•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Summit Midstream to acquire midstream assets in Piceance, Uinta Basins

    Summit Midstream Partners LLC

    Dallas, TX-based Summit Midstream Partners LLC has entered into an agreement with La Grange Acquisition LP, a wholly owned subsidiary of Energy Transfer Partners LP, to acquire ETC Canyon Pipeline LLC for $207 million.

    Canyon gathers and processes natural gas in the Piceance and Uinta basins in Colorado and Utah. The gas gathering and processing system consists of more than 1,600 miles of pipe, 44,000 horsepower of compression, processing assets with a total capacity of 97 MMcf/d, and two NGL injection stations. The acquisition is subject to certain regulatory approvals and customary closing conditions. Closing is expected to occur in the fourth quarter of 2012.

    Related Articles

    Dejour closes Kokopelli joint venture

    07/01/2014

    Dejour Energy Inc. has formed a joint venture with a private US-based E&P company to develop its core Kokopelli leasehold in the Piceance Basin region of Colorado.

    Dejour to own 99% of Woodrush production

    06/21/2014 Dejour Energy Inc., an oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, plans to acquire a further 24% working intere...

    Legacy Reserves closes WPX transaction

    06/05/2014 Legacy Reserves LP has closed on its purchase of an escalating working interest in over 2,680 natural gas wells in the Piceance Basin from WPX Energy. Legacy purchased an initial 29% working intere...

    Nations signs LOI to create JV with Indigo Resources

    05/30/2014 Bakken Energy Corp. reports that its wholly owned subsidiary Nations Oil and Gas has signed a letter of intent with Indigo Resources Ltd. to set up a joint venture to access assets in oil and gas r...

    Bakken Energy subsidiary signs LOI to acquire Green River refinery

    05/16/2014 Bakken Energy Corp., formerly Orofino Gold Corp., reports that its wholly owned subsidiary, Nations Oil and Gas, has signed a letter Intent with Green River Refinery LLC  to acquire its Green ...

    More Oil & Gas Financial Articles

    Dejour closes Kokopelli joint venture

    Tue, Jul 1, 2014

    Dejour Energy Inc. has formed a joint venture with a private US-based E&P company to develop its core Kokopelli leasehold in the Piceance Basin region of Colorado.

    Dejour to own 99% of Woodrush production

    Sat, Jun 21, 2014

    Dejour Energy Inc., an oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, plans to acquire a further 24% working interest in its legacy Woodrush oil and gas production project.

    Legacy Reserves closes WPX transaction

    Thu, Jun 5, 2014

    Legacy Reserves LP has closed on its purchase of an escalating working interest in over 2,680 natural gas wells in the Piceance Basin from WPX Energy. Legacy purchased an initial 29% working interest that steps up to 37% on Jan. 1, 2015, then 41% on Jan. 1, 2016, for $355 million in cash.

    Nations signs LOI to create JV with Indigo Resources

    Fri, May 30, 2014

    Bakken Energy Corp. reports that its wholly owned subsidiary Nations Oil and Gas has signed a letter of intent with Indigo Resources Ltd. to set up a joint venture to access assets in oil and gas related properties in the Uinta Basin.

    Bakken Energy subsidiary signs LOI to acquire Green River refinery

    Fri, May 16, 2014

    Bakken Energy Corp., formerly Orofino Gold Corp., reports that its wholly owned subsidiary, Nations Oil and Gas, has signed a letter Intent with Green River Refinery LLC  to acquire its Green River oil refinery in southern Utah.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ