Williams sold certain Gulf Coast midstream assets, which a company executive said ‘were not core’ to its business strategy, to Easton Energy backed by Cresta Energy Capital.
The acquisition, which the Tailwater Capital-backed company acquired from Woodland Midstream Partners and Orion Pipeline, establishes a “strong asset base” for Elevate Midstream in East Texas.
As a result of the sale to Tallgrass, NGL Energy Partners will exit the Bakken saltwater disposal business as the company shifts its focus elsewhere, primarily to the Permian Basin.
The agreement expands on third-party produced water delivery services H20 Midstream is already providing to Legacy Reserves for its Permian Basin operations.
Aspen Midstream LLC said Oct. 11 that the company is constructing a large diameter residue pipeline and both a lean and a rich gas gathering system in the Austin Chalk play in Texas.
The substantial acreage dedication to Taproot is a strategic bolt-on opportunity to the existing system currently under construction and supports the initial acreage dedication with Bison Oil & Gas II LLC.
Southcross Energy Partners LP (NYSE: SXE) has named James W. Swent III as chairman, president and CEO by its board of directors, the company said on Sept. 18.