Thursday, January 9, 2025

Medallion Pipeline Launches Binding Open Season

 February 9, 2016 - 7:30 PM EST

Print

Email Article

Font Down

Font Up

Medallion Pipeline Launches Binding Open Season

Howard Lateral and Wolfcamp Expansion

Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion
Midstream LLC, today announced a binding Open Season which solicits
long-term commitments from shippers for firm transportation capacity on
the third major expansion of Medallion’s existing crude oil pipeline
system. The current project proposed by the Open Season will further
extend and expand the geographic scope of the existing 320-mile system:

  • The “Howard Lateral” is a proposed 45,000 barrel per day
    bi-directional crude oil pipeline which will extend from multiple
    origin points in Howard County, Texas approximately 49 miles to the
    southeast to a new point of interconnection on Medallion’s Wolfcamp
    Connector mainline system in Glasscock County, Texas.
  • An integral part of the overall project is a proposed 30,000 barrel
    per day expansion of Medallion’s existing Wolfcamp Connector mainline
    system which originates at the Garden City Station in Glasscock County
    and extends approximately 60 miles north to the Colorado City hub in
    Scurry County, Texas.

Medallion is conducting the binding Open Season to obtain long-term
volume commitments for firm transportation capacity on the Howard
Lateral and the Wolfcamp Connector expansion (referred to as the
“Expansion Project”). 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 2016, although certain segments of the Expansion
Project may commence service on an interim basis on an earlier date.

Open Season Process

The Open Season began on Tuesday, February 9, 2016 and ends on Friday,
February 26, 2016. All bids must be submitted to the Medallion
representative listed below by 5:00 pm Central Standard Time on or
before February 26, 2016. 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 (the “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.

Medallion Pipeline Company, LLC
222 West Las Colinas Blvd.,
Suite 1140E
Irving, Texas 75039
Attention: Paige Snider
Phone:
972-746-4401
Email: info@medallionmidstream.com

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

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 $16.5
billion of regulatory assets under management and approximately $9.4
billion in commitments have been allocated across the energy sector
since inception.

Medallion Midstream LLC
Paige Snider, 972-746-4401
info@medallionmidstream.com

Source: Business Wire
(February 9, 2016 - 7:30 PM EST)

News by QuoteMedia

www.quotemedia.com

Share: