Medallion Pipeline Launches Binding Open Season
10 February 2016 - 11:30AM
Business Wire
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, LLC222 West Las Colinas
Blvd., Suite 1140EIrving, Texas 75039Attention: Paige SniderPhone:
972-746-4401Email: 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160209006893/en/
Medallion Midstream LLCPaige Snider,
972-746-4401info@medallionmidstream.com