Eagle-Ford Republic Midstream System Has a New Owner04/09/2019
Nuevo Midstream Dos LLC, Houston, will expand its crude oil gathering, storage, and intermediate transportation system in the Eagle Ford shale. It has entered into a definitive agreement with an affiliate of ArcLight Capital Partners to acquire the Republic Midstream System.
Most of the company's assets are located in Gonzales, Lavaca, and Dewitt counties in Texas. The system consists of some 100 miles of gathering pipeline that feeds a central delivery point with 300,000 barrels of crude oil storage and a six-bay truck station.
The 26-mile intermediate pipeline moves volume from this delivery point to the Kinder Morgan Crude and Condensate Pipeline and the Eagle Ford Crude Oil Pipeline System, which is owned and operated by Enterprise.
The transaction is expected to close early in the 2Q 2019.
Nuevo Midstream will add 100 miles of gathering pipeline in Gonzales, Lavaca, and Dewitt counties to its Eagle Ford assets.
NGL Energy Develops Its Portfolio of Wholesale Propane Business Assets. Bought From DCP
Midstream companies seek partnerships, connect their most robust assets to the fastest growing markets. Let us see what they did this past February