Meritage Midstream to buy Thunder Creek Gas Services

Meritage Midstream Services II LLC reported it will acquire 100% ownership of Thunder Creek Gas Services LLC from Devon Energy Corp. and PVR Partners LP. The price for the deal was undisclosed.

Thunder Creek owns and operates natural gas gathering, treating, and processing assets in Wyoming’s Powder River basin, including more than 500 miles of high- and low-pressure gas gathering pipelines, three natural gas treating facilities, compression and gas processing facilities, and various NGL and condensate handling facilities. The transaction closed on Aug. 19.

Meritage said the acquisition enhances its midstream footprint in the country’s emerging shale basins.

The company has an aggressive plan for expansion of the Thunder Creek system, noted Steve Huckaby, Meritage Midstream chairman and chief executive officer.

Meritage also is developing the Black Thunder Terminal, a joint venture with Arch Coal. The terminal, in Campbell County, Wyo., at Arch Coal’s Black Thunder mining complex, will provide storage, blending, and rail loading services for crude oil and condensate produced in the Powder River basin. Meritage expects to expand the Thunder Creek gathering system to provide pipeline service to the terminal.

Related Articles

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected