LLC has acquired En Water Solutions LLC, a produced water gathering
and disposal company
in the southern Delaware Basin. En Water’s
current assets include
five saltwater disposal
wells with over 100
miles of interconnected
gathering pipeline and
nearly 150,000 b/d of
permitted disposal capacity. By year-end 2018,
WaterBridge expects to
reach more than 300,000
barrels per day of total
disposal capacity and
200 total miles of interconnected pipeline for
ing Marcellus gas supplies with markets in the
Mid-Atlantic and Southeastern US. The nearly $3
billion expansion of the existing Transco natural gas
pipeline is designed to increase deliveries by 1. 7
bcf/d. Williams Partners’ net investment in the Atlantic Sunrise project is expected to be approximately $1.9 billion.
KINGFISHER MIDSTREAM SECURES $200M
CREDIT FACILITY FOR STACK GROWTH
Kingfisher Midstream LLC (KFM), a private gathering
and processing midstream company, has entered
into a $200 million senior secured revolving credit
facility with ABN AMRO Capital USA LLC as Administrative Agent, Book Runner, and Lead Arranger.
East West Bank and Wells Fargo Bank NA act as
Syndication Agent and Documentation Agent, respectively. Proceeds from the revolving credit facility
will be primarily used to fund capital expenditures,
including completion of a new, under-construction
200 Mmcf/d cryogenic processing plant expected
to be in service during the fourth quarter of 2017.
Commenting on the agreement, Michael Chris-
topher, CFO of KFM, said that the company’s “un-
derlying acreage dedications and S TACK footprint
are the cornerstone of the credit facility being up-
sized from $150 million to $200 million.”
Durham Jones & Pinegar served as legal advisors
to KFM. Thompson & Knight LLP served as legal
advisors to ABN AMRO.
Kingfisher Midstream LLC is a partnership formed
in 2015 with HPS Investments Partners LLC to provide crude oil gathering and natural gas gathering
and processing services in the STACK play of
TALLGRASS ENERGY PARTNERS ACQUIRES
POWDER RIVER OIL GATHERING SYSTEM
Through its subsidiary Tallgrass Midstream LLC
(TMID), Tallgrass Energy Partners LP has closed on
the acquisition of Outrigger Energy LLC’s crude oil
gathering system in the Powder River Basin for
approximately $36 million, subject to potential adjustments specified in the purchase agreement.
The acquired assets include approximately 34 miles
of gathering lines and approximately 150,000 acres
dedicated on a long-term fee-based contract. Tallgrass estimates approximately $7 million in additional capital expenditures for the remainder of
2017 on the Outrigger system.
As a result of the acquisition, Tallgrass Interstate
Gas Transmission LLC (TIGT) intends to abandon
by sale to TMID an underutilized segment of its
system from Labonte, Wyo., to Guernsey, Wyo. The
abandonment is subject to approval by the Federal
Energy Regulatory Commission.
TMID intends to convert the acquired pipeline
segment from TIGT into crude oil service and also
construct the necessary facilities to establish a new
crude oil line from Labonte to the Outrigger system
along with additional laterals into other producing
areas in the Powder River Basin. This project will
provide direct access for producers on the Outrigger
system to Tallgrass Pony Express Pipeline LLC’s
crude oil pipeline system.
TEP also announced that Dean Dick will lead its
crude oil gathering business housed under TMID.
Dean has nearly 30 years of experience in crude oil
transportation services including trucking, gathering,
terminals and DOT regulated pipeline transportation. He has previously worked for Marathon Petroleum and Kinder Morgan in operations, facility
development and expansion, new market development and pipeline optimization. He holds a BSEE
from the University of Wyoming and an MBA from
Grand Canyon University.
WILLIAMS SUPPORTS HURRICANE
HARVEY RELIEF EFFORTS
Williams is contributing $500,000 to the United Way
of Greater Houston’s flood relief fund. The company
is also deploying direct assistance efforts for any of
its nearly 900 employees in Houston and surrounding areas in the Gulf who are in need as a result of
this unprecedented event.
“Williams has had a major presence in the Hous-
ton area for decades and our thoughts and prayers
are with all of those affected, and especially our
employees and their families, many of whom have
deep roots in the community,” said Williams’ pres-
ident and CEO Alan Armstrong. “While the effects
of Hurricane Harvey are still ongoing and uncertain,
we are focused on making sure our employees
remain safe and are receiving necessary assistance.
Additionally, we are committed to supporting the
long-term recovery and rebuilding of the Texas Gulf
Armstrong said that Williams employees affected
by Harvey are being supported through its emer-
gency disaster relief fund, which includes direct
assistance for Williams employees with immediate
financial needs. Williams employees outside of the
affected areas can also contribute directly to the
fund to support fellow employees and their families.
As part of its corporate charitable giving program,
Williams matches contributions made by its em-
ployees and its retirees.