NGL Energy Partners Strengthens its Propane Asset Portfolio in the North-East04/04/2019
DCP earlier announced it would sell its Gas Supply Resources (GSR) - Wholesale Propane Business - to NGL Energy Partners LP.
According to a purchase and sale agreement DCP conveys to NGL its wholesale propane business.
In general, the latter consisted of seven natural gas liquids terminals in the Eastern United States.
Under the terms of the agreement, NGL has acquired 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal.
The agreement also includes an import/export terminal located in Chesapeake, Virginia, with the capability to load or unload ships from Handy-sized vessels up to Very Large Gas Carriers.
Southland Royalty sold its San Juan Basin assets to MorningStar for $17.3 million. We go over the basics with an emphasis on the data needed to evaluate Southland Royalty's acreage in the San Juan Basin.
As demands for water management solutions increase, service companies are looking for new ways to optimize their ability to recycle and store this water.
As you know the US Oil Rig Count has dropped by over 20% from January to December 2019. In Texas we saw oil rigs count dropping over 30% in that same time frame.