Trophy Pipeline LLC recently revealed plans to expand the reach of its crude oil pipeline located in New Mexico’s Lea County within the Permian Basin.
In a release from Aug. 26, the company said it intends to conduct an open season for the pipeline, known as its Texas Expansion project, which will connect to the Trophy Pipeline, an existing FERC regulated, crude oil pipeline in the Permian Basin.
Trophy, operated by an affiliate of Ameredev II LLC, is proposing to construct the approximately three-mile-long pipeline from a new origin located in Winkler County, Texas to its existing pipeline located in Lea County.
The open season aims to obtain long-term acreage dedications for the Texas Expansion project, which is expected to be placed into service on or around Oct. 1.
Recommended Reading
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
2024-04-03 - Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.