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American Midstream expects that substantially all proceeds from the propane sale will be reallocated within the third quarter, including the acquisition of the Viosca Knoll system in deepwater GoM.
Analysts estimated the Medallion-Midland Basin pipeline could be worth anywhere from $2.2 billion to $1.4 billion, with about half of the proceeds going to Laredo.
Laredo Petroleum previously stated the possibility to monetize its stake in Medallion to either further de-lever its balance sheet or accelerate drilling activities in the Permian.
BP is considering an IPO of its vast U.S. Midwest and Gulf Coast pipeline assets, the company said July 18, a move that would raise cash.
API lauds Trump approach to trade deficit in NAFTA negotiations.
Repairs to Magellan's 275,000-barrel-per-day Longhorn crude oil pipeline have been completed and the pipeline resumed normal operation at noon ET, a spokesman said July 16.
Commitment follows ARB’s acquisition of Niobrara crude gathering system in 2016.
Access Northeast withdraws from FERC pre-filing for gas pipeline expansion.
Linn Energy said July 13 that it has renamed its midstream affiliate, which is set to build a cryogenic plant in the heart of Oklahoma's Merge shale play.
‘Peak Demand’ is decades away, Stratas Advisors says, and other issues are more important now.
While coal will regain its lead in fueling power generation this year, experts say that natural gas will return to the top in 2018.
A Permian Basin pipeline operated by Magellan ruptured near Bastrop, Texas, in the morning on July 13, spilling an estimated 1,200 barrels of oil and prompting an evacuation.