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Medallion Pipeline: Wolfcamp Connector and Howard Lateral Update
06/22/2017
Medallion Pipeline successfully closed its binding open season for capacity extensions of Wolfcamp Connector and Howard Lateral.
Wolfcamp Connector’s capacity will be increased from 105,000 bpd to 200,000 bpd, and the capacity of the Howard Lateral will rise from 60,000 bpd to 85,000 bpd.
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SCOOP/STACK Midstream Developments. Pipeline Projects Driving Gas Prices. Challenge of Getting Water for Fracking
Pipeline Projects Continue Influence the Industry: its capacities, pricing and technologies
Louisiana: in Top U.S. NG Producing States. Some Grow Faster
Louisiana has a share of 6.6% of national NG production. Its production decline reflects growth shifting to Pennsylvania and Ohio.
Rangeland Energy has agreed to sell Rangeland Midstream Canada to Kingston Midstream Alberta and remains committed to future Canadian midstream investments. Texas-based Rangeland Energy, supported by financial partner EnCap Flatrock Midstream, has inked a deal to sell its Canadian subsidiary, Rangeland Midstream Canada Ltd., to Calgary's Kingston Midstream Alberta Ltd. for cash.
The merger between ONEOK and Magellan received approval from Magellan shareholders, securing just 55% of the total votes at Magellan’s meeting on Sept. 21. ONEOK Inc. has successfully concluded the acquisition of Magellan Midstream Partners LP on Sept. 25. The deal will bring together their respective assets and expertise, resulting in a powerful entity boasting an extensive network of approximately 25,000 miles of pipelines primarily focused on transporting liquids.
Viper Energy's deal, comprised of cash and equity, secures an additional 2,800 net royalty acres in the Midland Basin and 1,800 in the Delaware Basin. Viper Energy Partners LP, a Diamondback Energy Inc. subsidiary, has inked a deal to acquire mineral and royalty interests in the Permian Basin. The deal, valued at around $1 billion, is with Warwick Capital Partners and GRP Energy Capital. Viper was established by Diamondback with the purpose of owning, purchasing, and capitalizing on oil and natural gas assets in North America, specifically targeting mineral and royalty interests.