Tall Oak Midstream II LLC will support midstream opportunities in other North American resource plays while Tall Oak Midstream LLC will continue operating and expanding its Midcontinent U.S. midstream assets.
Old Ironsides Energy LLC made the final close of Old Ironsides Energy Fund II (Fund II) with $1.3 billion of commitments, the company said April 16.
The facility with a syndicate of banks matures in September 2019.
The expansion will provide additional financing flexibility and liquidity to fund future growth capex.
The money will support acquisition, development and operations of midstream, downstream petrochemical and fuel assets in U.S. and Canada. Next Wave handles NGL toll processing and manufacturing, among other projects.
Riverstone Global Energy and Power Fund VI committed $67 million, and Riverstone Energy Ltd. committed $33 million. Newly formed Meritage Midstream Services III focuses on western Canadian emerging resource plays.
Midstream service provider Nuevo Dos was formed earlier in 2015. Its management team also founded Nuevo Midstream LLC, the predecessor, which was sold to Western Gas Partners LP.
The Los Ramones pipelines project, and other large-scale energy infrastructure projects, will receive investments through the US$1 billion joint venture. Los Ramones, now under construction, will run 744 kilometers.
The shares were priced at AU$35 each, and proceeds will be $135,000,035. San Ramon, Calif.-based Chevron will receive the cash proceeds upon settlement on April 2.
Net proceeds are expected to total $793.8 million. They will repay outstanding commercial paper program amounts and support general partnership purposes.
Moda was formed in early 2015 and its four founding partners previously were members of the executive team at Oiltanking North America LLC and Oiltanking Partners LP.
On April 6, the proceeds will redeem US$700 million in long-term debt that matures in 2017 and CA$750 million in long-term debt that matures in 2018.
The notes are due 2021 and will be redeemed for cash on April 15.