Midstream

American Midstream Partners LP notified FERC on Thursday that it has reached a settlement over plans to abandon its 88-year-old Midla pipeline system in Louisiana and Mississippi.

WGL Midstream has struck a deal to sell up to 430,000 Dth/d of natural gas to GAIL Global (USA) LNG LLC (GGULL) for 20 years. The gas is to be liquefied and exported from the Dominion Cove Point LNG terminal, where GAIL holds capacity, to supply markets in India.

Adding to a string of acquisitions over the past year, Denver-based American Midstream Partners LP on Tuesday completed a $470 million deal to acquire Dallas-based Costar Midstream LLC, boosting its natural gas gathering abilities in the Permian Basin and in East Texas, and giving it leverage in the oil-rich Bakken Shale.

Dominion Resources Inc. announced terms earlier this week for its midstream master limited partnership (MLP), which would own the Cove Point liquefied natural gas (LNG) terminal in Maryland. Dominion said it expects to raise more than $400 million in an initial public offering (IPO).

Consol Energy Inc. and Noble Energy Inc.’s bid to take their midstream assets public paid off in a big way Thursday. The market debut found their master limited partnership (MLP) raising more than expected, and shares skyrocketed in a nod of confidence for one of the largest midstream systems yet to go public in the Appalachian Basin.

Hess Corp. subsidiary Hess Midstream Partners LP has filed paperwork with federal regulators for an initial public offering (IPO) to launch in 1Q2015.

EV Energy Partners LP (EVEP) and Total E&P USA said Tuesday that they have agreed to sell their interests in Cardinal Gas Services LLC for a combined sale price of $562 million in a deal that is expected to close next month.

Consol Energy Inc. and Noble Energy Inc. have filed paperwork with federal regulators for an initial public offering (IPO) in a master limited partnership (MLP) that will provide midstream services for the companies’ joint operations in the Marcellus Shale.

A group of midstream industry veterans thinks there are plenty of infrastructure opportunities left in the Permian Basin, as well as in East Texas and Oklahoma. They recently formed Vaquero Midstream LLC and secured backing from Yorktown Energy Partners LLC to go after them.