Midstream - Pipelines | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Private Equity Activity
American Midstream Partners Bakken System Update; JP Energy Merger Update
American Midstream Partners provided the following update.
Bakken System
In the fourth quarter, the Partnership expanded crude oil marketing as well as commissioned hydrogen sulfide removal capabilites at its Bakken gathering system. These expanded service offerings were in preparation for increased drilling in the Partnership’s operating areas that are expected to create new volumes on the system.
Providing further optionality, AMID has entered into a connection agreement with Dakota Access Pipeline. The 1,172-mile 30-inch pipeline will extend from the Bakken formation production area in North Dakota to Patoka, Illinois. Through the expansion of our service offerings and ability to provide critical infrastructure, the Partnership offers customers further optionality and additional…
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