Building on an already strong relationship in Ohio’s Utica Shale, Rice Energy Inc. and Gulfport Energy Corp. have agreed to spend $640 million under a midstream joint venture (JV) aimed at supporting Gulfport’s growing dry natural gas production in Belmont and Monroe counties.
Midstream
Articles from Midstream
New Gathering, Processing Planned For Sanchez’s Catarina
Sanchez Energy Corp. (SN) has struck joint venture (JV) agreements with Targa Resources Partners LP for construction of a cryogenic natural gas processing plant and associated high-pressure gathering pipelines near the producer’s Catarina asset in the Eagle Ford Shale.
Williams Joins Northern Utica NatGas Processing Partnership
Pennant Midstream LLC, which provides natural gas gathering and processing services in the Utica Shale’s northern tier, said Monday that a Williams Partners LP affiliate has acquired a 5% ownership interest in the facilities it owns.
Capacity Offered on New Crude Pipeline From Delaware Basin
Oryx Southern Delaware Oil Gathering and Transport LLC is holding a binding open season through Oct. 29 for the Oryx Trans Permian pipeline system (OTP), now under construction which will gather and transport crude oil from the southern Delaware Basin in Texas. It’s an area where production has been growing and infrastructure expanding.
Navitas Acquires Midstream Assets in Texas From DCP
Navitas Midstream Partners LLC has acquired natural gas gathering and processing assets in three Texas counties in the Midland Basin from a subsidiary of DCP Midstream LLC for an undisclosed sum.
WPX Sells Van Hook Gathering System for $185M
WPX Energy Inc., which has been retooling its onshore portfolio for the past two years, on Monday agreed to take $185 million for a North Dakota system in the Van Hook peninsula area that gathers natural gas, oil and water.
BP, DCP Execs See More Energy Industry Consolidation Coming
It’s only a matter of months before consolidation quickens across the oil and natural gas complex, two top energy veterans told a Denver audience Tuesday at the 27th Annual Rocky Mountain Energy Summit.
Newly Formed Evolution Midstream Secures $300M Equity Commitment
Denver’s Evolution Midstream LLC, launched in July to provide integrated solutions across the onshore, has secured $300 million from a Texas private equity firm and management.
Dominion Midstream Increases Stake In Iroquois For $286.5M
Dominion Midstream Partners LP has agreed to acquire the 25.93% interest in Iroquois Gas Transmission System LP owned by utilities National Grid plc and New Jersey Resources Corp. in an all stock deal valued at $286.5 million.
Tesoro Expands Gas Operations with QEP Midstream Merger
Tesoro Logistics LP (TLLP) and QEP Midstream Partners LP on Wednesday completed their merger, which last year was valued at $2.5 billion (see Shale Daily,Oct. 20, 2014).