Moda Midstream LLC
About
Moda Midstream LLC is a liquids terminaling and logistics company that provides independent terminal, storage and distribution solutions to refiners, petrochemical manufacturers, marketers and producers of crude oil, condensate, NGL, refined products and other bulk liquids. Moda concentrates on providing safe, reliable solutions to third parties. Moda’s mission is to be the logistics and terminaling provider of choice. Moda is backed by EnCap Flatrock Midstream.
Editor's note: Updated Sept 7, 2021.
Transactions
Enbridge Acquires EnCap Flatrock-backed Moda Midstream in $3 Billion Cash Deal
Enbridge Acquires EnCap Flatrock-backed Moda Midstream in $3 Billion Cash Deal
Oxy Sells Terminal, Pipeline In 2 Deals Worth $2.6 Billion
Oxy Sells Terminal, Pipeline In 2 Deals Worth $2.6 Billion
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
Subscribe to Access
Instantly unlock over 15 years of A&D transactions and financing data.
New Financings
Received commitments from private-equity firm EnCap Flatrock Midstream.
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
Subscribe to Access
Instantly unlock over 15 years of A&D transactions and financing data.
News
Moda Midstream II Receives Financial Commitment for Next Round of Development
Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.
Moda Closes Sale of Vopak Moda Houston Terminal Interest
Moda, backed by EnCap Flatrock Midstream, sold its joint venture interests in the terminal to Madrid’s Exolum.
Exolum To Buy 50% Share of Moda Midstream’s NGL Storage Terminal
The transaction is expected to close in the first quarter of 2024.
Forty Under 40: Ian Levine, Moda Midstream
Today’s featured Forty Under 40 honoree is Ian Levine, vice president of strategy and CFO of Moda Midstream, which recently sold its holdings in the Ingleside Energy Center to Enbridge in a $3 billion cash transaction.
Enbridge Acquires EnCap Flatrock-backed Moda Midstream in $3 Billion Cash Deal
The acquisition of Moda Midstream, which includes 100% operating interest in the Ingleside Energy Center—North America’s largest crude export terminal—significantly advance Enbridge’s U.S. Gulf Coast export strategy.
Midstream Projects Update: Is 2020 Over Yet?
On the Gulf Coast, storage facilities and pipelines are moving forward. Elsewhere, COVID-19 and the courts are causing headaches.
Despite Short-term Pain, Oil and Gas Leaders Stress Infrastructure Gain
Executives and politicians discuss ways to position the industry for the coming rebound.
Moda Midstream Completes 10 MMbbl Storage Expansion at Texas Facilities
Storage in the two terminals now totals about 12 MMbbl.
Moda Drinks In Success From ‘Best Water’
The company’s CEO describes how its terminal in Ingleside, Texas, connects the Permian Basin to the largest crude oil carriers in the world.
Midstream Texas: From The Wellhead To The Water (2019)
The export boom requires substantial investment in new terminaling infrastructure.
Moda Midstream Eyes Second Supertanker Berth At Texas Terminal
Ingleside expansion to coincide with launches of three pipelines in the second half of the year.