KKR, Mexico’s Monterra Form Midstream Investment JV

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. 

Fri, 05/15/2015 - 10:57

Arc Logistics Partners Completes Joliet Bulk Acquisition

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. 

Fri, 05/15/2015 - 08:29

Shell Midstream Will Acquire Zydeco, Colonial Pipeline Interests

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. 

Thu, 05/14/2015 - 17:05

JP Energy Partners Closes Southern Propane Acquisition

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.

Mon, 05/11/2015 - 09:38

Natural Gas Supply Association, Center For Liquefied Natural Gas Will Combine

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. 

Fri, 05/08/2015 - 12:05

Southcross Closes Eagle Ford Asset Dropdown

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.

Fri, 05/08/2015 - 09:11

Bison Midstream Will Acquire Summit Midstream Subsidiaries’ Interests

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.

Thu, 05/07/2015 - 15:05

Partnership Formed To Develop Permian, D-J Basin Rail Hubs

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.

Wed, 05/06/2015 - 16:39

Shell CEO Seeks Approval From China For Shell/BG Merger

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.

Wed, 05/06/2015 - 11:24

Duke Energy Buys Stake In Sabal Trail Pipeline

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.

Tue, 05/05/2015 - 17:17

Enable Completes Texas Panhandle Gas Gathering Acquisition

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.

Mon, 05/04/2015 - 12:21

PBF Energy In Talks With Affiliate For Midstream Dropdown

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.

Darren Barbee
Thu, 04/30/2015 - 15:33