Irving, Texas — Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced a binding Open Season to solicit long-term commitments from shippers for firm transportation capacity on the Santa Rita Expansion and the Howard Expansion, collectively referred to as the “Expansion Project”. The Expansion Project consists of two new crude oil pipeline projects to expand and extend the geographic reach of the existing Medallion Pipeline system.
- The “Santa Rita Expansion” consists of a proposed new 4-mile pipeline, with a capacity of approximately 20,000 barrels per day. It will extend in a northward direction from a point of interconnection on Medallion’s existing Santa Rita Lateral in Reagan County, Texas to a point of interconnection on Medallion’s existing Midkiff Lateral in Glasscock County. Medallion also proposes to expand the capacity of the Santa Rita Lateral by 20,000 barrels per day and reconfigure the system so that it will be capable of bi-directional operations, allowing for deliveries to either the Reagan Station Interconnect with the Reagan Gathering Extension or to the Santa Rita-Midkiff Interconnect.
- The “Howard Expansion” consists of a proposed 15,000 barrel per day expansion of Medallion’s existing Howard Lateral and a new pipeline extending approximately 15 miles from the existing Howard Lateral to the northwest quarter of Howard County near the Martin, Dawson, and Borden County lines.
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 2017.
OPEN SEASON PROCESS
The Open Season begins on Tuesday, January 17, 2017 and ends at 5:00 pm Central Standard Time Wednesday, February 8, 2017; all bids must be submitted to Medallion during the Open Season period. 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 (“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.
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
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 $14.6 billion of regulatory assets under management and approximately $9.8 billion in commitments have been allocated across the energy sector since inception.
Open Season Inquiries
Medallion Pipeline Company, LLC
222 West Las Colinas Blvd., Suite 1140E
Irving, Texas 75039