•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    QEPM acquires membership interests in Green River Processing

    QEP Midstream Partners LP

    QEP Midstream Partners LP (NYSE:QEPM) has acquired 40% of the outstanding membership interest in Green River Processing LLC for $230 million in cash from QEP Field Services Co., a wholly owned subsidiary of QEP Resources Inc. (NYSE: QEP). The acquisition closed on July 1. 

    Green River Processing owns the Blacks Fork natural gas processing complex and the Emigrant Trail natural gas processing plant located in southwest Wyoming. These assets consist of four natural gas processing plants with total processing capacity of 890 MMcf per day, and natural gas liquids (NGL) fractionation capacity of 15,000 bbl per day with interconnects to six interstate natural gas pipelines, and direct pipeline access to the Mt. Belvieu and Conway NGL markets. In 2013, total natural gas inlet volumes for Green River Processing were approximately 201 million MMBtu, of which 65% were processed under fee-based processing agreements and 35% were processed under keep-whole processing agreements.

     

     

    Most Popular

    Related Articles

    France: Giant Without A Field

    08/07/2015 In recent decades, French oil and gas companies have grown used to market fluctuations, but the current downturn in the oil price has challenged the very fundamentals of the industry, triggered unp...

    MIDSTREAM NEWS

    08/07/2015

    MIDSTREAM NEWS

    07/08/2015

    Southcross completes NGL pipelines, updates on Eagle Ford fractionator

    07/06/2015 Southcross Energy Partners LP has completed a 60,000-bbl/d Y-grade pipeline connecting Southcross’ Woodsboro processing facility to Southcross Holdings LP’s 63,000-bbl/d Robstown fractionator near ...

    DCP Midstream Partners' Lucerne 2 Plant now serves DJ Basin

    06/29/2015 DCP Midstream Partners LP’s new 200 million cubic feet per day (MMcf/d) Lucerne 2 natural gas processing plant is now in service, increasing the Partnership's processing capacity in the Denver-Jule...

    DW: Refining margins are back, but will they remain?

    06/29/2015

    In its June 29 DW Monday report, Douglas-Westwood comments on the current state of refining margins.

    More Oil & Gas Financial Articles

    France: Giant Without A Field

    Fri, Aug 7, 2015

    In recent decades, French oil and gas companies have grown used to market fluctuations, but the current downturn in the oil price has challenged the very fundamentals of the industry, triggered unprecedented structural changes and brought need for reform in the French oil and gas industry front and center.

    MIDSTREAM NEWS

    Fri, Aug 7, 2015

    MIDSTREAM NEWS

    Wed, Jul 8, 2015

    Southcross completes NGL pipelines, updates on Eagle Ford fractionator

    Mon, Jul 6, 2015

    Southcross Energy Partners LP has completed a 60,000-bbl/d Y-grade pipeline connecting Southcross’ Woodsboro processing facility to Southcross Holdings LP’s 63,000-bbl/d Robstown fractionator near Corpus Christi, Texas, and a 20,000-bbl/d propane pipeline from Southcross’ Bonnie View fractionator to the Corpus Christi area for delivery to end-use customers (collectively, the NGL Pipelines).

    DCP Midstream Partners' Lucerne 2 Plant now serves DJ Basin

    Mon, Jun 29, 2015

    DCP Midstream Partners LP’s new 200 million cubic feet per day (MMcf/d) Lucerne 2 natural gas processing plant is now in service, increasing the Partnership's processing capacity in the Denver-Julesburg Basin (DJ Basin) to approximately 400 MMcf/d.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ