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

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

MARKET WATCH: Crude oil futures end trading session higher in New York

08/29/2014

Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

EIA: US sees lowest pre-Labor Day gasoline prices in 4 years

08/29/2014 US retail prices for regular gasoline averaged $3.45/gal on Aug. 25, which was lowest price on a Monday preceding the Labor Day holiday in the US s...

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