Midstream - Pipelines | Capital Markets | Private Equity Activity
Medallion Launches Open Season for Wolfcamp and Howard Expansions
Print
|
Medallion Pipeline Company, LLC today announced a binding open season to solicit long-term firm shipper commitments for a major expansion of its existing crude oil pipeline system in the Midland Basin (the “Expansion”). The Expansion will consist of two parts: the Wolfcamp Expansion, which will nearly double the capacity of Medallion’s existing Wolfcamp Connector mainline; and the Howard Expansion, which will increase the capacity of the existing Howard Lateral. Through these projects Medallion will provide much-needed capacity to transport crude oil produced in the Midland Basin to downstream pipelines and markets. The open season begins on Monday, May 16, 2017 and ends at 5:00 pm CDT Friday, June 9, 2017.
The Wolfcamp Expansion consists of a 16-inch partial loop of the Wolfcamp Connector mainline in Howard, Glasscock, Mitchell and Scurry counties, Texas. The Wolfcamp Expansion will commence at the existing Howard-Wolfcamp Interconnect and extend 47 miles to the Colorado City Hub, where Medallion interconnects with several third-party carriers. The Wolfcamp Expansion will increase the existing capacity on the Wolfcamp Connector mainline from 105,000 barrels per day to 200,000 barrels per day and provide firm shippers on the Wolfcamp Connector with multiple options for the receipt and delivery of crude oil.
More Midstream - Open Season News
With Permit Rescinded, TC Energy Cancels Keystone XL Open Season
TC Energy Corp. has cancelled an open season launched on January 6, 2021 to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from…
Oryx Holds Open Season for Delaware Oil Pipeline Expansion
Oryx Midstream subsidiary Oryx Delaware Oil Transport LLC (ODOT) has launched a binding open season to obtain volume commitments to support a proposed expansion of a portion of…
Tallgrass Holds Open Season for Powder River Iron Horse Pipeline
Tallgrass Energy, LP has announced a binding open season soliciting shipper commitments for crude oil transportation under a joint tariff between Pony Express Pipeline and the Iron Horse…
Medallion Assessing Demand for Potential Midland Pipeline Expansion
Medallion Pipeline Company, LLC is holding a binding open season to solicit long-term, firm shipper commitments for an expansion of its crude oil pipeline system in the Midland…
Salt Creek Midstream Launches Open Season for Delaware Pipeline
SCM Crude LLC, a wholly-owned subsidiary of Salt Creek Midstream, LLC, announced its binding open season to solicit binding commitments for priority (firm) crude oil interstate gathering and…
Permian - Northern Midland Basin News
EP Energy 2018 Drilling Program; Shifts Focus Back to Eagle Ford
EP Energy provided the following 2018 guidance. The company continues to struggle with a $4.0 billion debt, however we still expect to see a 2% increase in production.…
Matador, San Mateo Sign Crude Transport Agreement with Plains
MatadorResources and its JV Parnter San Mateo Midstream has signed a crude oil transport agreement with Plains All American Pipeline. The aggreement will see Plains construct a mainline…
Parsley to Reduce 2H17 Completion Activity; Wolfcamp A & C Delineation
Parsley reported its Q2 2017 results. Highlights from its release / conference call include: - Net production averaged 64.7 MBoe per day, up 18% versus 1Q17 and 81%…
Pioneer Pumping the Brakes in 2H17; Deferring Completions
Pioneer released its Q2 2017 results. Highlights from its release / conference call include: 2018 Plans - More Hedges - Increased Hedges in 2018: Dove commented: "But we'll…
Diamondback Signs Proppant Supply Agreement with Black Mountain Sand
Black Mountain Sand LLC, one of the first movers in the Permian sand rush, signed a supply contract with Diamondback. The company has dedicated a significant portion of…