Untitled Document
Untitled Document

Global Partners inks agreement with Meadowlark Midstream

Global Partners LP

Global Partners LP (NYSE: GLP) has entered into an agreement with Meadowlark Midstream Co. LLC, whereby Meadowlark will build, own, and operate new a crude oil transportation system.

When completed, the system will include a truck unloading station with 55,000 barrels of tankage on Meadowlark’s Divide Gathering System, as well as a 47-mile pipeline serving Global’s crude oil storage facility at Basin Transload’s Columbus rail loading terminal in Burke County, North Dakota.

Crude oil delivered to this rail terminal has single line haul rail access to Global’s Albany, New York, terminal and can also access other rail-serviced terminals throughout the US. The project is expected to be operational by the second quarter of 2015.

In connection with this agreement, Global has begun construction of an additional 176,000 barrels of tankage at the Columbus facility, which will bring total capacity to 446,000 barrels.

 

 

 

Related Articles

Environmental groups targeting upstream

07/18/2014

Clean Air Act disputes delaying projects, increasing costs

ND Bakken reaches 1MMboe milestone

07/18/2014 Straddling the border between the US and Canada, the oily Bakken shale currently sits atop the list of most revered unconventional resource plays. Recent reserves estimates and production milestone...

Eagle Ford remains a powerhouse

07/18/2014 With its liquids-rich offerings, the Eagle Ford Shale holds on to its powerhouse status. According to recent estimates by the Texas Railroad Commission, the South Texas black-gold mine is expected ...

Midstream News

07/18/2014

Summit Midstream Partners closes senior notes offering

07/16/2014 Summit Midstream Partners LP has closed the offering by its wholly owned subsidiary, Summit Midstream Holdings LLC and Summit Holdings' wholly owned subsidiary, Summit Midstream Finance Corp., of $...

More Oil & Gas Financial Articles

Environmental groups targeting upstream

Fri, Jul 18, 2014

Clean Air Act disputes delaying projects, increasing costs

ND Bakken reaches 1MMboe milestone

Fri, Jul 18, 2014

Straddling the border between the US and Canada, the oily Bakken shale currently sits atop the list of most revered unconventional resource plays. Recent reserves estimates and production milestones highlight the play's attraction.

Eagle Ford remains a powerhouse

Fri, Jul 18, 2014

With its liquids-rich offerings, the Eagle Ford Shale holds on to its powerhouse status. According to recent estimates by the Texas Railroad Commission, the South Texas black-gold mine is expected to pump 802,734 barrels a day in 2014.

Midstream News

Fri, Jul 18, 2014

Summit Midstream Partners closes senior notes offering

Wed, Jul 16, 2014

Summit Midstream Partners LP has closed the offering by its wholly owned subsidiary, Summit Midstream Holdings LLC and Summit Holdings' wholly owned subsidiary, Summit Midstream Finance Corp., of $300 million aggregate principal amount of senior unsecured notes due 2022.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ