Medallion Pipeline Launches Binding Open Season – Howard Lateral and Wolfcamp Expansion
Irving, Texas, February 9, 2016 — Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced a binding Open Season which solicits long-term commitments from shippers for firm transportation capacity on the third major expansion of Medallion’s existing crude oil pipeline system. The current project proposed by the Open Season will further extend and expand the geographic scope of the existing 320-mile system:
- The “Howard Lateral” is a proposed 45,000 barrel per day bi-directional crude oil pipeline which will extend from multiple origin points in Howard County, Texas approximately 49 miles to the southeast to a new point of interconnection on Medallion’s Wolfcamp Connector mainline system in Glasscock County, Texas.
- An integral part of the overall project is a proposed 30,000 barrel per day expansion of Medallion’s existing Wolfcamp Connector mainline system which originates at the Garden City Station in Glasscock County and extends approximately 60 miles north to the Colorado City hub in Scurry County, Texas.
Medallion is conducting the binding Open Season to obtain long-term volume commitments for firm transportation capacity on the Howard Lateral and the Wolfcamp Connector expansion (referred to as the “Expansion Project”). The Open Season provides an opportunity for interested shippers to acquire long-term firm capacity, under minimum 10-year term Transportation Service Agreements and other eligibility requirements, as a Committed Firm Shipper on the Expansion Project. The Expansion Project is expected to commence full commercial operations in the second quarter of 2016, although certain segments of the Expansion Project may commence service on an interim basis on an earlier date.
Open Season Process
The Open Season began on Tuesday, February 9, 2016 and ends on Friday, February 26, 2016. All bids must be submitted to the Medallion representative listed below by 5:00 pm Central Standard Time on or before February 26, 2016. Bona fide prospective Shippers may obtain copies of the Transportation Service Agreement, as well as the proposed Federal Energy Regulatory Commission and Texas Railroad Commission Tariffs (the “Confidential Open Season Documents”), by contacting the Medallion representative listed below. Medallion requires a prospective shipper to execute a Confidentiality Agreement prior to delivery of these documents. More information concerning the Expansion Project, and the binding Open Season is available on the Medallion website www.medallionmidstream.com or by contacting the Medallion representative listed below.
Medallion Pipeline Company, LLC
222 West Las Colinas Blvd., Suite 1140E
Irving, Texas 75039
Attention: Paige Snider
About Medallion Midstream, LLC
Medallion Midstream is an Irving, Texas based full services midstream provider specializing in the design, construction and operation of natural gas and crude oil infrastructure. Medallion delivers responsive, reliable and comprehensive services and solutions for its customers. Medallion is a portfolio company of The Energy & Minerals Group. To learn more about Medallion, please contact Paige Snider or visit www.medallionmidstream.com.
About The Energy & Minerals Group
EMG is the management company for a series of specialized private equity funds. The Firm was founded by John Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $16.5 billion of regulatory assets under management and approximately $9.4 billion in commitments have been allocated across the energy sector since inception.