Crestwood

The initial buildout of the Nautilus gas gathering system in the Permian’s Delaware sub-basin is complete and the system has begun flowing gas, Crestwood Equity Partners LP said. The system includes 20 receipt point meters, 60 miles of pipeline, a 24-mile high-pressure header system, 10,800 hp of compression and a high-pressure delivery point. It is owned by Crestwood Permian Basin Holdings LLC, a joint venture of Crestwood and private equity firm First Reserve. Last September, Crestwood made a long-term agreement with SWEPI LP, a unit of Royal Dutch Shell plc, to construct, own and operate a gathering system in Shell’s operating position in the Delaware. Nautilus is designed to serve a dedication area of about 100,000 acres across Loving, Reeves and Ward counties, TX. It is expected to ultimately include 194 miles of low-pressure gathering lines, 36 miles of high-pressure trunklines and centralized compression facilities, which would be expandable as production increases, providing gathering capacity of at least 250 MMcf/d.

The general partner ofPennTex Midstream Partners LP has recommended that its unitholders accept a tender offer of $20/unit from Energy Transfer Partners LP (ETP) for all of the partnership’s outstanding common units. PennTex has assets in North Louisiana. Last fall, ETPannounced a $640 million deal to acquire an interest in the assets, which serve Range Resources Corp., among other producers. PennTex received the unsolicited offer from ETP last month.

More natural gas processing capacity and pipeline takeaway are underway in the Permian Basin under an infrastructure agreement between Crestwood Equity Partners LP and First Reserve.

An affiliate of Royal Dutch Shell plc has snagged long-term agreements with two midstream operators to build and operate natural gas gathering systems in West Texas across part of the supermajor’s Permian Basin Delaware acreage.

Crestwood Equity Partners LP and Consolidated Edison Inc. announced Thursday a joint venture (JV) in which Crestwood would contribute its natural gas pipeline and storage business in Northern Pennsylvania and Southern New York to a new company that will pair Marcellus Shale gas with high-demand markets in the Northeast.

Crestwood Equity Partners LP and Consolidated Edison Inc. announced Thursday a joint venture (JV) in which Crestwood would contribute its natural gas pipeline and storage business in Northern Pennsylvania and Southern New York to a new company that will pair Marcellus Shale gas with high-demand markets in the Northeast.

Prospective customers have stepped up for a sufficient amount of firm capacity on a proposed 30-mile extension of the Central New York Oil & Gas Co. LLC (CNYOG) pipeline system during a nonbinding open season, CNYOG parent Crestwood Midstream Partners LP said Monday.

Century Midstream LLC, whose focus primarily will be to develop and expand emerging liquids plays across North America, was launched Wednesday by private equity energy firm First Reserve Corp. and a team of seasoned midstream veterans.

Crosstex Energy Inc. and former management of Enerven Compression Services are forming a company called E2 that will serve Utica Shale producers with natural gas compression and condensate stabilization facilities for their liquids-rich production.