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Latest Midstream Stories

2014-07-09 08:22:56

TULSA, Okla. and HOUSTON, July 9, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and Occidental Petroleum Corporation (NYSE: OXY) announced today that BridgeTex Pipeline has launched a supplemental open season for additional transportation commitments on the pipeline. Interested customers must submit binding commitments by 5:00 p.m. Central Time on August 7, 2014. Construction of the BridgeTex Pipeline commenced in November 2012 following an initial...

2014-07-01 16:24:03

DENVER, July 1, 2014 /PRNewswire/ -- QEP Midstream Partners, LP (NYSE:QEPM) (the "Partnership") today announced that it has acquired 40% of the outstanding membership interest in Green River Processing, LLC ("Green River Processing") for $230 million in cash from QEP Field Services Company, a wholly owned subsidiary of QEP Resources, Inc. (NYSE: QEP) ("QEP"). This transaction represents the Partnership's first acquisition following its initial public offering in August 2013. The...

2014-07-01 12:23:35

TULSA, Okla., July 1, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2014 before the market opens on Tues., Aug. 5. Management will discuss second-quarter earnings and outlook for the remainder of 2014 during a conference call with analysts at 1:30 p.m. Eastern the same day. To join the conference call, dial (888) 401-4669 and provide code 3902777. Investors also may listen to the call via the partnership's...

2014-06-26 08:20:48

BOGOTA, Colombia, June 26, 2014 /PRNewswire/ -- Today, Grupo Coremar and Zenith Energy announced the award of a contract for the construction on the first phase of a new, multi-product liquids terminal in Palermo, Magdalena Department, Colombia. The initial construction phase will satisfy the needs of up to 528,000 barrels for refined and crude oil storage. Featured in the construction will be a new 50,000 dwt ship dock, 6 lane truck racks, as well as accompanying infrastructure....

2014-06-18 08:23:01

OKLAHOMA CITY, June 18, 2014 /PRNewswire/ -- American Energy Partners, LP (AELP) and The Energy & Minerals Group (EMG) today announced the formation of American Energy - Midstream, LLC (AE-MidCo), which will make investments in the midstream oil and natural gas industry. AE-MidCo's primary focus will be in areas where affiliates of AELP and affiliates of EMG have active upstream operations. AE-MidCo plans to build a portfolio of midstream assets strategically focused on natural...

2014-06-17 12:31:01

HOUSTON, June 17, 2014 /PRNewswire/ -- Canyon Midstream Partners, LLC ("Canyon") today announced it has entered into a gathering and processing agreement with one of the Permian Basin's largest producers for midstream services on Canyon's James Lake System. "Canyon is pleased to add another world-class producer to our James Lake system," said Michael Walsh, President and CEO of Canyon. "Our customers have made significant acreage commitments to our project, and Canyon is responding...

2014-06-13 12:21:42

DALLAS, June 13, 2014 /PRNewswire/ -- Costar Bakken, LLC ("Costar") is conducting a binding Open Season for a proposed gathering system in McKenzie County, ND. Upon the successful completion of the Open Season process, Costar will immediately begin construction of the pipeline and associated facilities. Initial operations are expected to begin in the 4(th) Quarter, 2014. The crude oil gathering system will have initial capacity of 40,000 bbls/d and will gather crude oil for delivery...

2014-06-10 08:23:39

DENVER, June 10, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) reported today that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred Stock") in the amount of $0.578125 per share, payable on June 30, 2014 to stockholders of record as of June 20, 2014. The Series A Preferred Stock was issued on July 5, 2007 and trades on the NASDAQ Capital Market under the symbol "ESCRP." Annual Meeting of Stockholders...

2014-06-10 08:22:47

- Four new development projects that will significantly expand Summit Investments' current operating footprint in the Bakken Shale Play DALLAS, June 10, 2014 /PRNewswire/ -- Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP) and also owns a 56.8% limited partner interest in SMLP, today provided a commercial update for its wholly owned operating subsidiary,...

2014-06-09 16:22:09

DENVER, June 9, 2014 /PRNewswire/ -- Caliber Midstream Partners, L.P. ("Caliber") has appointed R. Poe Reed as President and Chief Executive Officer, effective June 9, 2014. In his role as President and Chief Executive Officer, Mr. Reed will be responsible for the overall leadership of the business as well as the execution of the company vision. He will be based at company headquarters in Denver, CO. Mr. Reed was previously Executive Vice President and Chief Commercial Officer for...


Word of the Day
callithump
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'
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