midstream

UGI Corp. and Tenaska Resources LLC will jointly develop gas resources in the Marcellus Shale in north-central Pennsylvania.

One issue still a hot topic for the Obama administration is whether to approve the second and final phase of the Keystone XL Pipeline. This will include another pipeline coming from Canada into the U.S. bringing another million barrels per day of tar sand crude oil also known as “diluted bitumen” to Gulf Coast refineries.

Targa Resources Partners will acquire 100% of Saddle Butte Pipeline, LLC's ownership of its Williston Basin crude oil pipeline and terminal system and its gas gathering and processing operations for $950 million.

Haddington Ventures, L.L.C. has closed its latest private equity fund, Haddington Energy Partners IV, LP (HEP IV), with total committed capital of nearly $350 million targeted for investments in midstream energy infrastructure.

ITG Investment Research announced the release of a survey of leading buyside energy investors which indicated that the Eagle Ford Shale in South Texas ranked as the leading North American play.

Ryckman Creek Resources, LLC, a subsidiary of Peregrine Midstream Partners LLC, recently concluded its non-binding open season for firm natural gas storage service at its high-deliverability, multi-cycle (HDMC) natural gas storage facility in Uinta County, WY.

DCP Midstream LLC and DCP Midstream Partners LP announced construction of a cryogenic plant that will serve growing demand from producers in the liquids-rich Eagle Ford Shale.

Genesee & Wyoming Inc. said its wholly owned subsidiary, The Columbus & Ohio River Rail Road Co. (CUOH), has signed a long-term agreement to serve the $900 million natural gas liquids fractionation hub being constructed in Scio, OH by Utica East Ohio Midstream LLC.

Plains All American Pipeline, L.P. has agreed to acquire four operating crude oil rail terminals, one terminal under development and various contractual arrangements from U.S. Development Group for $500 million.

Inergy Midstream, L.P. plans to buy Rangeland Energy, LLC, owner and operator of the COLT crude oil rail terminal, storage, and pipeline facilities, for $425 million.

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