Financial terms of the joint venture were not disclosed, but KKR will provide equity. Monterra will own, develop, build and operate midstream infrastructure through greenfield and brownfield projects and assets.
Commercially operable Joliet Terminal can unload about 85,000 barrels per day of crude oil. There are about 300,000 barrels of onsite storage, and connections to common carrier crude oil pipeline.
Shell Midstream Partners LP will acquire additional interests in Zydeco Pipeline Co. LLC and Colonial Pipeline Co. for $448 million in a dropdown from Shell Pipeline Co. LP.
The acquisition of the industrial and commercial propane distributor was financed through JP Energy’s revolving credit facility and the issuance of about 267,000 common units.
LNG exports are an important future market for organizations’ members’ production, said Dena E. Wiggins, president and CEO of Natural Gas Supply Association. Both organizations are based in Washington, D.C.
The dropdown assets are Holdings’ Valley Wells sour gas gathering and treating system, compression assets in the Valley Wells and Lancaster gathering and treating systems and two NGL pipelines.
The $255 million dropdown transaction is subject to price adjustments. The Polar & Divide system has more than 295 miles of crude oil and produced-water pipelines running through North Dakota.
Hi-Crush Partners LP and ARB Midstream LLC entered definitive agreements to develop and operate Denver-Julesburg Basin and Permian Basin energy rail hubs. Each basin receives one rail hub.
Shell CEO Ben Van Beurden is in China discussing how Shell and BG Group merger won’t negatively affect China. But Shell/BG will have clout in global LNG market, Bloomberg said.
The natural gas pipeline's largest customers will be two Florida electric utilities – Duke Energy Florida and Florida Power & Light Co. – which contracted to buy capacity for 25-year initial terms.
Enable Midstream Partners LP completed the $80 million acquisition of natural gas gathering assets in Texas Panhandle from Monarch Natural Gas LLC. The assets are supported by 35,000 net acres.
PBF Energy Inc. (NYSE: PBF) is in discussions with its affiliated MLP to drop-down assets to increase the partnerships EBITDA, the company said April 30.
|Mid||USD 13800||Members only||Williams Partners LP|
|E&P||USD 75.2||Members only||Undisclosed|
|E&P||USD 0||Members only||Undisclosed|
|E&P||USD 17||Members only||Undisclosed|