Trailblazer Pipeline

Kinder Morgan Closes on Stagecoach Assets

Retrieved on: 
Friday, July 9, 2021

Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced acquisition of the business of Stagecoach Gas Services LLC (Stagecoach).

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced acquisition of the business of Stagecoach Gas Services LLC (Stagecoach).
  • The Stagecoach assets include 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and a network of FERC-regulated natural gas transportation pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary.
  • Natural gas continues to play a vital role as both a low emission fuel source and as a backstop to intermittent renewable power generation.
  • Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America.

Kinder Morgan to Purchase Stagecoach Gas Services

Retrieved on: 
Tuesday, June 1, 2021

Kinder Morgan, Inc. (NYSE: KMI) today announced that it has agreed to acquire Stagecoach Gas Services LLC (Stagecoach), a natural gas pipeline and storage joint venture between Consolidated Edison, Inc. (NYSE: ED) and Crestwood Equity Partners LP (NYSE: CEQP).

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) today announced that it has agreed to acquire Stagecoach Gas Services LLC (Stagecoach), a natural gas pipeline and storage joint venture between Consolidated Edison, Inc. (NYSE: ED) and Crestwood Equity Partners LP (NYSE: CEQP).
  • Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary.
  • Acquiring Stagecoach will enhance our service to customers in this part of the country, said KMIs President of Interstate Natural Gas Pipelines Kimberly S. Watson.
  • These natural gas pipeline and storage facilities help connect natural gas supply sources and Northeast demand areas.

Kinder Morgan and Brookfield Infrastructure Announce Minority Interest Sale in Natural Gas Pipeline Company of America LLC

Retrieved on: 
Monday, February 22, 2021

Kinder Morgan, Inc. (NYSE: KMI) and Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (Brookfield Infrastructure) today jointly announced that they have agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America LLC (NGPL) to a fund controlled by ArcLight Capital Partners, LLC (ArcLight) for $830 million.

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) and Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (Brookfield Infrastructure) today jointly announced that they have agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America LLC (NGPL) to a fund controlled by ArcLight Capital Partners, LLC (ArcLight) for $830 million.
  • Upon closing, KMI and Brookfield Infrastructure will each hold a 37.5% interest in NGPL, and KMI will continue to operate the pipeline.
  • Kinder Morgan and Brookfield Infrastructure are pleased to welcome ArcLight into the NGPL joint venture, said Kinder Morgan Natural Gas Pipelines President Tom Martin.
  • We believe this investment shows the value of natural gas infrastructure both today and in the decades to come.

Tallgrass Energy Names Crystal Heter Chief Operating Officer

Retrieved on: 
Tuesday, July 14, 2020

Tallgrass Energy, LP today announced that its Board of Directors has appointed Crystal Heter as Chief Operating Officer, effective immediately.

Key Points: 
  • Tallgrass Energy, LP today announced that its Board of Directors has appointed Crystal Heter as Chief Operating Officer, effective immediately.
  • Heter has been with Tallgrass since its inception in 2012, and most recently served as Segment President, Natural Gas Transportation and President of the Rockies Express Pipeline (REX).
  • Crystal is an outstanding addition to Tallgrass Energys executive team, said Tallgrass CEO William R. (Bill) Moler.
  • Tallgrass Energy, LP is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nations most prolific crude oil and natural gas basins.

Tallgrass Energy Announces New President

Retrieved on: 
Tuesday, December 3, 2019

Tallgrass Energy, LP (NYSE: TGE) today announced that the Board of Directors of its general partner has appointed Matthew P. Matt Sheehy as President of Tallgrass Energy, effective immediately.

Key Points: 
  • Tallgrass Energy, LP (NYSE: TGE) today announced that the Board of Directors of its general partner has appointed Matthew P. Matt Sheehy as President of Tallgrass Energy, effective immediately.
  • Sheehy originally joined Tallgrass Energy at inception in 2012 and held a number of roles, including President of Rockies Express Pipeline LLC and Senior Vice President and Chief Commercial Officer for Tallgrass Energy.
  • His in-depth knowledge of the midstream sector and his impressive ability to identify and commercialize energy infrastructure projects will once again add value to Tallgrass.
  • Tallgrass Energy, LP (NYSE: TGE) is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nations most prolific crude oil and natural gas basins.

Noble Energy Closes on Acquisition of Interest in the Eastern Mediterranean Gas (EMG) Pipeline

Retrieved on: 
Wednesday, November 6, 2019

Noble Energy, Inc. (NYSE: NBL) (Noble Energy or the Company) announced today that the Company and its partners have closed on the acquisition of a 39 percent equity interest in the Eastern Mediterranean Gas Company S.A.E.

Key Points: 
  • Noble Energy, Inc. (NYSE: NBL) (Noble Energy or the Company) announced today that the Company and its partners have closed on the acquisition of a 39 percent equity interest in the Eastern Mediterranean Gas Company S.A.E.
  • The pipeline will be used to transport natural gas volumes into Egypt under the Companys gas supply agreements with Dolphinus Holdings (Dolphinus).
  • Noble Energys net acquisition investment in the EMG Pipeline totaled $185 million, and the Companys effective interest in the pipeline is 10 percent.
  • The EMG Pipeline is a 90-kilometer pipeline, located primarily offshore, that serves as a connection between the Israeli pipeline network and the Egyptian pipeline network.

SMLP Announces Start-Up of DJ Basin Processing Plant

Retrieved on: 
Monday, July 15, 2019

THE WOODLANDS, Texas, July 15, 2019 /PRNewswire/ --Summit Midstream Partners, LP (NYSE: SMLP) announced today the successful commissioning of its new 60 MMcf/d cryogenic processing plant in the DJ Basin.

Key Points: 
  • THE WOODLANDS, Texas, July 15, 2019 /PRNewswire/ --Summit Midstream Partners, LP (NYSE: SMLP) announced today the successful commissioning of its new 60 MMcf/d cryogenic processing plant in the DJ Basin.
  • The new facility, which substantially increases SMLP's prior processing capacity in the DJ Basin, delivers residue gas to Colorado Interstate Gas and Trailblazer Pipeline and processed NGLs to the Overland Pass Pipeline.
  • In addition, SMLP expects the new plant to operate more efficiently and to generate substantially higher NGL recoveries compared to SMLP's legacy 20 MMcf/d processing facility.
  • SMLP estimates that the new facility will enable annualized DJ Basin segment adjusted EBITDA for the second half of 2019 to more than triple the $7.6 million of DJ Basin segment adjusted EBITDA reported in all of 2018.

Genesis Energy, L.P. to Present at MLP & Energy Infrastructure Conference

Retrieved on: 
Tuesday, May 14, 2019

Genesis Energy, L.P. (NYSE: GEL) announced today that Grant Sims, CEO, is scheduled to participate in the 2019 MLP & Energy Infrastructure Conference (MEIC) sponsored by the Master Limited Partnership Association.

Key Points: 
  • Genesis Energy, L.P. (NYSE: GEL) announced today that Grant Sims, CEO, is scheduled to participate in the 2019 MLP & Energy Infrastructure Conference (MEIC) sponsored by the Master Limited Partnership Association.
  • The conference is being held May 14 through May 16, 2019 in Las Vegas, Nevada.
  • Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas.
  • Genesis operations include offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation.