Construction will begin in June. The Pecos County, Texas, site is near Waha Hub and Lone Star NGL pipeline. The plant and gathering system will be completed over next year.
Proposed IRS rules defining qualifying income for MLPs give needed guidance, but could be a setback for olefin-producing companies.
The dropdown assets are Holdings’ Valley Wells sour gas gathering and treating system, compression assets in the Valley Wells and Lancaster gathering and treating systems and two NGL pipelines.
After lifting a year-long “pause” in March on private rulings over qualifying income for MLPs, on May 6 the Internal Revenue Service released proposed rules clarifying what sorts of activity would produce qualifying income.
Phillips 66 Co. might play up its role in midstream and chemicals, but its downstream presence will remain strong, Greg Garland, chairman and CEO, said in recent annual shareholders' meeting.
Enable Midstream Partners LP completed the $80 million acquisition of natural gas gathering assets in Texas Panhandle from Monarch Natural Gas LLC. The assets are supported by 35,000 net acres.
Enterprise Products Partners LP entered into an agreement with an Occidental Petroleum Corp. affiliate to jointly develop a new 150 million cubic feet per day cryogenic natural gas processing plant.
FLNG Liquefaction 3 LLC closed about $4.6 billion in senior and mezzanine debt financings for Freeport LNG's third train at natural gas liquefaction and LNG loading facility near Freeport, Texas.
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.
Central Area Transmission System’s riser platform is next to Everest platform, Block 22/10. Pipeline connects riser platform to Seal Sands, Teesside, gas terminal. CATS transports 8% of UK’s gas demand.
People familiar with the matter told Bloomberg that BP Plc seeks buyers for $2 billion of U.S. pipelines and storage terminals. Potential buyers received materials regarding infrastructure across the country.
Enable Midstream Partners LP (NYSE:ENBL) announced April 21 that its first crude oil and produced water gathering system in North Dakota is fully operational.