Nuevo Midstream to acquire Republic Midstream

March 20, 2019
Nuevo Midstream Dos plans to expand a crude oil gathering, storage, and intermediate transportation system in the Eagle Ford shale following completion of a deal to acquire Republic Midstream from an affiliate of ArcLight Capital Partners.

Nuevo Midstream Dos LLC, Houston, plans to expand a crude oil gathering, storage, and intermediate transportation system in the Eagle Ford shale following completion of a deal to acquire Republic Midstream LLC from an affiliate of ArcLight Capital Partners.

The system currently consists of some 100 miles of gathering pipeline in Gonzales, Lavaca, and Dewitt counties in Texas that feeds a central delivery point (CDP) near Shiner, Tex., with 300,000 bbl of crude oil storage and a six-bay truck station. It also includes a 26-mile intermediate pipeline, with a maximum capacity of 120,000 b/d of oil, that carries volumes from the CDP to the Kinder Morgan Crude and Condensate Pipeline (KMCC) and the Eagle Ford Crude Oil Pipeline System, which is owned and operated by Enterprise. The Kinder Morgan and Enterprise pipelines deliver crude and condensate to multiple terminals with access to refineries, petrochemical plants, and export terminals on the Texas Gulf Coast.

The transaction is expected to close early in this year’s second quarter.