News

Liquids terminaling and logistics company Moda Midstream, LLC (“Moda”) and Moda’s financial sponsor EnCap Flatrock Midstream (“EFM”) today announced they have entered into a definitive agreement to sell the Moda Ingleside Energy Center (“MIEC”) and other Moda assets to Enbridge Inc. (NYSE, TSX: ENB) for an enterprise value, net of working capital and cash, of approximately $3 billion, subject to closing adjustments.

Cardinal III/Iron Horse is the GPA Midstream Association's First Place Safety Award winner for 2020 (Division IV), and one of only 15 companies recognized with the association's 2020 Perfect Safety Record Award. GPA Midstream is the leading trade organization representing natural gas processors.  

Centurion Pipeline L.P. has announced that the Augustus Pipeline commenced service on schedule, December 1, 2020. The 20”/18” Augustus Pipeline provides true physical connectivity for WTI, WTL and WTSR from Midland, Texas, to Crane, Texas. The Augustus Pipeline originates from Centurion’s Midland Terminal, which has approximately 2 million barrels of storage capacity, and provides delivery to multiple long-haul pipelines at Crane. 

Stakeholder Midstream, LLC, announced it has acquired gas gathering and processing assets from Santa Fe Midstream, LLC. Located in Yoakum County, Texas, the assets include Santa Fe’s 30-30 Gas Treating and Processing Plant, low-pressure gas gathering pipelines, downstream residue and NGL lines, and a long-term acreage dedication from an established San Andres oil and gas producer. The Santa Fe System will complement Stakeholder’s existing Campo Viejo Processing Plant and gathering system currently serving San Andres producers on the Northwest Shelf of the Permian Basin. The acquisition brings the combined systems’ gas processing capacity to approximately 85 million cubic feet per day, total gathering pipeline mileage to approximately 450 miles and total acreage dedications to the combined gas systems to greater than 200,000 acres.

Centurion Pipeline L.P. announced that the Augustus Pipeline is on schedule and expected to commence service on December 1, 2020. 

Liquids terminaling and logistics provider Moda Midstream, LLC announced it has placed into service the final 495,000 barrel tank from its 10 million barrel crude oil expansions at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas and the Moda Taft Terminal in Taft, Texas. The completion of this storage expansion brings total storage capacity at MIEC and the Moda Taft Terminal to approximately 12 million barrels.

Edgewater Midstream, LLC announced David Anders has joined the company as its chief financial officer.

Noble Midstream Partners LP and Greenfield Midstream LLC have exercised the option to acquire a 20% interest in the Saddlehorn Pipeline through its Black Diamond Gathering LLC (“Black Diamond”) joint venture. 

Centurion Pipeline L.P. today announced the successful completion of its binding open season for the Augustus Pipeline. The Augustus Pipeline will connect Centurion’s existing Midland Terminal to multiple long-haul pipelines originating at Crane, Texas.