Crestwood Equity Partners LP said its acquisition of Oasis Midstream Partners LP, coupled with robust natural gas and oil prices, helped it drive strong first-quarter results. The Houston-based company expects continued momentum. It said key gathering and processing assets leveraged to higher producer activity in the Williston, Delaware and Powder River Basins in the second…
Crestwood
Articles from Crestwood
Crestwood Expanding in Williston, Permian with $1.8B Oasis Midstream Takeover
Crestwood Equity Partners LP said Tuesday it has agreed to pay $1.8 billion in equity and cash, including debt, for Oasis Midstream Partners LP, expanding its foothold in two of the Lower 48’s prized oil basins. The deal expands Crestwood’s midstream footprint in the Williston Basin and the Permian Basin’s Delaware sub-basin. The firms said…
October 26, 2021
After Tough Start for Year, Crestwood’s Bakken System Sets Records in Fourth Quarter
After a partial shut in during early 2020 amid reduced producer activity, Crestwood Equity Partners LP’s Arrow system in the Bakken Shale achieved record volumes in natural gas, crude and water in the final quarter of the year, with “a lot more activity” expected in 2021, according to management. “The Bakken play remains extremely economic…
March 2, 2021
Crestwood Sees Renewed Bakken, Permian Activity Driving 4Q Volumes
Crestwood Equity Partners LP expects to finish out 2020 on record footing as a resumption of normal operations in core areas of the Bakken Shale and Permian Basin drive higher volumes of natural gas, oil and water. The Northeast also has “good potential for growth” as business in the challenging environment has stabilized, and prospects…
October 28, 2020
Crestwood Banks on New NGL Assets, Leaner Structure in Driving 2020 Growth
Crestwood Equity Partners LP is offering incentive rates across its midstream portfolio in order to generate revenue, but management expects the natural gas liquids (NGL) storage and rail-to-truck liquid petroleum gas (LPG) terminal assets that it recently acquired to be the largest contributor to a projected 3% year/year increase in earnings this year.
May 6, 2020
Crestwood Eyeing Midstream Projects in Bakken, PRB After Record 3Q Volumes
After setting fresh highs in gathering volumes on its Jackalope natural gas gathering and processing (G&P) system in Wyoming earlier in October, Crestwood Equity Partners LP is looking to add incremental dedications to the system.
October 29, 2019
Crestwood Extends Bakken Contracts as North Dakota NGL Plant Starts Up
Crestwood Equity Partners LP has renegotiated extended long-term contracts with producers and shippers as it launches operations at the 120 MMcf/d Bear Den II natural gas liquids (NGL) processing plant in Watford City, ND.
August 14, 2019
Crestwood Doubles PRB Position in $485M Midstream Acquisition
Crestwood Equity Partners LP has taken full ownership of a natural gas gathering and processing system in Wyoming after acquiring the other half stake from Williams for $485 million as it looks to capitalize on resurgent unconventional development in the Powder River Basin (PRB).
April 11, 2019
Crestwood Takes Control of PRB System in $485M Deal with Williams
Crestwood Equity Partners LP has taken full ownership of the Jackalope Gas Gathering System and Bucking Horse Processing Plant in Converse County, WY, after acquiring the other half stake from Williams for $485 million in cash.
April 10, 2019
Crestwood Raising Capex on Growing Permian, PRB Footprint
Crestwood Equity Partners LP is increasing its capital spending to reflect its growing interests in the hot spot Delaware sub-basin of the Permian Basin and in the Powder River Basin (PRB) of Wyoming, the company said Tuesday.
July 31, 2018
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