The repurchase of interests in its development company joint ventures with Stonepeak had previously been discussed during Targa Resources’ third-quarter earnings call last November.
The new platform will result in increased transparency, fewer data errors, less manual reconciliation and will minimize delays in transaction settlements.
New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.
Rattler Midstream acquired a minority interest in a gas gathering and processing JV servicing the Midland Basin where Diamondback Energy is deploying a majority of its development capital.
Sentinel Midstream established a JV with Exxon Mobil that will provide “the critical last-mile link for Permian, Gulf of Mexico and other barrels in the Houston crude oil market,” the company said.
Chevron and Bunge's proposed JV will include expanding Bunge's facilities in Destrehan, Louisiana, and Cairo, Illinois, to nearly double their capacity by 2024.
Andros Capital agreed to fund approximately $150 million to participate in a development drilling program targeting the Spraberry and Wolfcamp formations on MPDC’s Permian Basin position in Midland County, Texas
The company's CEO said the joint venture comes at an ideal time as the company continues to grow its footprint in the Permian Basin.
The combination with a vast majority of Plains All American’s Permian Basin assets is a “natural evolution of the Oryx growth story,” says Oryx Midstream CEO Brett Wiggs.