Oryx Midstream Services, LLC received an equity commitment totaling up to $300 million from Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, Oryx management and other private investors. Oryx will pursue midstream opportunities in the Permian Basin, focusing initially on the Delaware Basin in Texas and N
Crestwood Midstream Partners LP plans a further expansion of its “Willow Lake Project” in the Permian Delaware Basin, which includes the conversion of a portion of its Las Animas natural gas gathering system into rich gas service and the construction of an initial cryogenic natural gas processing plant.
Emerging Fuels Technology’s Mark Agee predicts small-scale gas-to-liquid (GTL) plants, which convert natural gas to hydrocarbon liquids such as gasoline, jet fuel and diesel, will sprout across the country in the next few years.
Summit Midstream Partners, LP’s (SMLP) wholly owned subsidiary, Grand River Gathering, LLC, closed the previously announced acquisition of Red Rock Gathering Co., LLC from a subsidiary of Summit Midstream Partners, LLC for total cash consideration of $305 million
Albany County, N.Y.’s moratorium on the expansion of crude oil processing at the Port of Albany, issued March 12, has unleashed a war of words between the county executive and Global Partners, the company seeking permits to expand its processing operations.
Capstone Turbine Corp., a leading clean technology manufacturer of microturbine energy systems, has received multiple orders from E-Finity Distributed Generation for microturbines to be used for oil and gas operations in the Marcellus and Utica Shale regions.
The crude services subsidiary of Enable Midstream Partners, LP entered into a long-term agreement with XTO Energy Inc., a subsidiary of ExxonMobil Corp. to gather XTO’s crude oil production through a new system that will be constructed in North Dakota’s liquids-rich Bakken shale.
Devon Energy Corp., EnLink Midstream, LLC and EnLink Midstream Partners, LP on March 7 announced the completion of the previously announced transaction to combine substantially all of Devon’s U.S. midstream assets with the assets of the former Crosstex Energy, Inc. and Crosstex Energy, L.P.