More Oil and Gas Midstream News

Martin Midstream's revolving credit facility reaches $400M

Martin Midstream Partners LP announced May 10 that it has increased the size of its revolving credit facility to $400,000,000. This represents an increase of $25,000,000 as it has added ABN AMRO Capital USA LLC to its syndicate of lenders. The revolving credit facility is the partnership’s primary source of liquidity and matures April 15, 2016.

Keystone XL Pipeline depicted in info-graphic

Visual Capitalist recently published an info-graphic on the Keystone XL Pipeline. Although it’s pretty basic, it visually describes the situation very well.

Copano to expand processing capacity to meet Eagle Ford demand

In response to producer demand in the Eagle Ford shale play, Copano Energy, LLC announced today it will add 400,000 Mcf per day of cryogenic processing capacity at its Houston Central complex in Colorado County, Texas.

Ex-Im to finance $2.95B in US exports for Australia LNG project

The Export-Import Bank of the United States has authorized a $2.95 billion direct loan to support US exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG project in Australia.

Peregrine Midstream subsidiary fast tracks gas storage facility in Western Rockies

Ryckman Creek Resources, LLC, a wholly-owned subsidiary of Peregrine Midstream Partners LLC, has started gas injections at its new high-deliverability, multi-cycle (HDMC) Ryckman Creek Gas Storage Facility in southwestern Wyoming near the Opal Hub. Construction of the 35 Bcf facility started in late September 2011. First gas injections from Northwest Pipeline commenced on May 1, 2012, followed by gas injections from Overthrust Pipeline several days later.

Kinder Morgan to purchase 50% interest in natural gas JV

Kinder Morgan Energy Partners, LP, announced April 25 that it has signed a definitive agreement with an investment vehicle affiliated with Kohlberg Kravis Roberts & Co. LP, whereby KMP will purchase from KKR its 50 percent interest in the joint venture that owns the Altamont gathering, processing and treating assets (Uinta Basin in Utah) and the Camino Real Gathering System (Eagle Ford shale in Texas) for $300 million in KMP common units.

NiSource committed to infrastructure modernization

NiSource was recently recognized by US Secretary of Transportation Ray LaHood and Pittsburgh Mayor Luke Ravenstahl for its ongoing investment in pipeline infrastructure modernization and replacement.

NorTex Midstream launches new gas trading point

Houston-based NorTex Midstream Partners LLC, in cooperation with Atlanta’s Intercontinental Exchange (ICE), has launched a natural gas trading point in the Dallas-Fort Worth area.

Cardinal Midstream brings third plant online in Woodford shale

Cardinal Midstream, LLC has brought its third cryogenic processing plant online in the Arkoma Woodford shale.

NET Midstream expands Eagle Ford pipeline