Medallion Pipeline Launches Binding Open Season on Santa Rita and Howard Lateral Crude Oil Pipeline Expansions
Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion
Midstream LLC, today announced a binding Open Season to solicit
long-term commitments from shippers for firm transportation capacity on
the Santa Rita Expansion and the Howard Expansion, collectively referred
to as the “Expansion Project.” The Expansion Project consists of two new
crude oil pipeline projects to expand and extend the geographic reach of
the existing Medallion Pipeline system.
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The “Santa Rita Expansion” consists of a proposed new 18.4-mile
pipeline, with a capacity of approximately 20,000 barrels per day. It
will extend in a northward direction from a point of interconnection
on Medallion’s existing Santa Rita Lateral in Reagan County, Texas to
a point of interconnection on Medallion’s existing Midkiff Lateral in
Glasscock County. Medallion also proposes to expand the capacity of
the Santa Rita Lateral by 20,000 barrels per day and reconfigure the
system so that it will be capable of bi-directional operations,
allowing for deliveries to either the Reagan Station Interconnect with
the Reagan Gathering Extension or to the Santa Rita-Midkiff
Interconnect.
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The “Howard Expansion” consists of a proposed 15,000 barrels per day
expansion of Medallion’s existing Howard Lateral and a new pipeline
extending approximately 15 miles from the existing Howard Lateral to
the northwest quarter of Howard County near the Martin, Dawson, and
Borden County lines.
The Open Season provides an opportunity for interested shippers to
acquire long-term firm capacity, under minimum 10-year term
Transportation Service Agreements and other eligibility requirements, as
a Committed Firm Shipper on the Expansion Project. The Expansion Project
is expected to commence full commercial operations in the second quarter
of 2017.
OPEN SEASON PROCESS
The Open Season begins on Tuesday, January 17, 2017 and ends at 5:00 pm
Central Standard Time Wednesday, February 8, 2017; all bids must be
submitted to Medallion during the Open Season period. Bona fide
prospective Shippers may obtain copies of the Transportation Service
Agreement, as well as the proposed Federal Energy Regulatory Commission
and Texas Railroad Commission Tariffs (“Confidential Open Season
Documents”) by contacting the Medallion representative listed below.
Medallion requires a prospective shipper to execute a Confidentiality
Agreement prior to delivery of these documents. More information
concerning the Expansion Project, and the binding Open Season is
available on the Medallion website www.medallionmidstream.com
or by contacting the Medallion representative listed below.
About Medallion Midstream, LLC
Medallion Midstream is an Irving, Texas based full services midstream
provider specializing in the design, construction and operation of
natural gas and crude oil infrastructure. Medallion delivers responsive,
reliable and comprehensive services and solutions for its customers.
Medallion is a portfolio company of The Energy & Minerals Group. To
learn more about Medallion, please contact Paige Snider or visit www.medallionmidstream.com.
About The Energy & Minerals Group
The Energy & Minerals Group (EMG) is the management company for a series
of specialized private equity funds. The Firm was founded by John
Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses
on investing across various facets of the global natural resource
industry including the upstream and midstream segments of the energy
complex. EMG has approximately $14.6 billion of regulatory assets under
management and approximately $9.8 billion in commitments have been
allocated across the energy sector since inception.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170117006607/en/
Copyright Business Wire 2017
Source: Business Wire
(January 17, 2017 - 6:08 PM EST)
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