The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
SWEPI LP, an affiliate of Royal Dutch Shell Plc, retained EnergyNet for the sale of the National Transit Pipeline across Pennsylvania, New York and West Virginia through a sealed-bid offering closing Oct. 15.
Comprising about 221 miles of total pipeline, National Transit Pipeline is split into three parts: West Pennsylvania, East Pennsylvania and New York. Associated right of way for these lines are located in highly valuable areas, including within the Appalachian Basin, according to EnergyNet.
The West and East Pennsylvania lines were installed in the early 1900s and were used for crude oil transport. The New York line was installed in the 1940s and was used for gasoline transport.
- 221.20 Miles in the National Transit Pipeline:
- West Pennsylvania - 139.23 Miles
- East Pennsylvania - 55.84 Miles
- New York - 26.12 Miles
- West and East Pennsylvania Lines were Installed in the early 1900s
- Used for Crude Oil Transport
- New York line was Installed in the 1940s
- Used for Gasoline Transport
- Associated Right of Way for these lines located along the Ohio River and Highway Crossings
Bids are due by 4 p.m. CDT Oct. 15. Transaction's close targeted for Dec. 15.
For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
2023-10-13 - The oil and gas rig count, an early indicator of future output, rose three to 622 in the week to Oct. 13.
2023-09-22 - U.S. oil rigs fell by eight to 507 this week, their lowest since February 2022, while gas rigs dropped by three to 118.
2023-09-08 - U.S. energy firms this week increased the number of oil rigs operating for the first time since June.
2023-09-15 - Despite this week's rig increase, Baker Hughes said the total count was still down 122, or 16%, below this time last year.
2023-11-10 - The combined oil and natural gas rig count, traditionally an early indicator of future output, fell by two to 616 in the week to Nov. 10, the lowest since February 2022.