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Holly Energy Partners said Thursday it had bought out Enbridge’s 50 percent stake in the Frontier Pipeline for an undisclosed amount.
The deal will send about 1,000 miles of natural gas gathering pipelines and 60-million cubic foot processing plant from Denver-based DCP Midstream to The Woodlands-based Navitas.
A utilities board that will soon decide whether to allow a private company to build an oil pipeline in Iowa says it has received roughly 3,700 objections on the project.
Those against PennEast’s proposal said during the mile-long march they’re concerned the pipeline would badly damage the landscape and natural resources in the region, and lower property values.
Some leaks are decades old.
Denver-based MarkWest Energy Partners, which is being bought my Marathon’s MPLX master-limited partnership for $14.7 billion, is leading the project through a long-term contract with the newly formed Ascent Resources — a new standalone company that was part of Aubrey McClendon’s American Energy Partners.
Plains disclosed the ongoing probes and the possibility of civil and criminal charges tied to the incident in an earnings filing this week.
During the second quarter, analysts at PwC tracked 47, $50 million-or-larger oil and gas deals, totaling $38.8 billion.
Plains All American raised Wednesday its worst-case estimate for how much oil spilled from its ruptured Santa Barbara pipeline last May.
The proposed Delaware Basin Crude Gathering Pipeline would have a capacity of 120,000 barrels per day of crude oil and consist of three gathering systems totaling about 130 miles of pipeline.