Medallion Pipeline Co. LLC is gauging support in expanding a Permian Basin crude system in the Midland sub-basin of West Texas.
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Medallion Pipeline Co. LLC is holding a binding open season through Aug. 16 to test support for shipping capacity from the Permian Basin on an oil pipeline owned by Epic Crude Pipeline LP.
Bridger Pipeline LLC, with affiliates Liberty Pipeline LLC and Red Oak Pipeline LLC, have extended an open season for commitments to carry Lower 48 crude from the Midcontinent and Permian Basin to the Texas coast.
Medallion Pipeline Co. LLC is testing support through mid August for a major upgrade to its crude oil pipeline system in the Permian Basin, which could result in expanding six segments.
An affiliate of infrastructure investor Global Infrastructure Partners (GIP) agreed Monday to pay $1.825 billion-plus to buy Medallion Gathering & Processing LLC (MGP), which owns the largest privately held crude oil transportation system in the Permian Basin’s Midland sub-basin.
Medallion Pipeline Co. LLC is pulling the trigger on crude oil pipeline expansions in the Permian Basin’s Midland sub-basin following a successful open season, and has launched a supplemental open season based on interest from potential shippers.
Midstream companies are working hard to keep up with the red-hot Permian Basin. A pair of open seasons for crude oil pipelines servicing the Permian’s Midland sub-basin were announced this week, which together could add a combined 410,000 b/d of capacity out of the play.