IRVING, TEXAS, December 6, 2016 – Medallion Midstream, LLC and its affiliate, Medallion Midstream Services, LLC, (Medallion) today announced that it has entered into a letter of intent to construct a new Delaware Basin crude oil pipeline system to provide crude oil gathering and transportation services for Parsley Energy (NYSE: PE) (Parsley). The new pipeline ...

FINDLAY, Ohio, Dec. 4, 2015 – MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. today announced the completion of the previously announced merger by which MarkWest became a wholly owned subsidiary of MPLX. As of this morning, MarkWest ceased to be a publicly traded partnership and its common units discontinued trading on the New York ...

HOUSTON–(BUSINESS WIRE)–Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) announced the closing of the transactions (the “Simplification Transactions”) contemplated by the July 11, 2016 Simplification Agreement entered into by such parties and certain affiliated entities (the “Simplification Agreement”). In satisfaction of one of the conditions to the closing of the Simplification Transactions, ...

OKLAHOMA CITY, Nov. 10, 2016 /PRNewswire/ — Ascent Resources, LLC (“Ascent”), announced today that it entered into agreements to sell approximately 3.5 billion common units (“Common Units”) in a private placement transaction, which is expected to result in net proceeds to Ascent of approximately $787 million. Upon closing, Ascent will contribute $175 million of proceeds from ...

OKLAHOMA CITY, July 1, 2016 /PRNewswire/ — White Star Petroleum, LLC (“White Star”) today announced that it has completed the previously announced acquisition of Mississippi Lime and Woodford Shale assets (the “Acquisition”) from Devon Energy Corporation (DVN) for $200 million net of customary closing adjustments. The acquired assets include approximately 210,000 net acres in Central Northern ...

HOUSTON, TX–(Marketwired – Apr 26, 2016) – Lodestar Energy Group (LEG) is developing a new multi-modal site at the Gulf Inland Logistics Park near Dayton, Texas. The logistically-advantaged site will contain two facilities: a rail-served Natural Gas Liquids (NGL) facility and a complementary rail car storage yard. “This is the perfect time to open both an ...

OKLAHOMA CITY, April 20, 2016 /PRNewswire/ — American Energy – Woodford, LLC today announced that, effective March 25, 2016, the company changed its name to White Star Petroleum, LLC (“White Star”). As originally intended and previously announced by White Star’s sponsor, The Energy and Minerals Group (“EMG”), White Star will complete its transition to a standalone company, fully independent ...

IRVING, Texas–(BUSINESS WIRE)–Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced the successful closing of the binding open season for its proposed crude oil pipeline extension, (the “Howard Lateral”). As previously announced, the binding open season for the Howard Lateral commenced on February 9, 2016. Based on a binding capacity bid received ...

LEAWOOD, Kan.–(BUSINESS WIRE)– Tallgrass Development, LP (“Tallgrass”) announced today that its wholly owned subsidiary, Rockies Express Holdings, LLC, has signed a purchase agreement with a unit of Sempra U.S. Gas and Power (“Sempra”) to acquire Sempra’s 25 percent membership interest in Rockies Express Pipeline LLC (“REX”) for cash consideration of $440 million, subject to adjustment ...

OKLAHOMA CITY, March 23, 2016 /PRNewswire/ — American Energy – Permian Basin, LLC and its parent, American Energy Permian Holdings, LLC, today announced the renaming of the companies to Permian Resources, LLC and Permian Resources Holdings, LLC, respectively, consistent with previously announced plans to transition to a standalone company, fully independent of the broader American ...

OKLAHOMA CITY, March 14, 2016 /PRNewswire/ — Ascent Resources, LLC (“Ascent”), announced today that on March 10, 2016 it entered into agreements to sell approximately 2.2 billion common units (“Common Units”) in a private placement transaction, which is expected to result in net proceeds to Ascent of approximately $500 million bringing the total amount of ...

HOUSTON, TEXAS – MARCH 3, 2016: The Energy & Minerals Group (EMG) shares in the energy industry’s mourning over the sudden and tragic passing of AELP’s founder and owner, Aubrey K. McClendon. Through the formation of seven separate and distinct businesses in Oklahoma City he created thousands of jobs and captured some of the most ...