124 mile gas pipeline system acquired by Multifuels Midstream
Published by Stephanie Roker,
Editor
World Pipelines,
Multifuels Midstream Group, LLC (Multifuels), a portfolio company of Warren Equity Partners, recently purchased 124 miles of high pressure gas pipeline in central Texas from a large publicly traded Master Limited Partnership (MLP), and will repurpose the pipeline with new pipe construction; new interconnects including gas measurement and pressure regulation.
The completed pipeline system will serve end use customers in the Bastrop to Hallettsville, TX corridor, via an anchor long term contract. The new construction is expected to be completed by end of 2018.
The acquisition is Warren Equity Partners’ first add-on to its Multifuels platform investment, which was closed in January 2016 in partnership with Multifuels L.P. to build an operating company focused on gas distribution to utility customers and other end users of natural gas.
Read the article online at: https://www.worldpipelines.com/business-news/12012017/124-mile-gas-pipeline-system-acquired-by-multifuels-midstream/
You might also like
World Pipelines Podcast: Working shoulder to shoulder, with TDW
In this episode, Elizabeth Corner speaks to Matt Romney, Product Line Director for Pipeline Integrity, T.D. Williamson, about TDW's perspective on the benefits of working with pipeline membership organisations.
Northwind Midstream Partners announces permitting of third AGI injection well, final approval of MRV plan, and the completion of new compressor station
Northwind’s gathering and compression network, which is designed specifically to manage produced natural gas with high levels of hydrogen sulfide and carbon dioxide, includes over 200 miles of large-diameter steel pipelines and 47 250 horsepower of compression across five compressor stations
