sailor.
  • Our agreement with Enable is a key component in securing transportation for our export facilitys natural gas supply, said Sean Ryan, president of Golden Pass LNG.
  • Golden Pass looks forward to a long-term relationship with Enable as we progress with our LNG export facility.

Cavalcade Midstream Announces Industry Veteran Tom Russell as Chief Financial Officer

Retrieved on: 
Tuesday, February 5, 2019
Energy, Oil, Gas, Professional services, Finance, Petroleum industry, Natural gas, Energy, Midstream, Oil storage, Petroleum transport, Business, Cavalcade

Cavalcade Midstream (Cavalcade), a full-service midstream company based in San Antonio, announced today that energy industry veteran Tom Russell has joined the executive team as Chief Financial Officer.

Key Points: 
  • Cavalcade Midstream (Cavalcade), a full-service midstream company based in San Antonio, announced today that energy industry veteran Tom Russell has joined the executive team as Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20190205005297/en/
    Russell comes to Cavalcade with nearly 30 years of experience in the oil and gas industry, primarily in the midstream and refining sectors.
  • Hunter, Ross and I have had the privilege of working with Tom for several years, and we are honored that he has joined our team as Chief Financial Officer, said Rich Reynolds, Cavalcade Chief Executive Officer.
  • We look forward to working with Tom and growing Cavalcade into a premier midstream provider.

Goodnight Midstream Places Llano and Rattlesnake Pipeline Systems into Service

Retrieved on: 
Tuesday, February 5, 2019
Petroleum industry, Midstream, Oil storage, Petroleum transport, Energy, Business

DALLAS, Feb. 5, 2019 /PRNewswire/ --Goodnight Midstream, LLC, a leading midstream produced water infrastructure company, announced today it placed two high-pressure, trans-basin produced water pipelines into commercial service with a combined pipeline throughput capacity of 600,000 barrels of produced water per day.

Key Points: 
  • DALLAS, Feb. 5, 2019 /PRNewswire/ --Goodnight Midstream, LLC, a leading midstream produced water infrastructure company, announced today it placed two high-pressure, trans-basin produced water pipelines into commercial service with a combined pipeline throughput capacity of 600,000 barrels of produced water per day.
  • The Llano gathering system, located in Lea County, New Mexico, consists of 45 miles of pipeline initially connected to three disposal processing facilities.
  • The Rattlesnake system provides produced water takeaway for Goodnight's customers in Ward County, Texas, and includes 25 miles of pipeline.
  • "With our first two trans-basin pipeline systems operational, Goodnight Midstream can provide reliable and secure produced water transportation services for our customers operating in the Delaware Basin," said Patrick Walker, Chief Executive Officer.

EPIC Announces Option Exercise by Affiliates of Noble Energy Inc., Apache Corporation and Diamondback Energy in Both the EPIC Crude and NGL Pipelines

Retrieved on: 
Monday, February 4, 2019
Energy, Oil, Gas, Petroleum industry, Companies, Business, Midstream, Oil storage, Petroleum transport, Ares Management, Master limited partnership

EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Ford Basins.

Key Points: 
  • EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Ford Basins.
  • EPICs first two projects, the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline, will transport crude and NGL across Texas for delivery into the Corpus Christi market.
  • The EPIC Pipelines are backed by capital commitments from funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES).
  • Noble Midstream is a growth-oriented master limited partnership formed by Noble Energy, to own, operate, develop and acquire domestic midstream infrastructure assets.

Noble Midstream Partners Exercises Options to Invest in the EPIC Crude and EPIC Y-Grade Pipelines

Retrieved on: 
Monday, February 4, 2019
Energy, Oil, Gas, Petroleum industry, Energy, Midstream, Oil storage, Petroleum transport, Business, Noble Energy, SemGroup

Noble Midstream Partners LP (NYSE: NBLX) (the Partnership or Noble Midstream) today announced it has exercised and closed its option with EPIC Midstream Holdings, LP (EPIC) to acquire a 15% equity interest in the EPIC Y-Grade Pipeline.

Key Points: 
  • Noble Midstream Partners LP (NYSE: NBLX) (the Partnership or Noble Midstream) today announced it has exercised and closed its option with EPIC Midstream Holdings, LP (EPIC) to acquire a 15% equity interest in the EPIC Y-Grade Pipeline.
  • In addition, Noble Energy, Inc. (NYSE: NBL) has assigned Noble Midstream its option to acquire a 30% equity interest in the EPIC Crude Oil Pipeline and Noble Midstream has exercised its option with EPIC.
  • Noble Midstreams total cash equity investment is anticipated to be approximately $165 to $180 million for the EPIC Y-Grade Pipeline and $330 to $350 million for the EPIC Crude Oil Pipeline.
  • Noble Midstream intends to fund its equity investment with its revolving credit facility and is exploring a private co-investment in the EPIC Crude Oil Pipeline.

Pembina Pipeline Corporation Approves Phase VIII Peace Pipeline Expansion

Retrieved on: 
Friday, February 1, 2019
Petroleum industry, S&P/TSX 60 Index, Energy, Pembina Pipeline, Pembina, Freight transport, Midstream

CALGARY, Alberta, Feb. 1, 2019 /PRNewswire/ -- Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has approved an additional expansion of its Peace Pipeline system ("Phase VIII"), which will accommodate incremental customer demand in the Montney area by debottlenecking constraints, accessing downstream capacity, and further enhancing product segregation on the system.

Key Points: 
  • CALGARY, Alberta, Feb. 1, 2019 /PRNewswire/ -- Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has approved an additional expansion of its Peace Pipeline system ("Phase VIII"), which will accommodate incremental customer demand in the Montney area by debottlenecking constraints, accessing downstream capacity, and further enhancing product segregation on the system.
  • Phase VIII will enable segregated pipeline service for ethane-plus and propane-plus NGL mix from the central Montney area at Gordondale, Alberta, into the Edmonton area for market delivery.
  • "The Phase VIII expansion is an exciting development as we are nearing our ultimate goal of achieving full product segregation along the entire Peace Pipeline system," said Jason Wiun, Pembina's Senior Vice President and Chief Operating Officer, Pipelines.
  • Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years.