Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.
The pipeline will move 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La., and El Dorado, Ark. The joint venture between the companies creates Caddo Pipeline LLC.
The pipeline transports condensate from DeWitt County, Texas, to the Port of Victoria. It handles about 50 Mbbl/d. The dropdown transaction’s total cost ranges between $210 million and $220 million.
The pipeline will be part of the RIO midstream and downstream system. The RIO system’s rail facility is near Loving, N.M.
The $600 million transaction was for natural gas gathering and processing facilities, including three cryogenic gas processing plants and a gas gathering pipeline system that Coronado owns in the Permian Basin.
EQT Midstream will acquire the Northern West Virginia Marcellus Gathering System belonging to its parent company, and a preferred interest in an EQT subsidiary, Reuters said.
Morgan Stanley Infrastructure Partners sent offering documents to potential bidders.
Western Gas Partners acquired a 50% interest in the Delaware Basin joint venture gathering system from Anadarko.
Tallgrass Energy Partners closed on the acquisition of an additional 33.3% interest in Tallgrass Pony Express Pipeline.
Azure Midstream Energy LLC announced the successful completion of its acquisition of Marlin Midstream GP LLC.
Atlas Energy LP and Atlas Pipeline Partners LP completed Targa Resources mergers.
Valero Energy Partners, based in San Antonio, will receive the outstanding membership interests in Valero Partners Houston LLC and Valero Partners Louisiana LLC.
|E&P||USD 218||Members only||Southwestern Energy Co.|
|Mid||USD 500||Members only||Southwestern Energy Co.|
|Mid||USD 0||Members only||Saddlehorn Pipeline Co.|
|E&P||USD 587.5||Members only||Beaumont Energy Inc.|