Acquisitions & Divestitures - Midstream

American Midstream Sells Propane Business For $170 Million In New Strategy

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.


All Systems Go: Laredo Launches Midland Pipeline Sale

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 Confirms Midland Basin's Medallion Pipeline On The Market

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 Considering IPO Of US Midwest, Gulf Coast Pipeline Assets

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.


US Stresses Lowering Trade Deficit In NAFTA Talks

API lauds Trump approach to trade deficit in NAFTA negotiations.


Repairs To Magellan's Longhorn Crude Pipeline Completed; Operations Resumed

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.


ARB Midstream Secures Large Niobrara Crude Dedication

Commitment follows ARB’s acquisition of Niobrara crude gathering system in 2016.


With Access Northeast Suspension, No Relief In Sight For Gas-Starved Region

Access Northeast withdraws from FERC pre-filing for gas pipeline expansion.


Linn Energy Renames Midstream Affiliate; Plans Cryogenic Plant In Merge Play

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.


Refocus On Four Strategic Issues More Pressing Than ‘Peak Demand’

‘Peak Demand’ is decades away, Stratas Advisors says, and other issues are more important now.


EIA: For The Moment, Coal Overpowers Natural Gas

While coal will regain its lead in fueling power generation this year, experts say that natural gas will return to the top in 2018.


Magellan's Longhorn Crude Oil Pipeline Ruptures In Texas, Forcing Evacuations

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.