Union Pacific Railroad serves the facility, which has 29,000 feet of track, including two unit train loop tracks, to move oil and frack sand to and from the Permian Basin.
Matador is retaining its natural gas gathering system up to a central delivery point and its other midstream assets in the area, including oil and water gathering systems and salt water disposal wells.
Meetings will be held separately with each interested company Oct. 6 and 7. Purchases would cover 12 months of deliveries, representing about 82,000 barrels per day in volume, Reuters said.
Assuming the merger goes through, the new Energy Transfer Corp. will be a midstream behemoth that would rival Kinder Morgan in size.
Crestwood owns and operates midstream assets serving producers across the Marcellus, Bakken, Eagle Ford, Permian Basin, Powder River Basin Niobrara, Utica, Barnett, Fayetteville and Haynesville shale plays.
Phillips has refineries in all five major fuel markets, while PBF will have four.
The company said it had now surpassed its goal to sell $1 billion in non-strategic assets, a target it set itself after acquiring Canada's Talisman, Reuters reported.
Iroquois owns and operates a 416-mile, FERC-regulated natural gas transmission pipeline running from the Canada-United States border near Waddington, N.Y., to South Commack, N.Y.
Through a combination of cash, revolver and proceeds for the sale of its midstream assets—acquired from Royal Dutch Shell—Sanchez’s liquidity will shoot to more than $900 million.
This was JOGMEC's third LPG tender in fiscal year begun in April after previously buying 66,000 tonnes. Japan's trade ministry plans buying 198,000 tonnes during 2015 to 2016, Reuters said.
Energy Transfer tweaks its June offer with $6 billion in cash and will form a partnership that will be treated as a corporation for tax purposes called Energy Transfer Corp. LP.
SPP will acquire and operate, the pipeline, gathering and compression assets located on the Western part of its Catarina asset in South Texas in Dimmit and Webb counties.