midstream

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

Caballo Energy is building a cryogenic processing plant to serve expanding natural gas production in the liquids-rich Mississippi Lime and Cana Woodford Shale plays.

Enbridge is considering options to expand its crude pipeline capacity in the Bakken region in addition to company projects already proposed and under way, shippers said last month. According to Platts, shippers said Enbridge presented the potential options at a meeting in Denver Jan. 10.

Eagle Rock Energy Partners, L.P. signed a definitive agreement to acquire BP America Production Company's Sunray and Hemphill processing plants and associated 2,500-mile gathering system serving the liquids-rich Texas Panhandle for $227.5 million.

Boardwalk Pipeline Partners, LP has formed a joint venture with an affiliate of its general partner, which has entered into an agreement to acquire PL Midstream LLC from PL Logistics LLC, a portfolio company of Lindsay Goldberg, LLC, for $625 million in cash.

Sage Midstream, LLC is partnering with investment funds affiliated with Riverstone Holdings LLC, an energy and power-focused private equity firm, and Kaiser Midstream, an oil and gas midstream services company owned by George B. Kaiser, to form a new company with up to $500 million of equity commitments. Sage will pursue natural gas liquids- related midstream opportunities in North America’s liquids-rich production plays.

Ryckman Creek Resources, LLC, wholly owned subsidiary of Peregrine Midstream Partners LLC, has begun commercial gas storage services at its new high-deliverability, multi-cycle (HDMC) Ryckman Creek Gas Storage Facility in southwestern Wyoming near the Opal Hub. Notice of Ryckman Creek's commencement of service was filed with the FERC Aug. 21, the date customers began injecting gas at an aggregate rate exceeding 230 MMcf/d.

Statoil is looking to pick up more shale acreage in the United States even though it nearly has all the assets it needs to meet its 2020 production plans, a top official recently told Reuters.

Crestwood Midstream Partners LP has completed the acquisition of gathering and processing assets from subsidiaries of Devon Energy Corporation for $87.1 million, which reflects a $2.9 million reduction to the originally announced acquisition price for estimated closing adjustments and operating activity since July 1, 2012.

Houston-based Noble Energy Inc. plans to increase its operations in eastern Colorado with $8 billion in investment over the next five years.

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