Caliber Midstream Expands Operations in North Dakota

Caliber Midstream Holdings, L.P. acquired assets previously owned by American Midstream Partners, L.P, in North Dakota. With the acquisition, Caliber now owns and operates 368 miles of pipeline across its four service lines in McKenzie County, North Dakota.

The acquired assets will widen Caliber’s area of operations within McKenzie County, North Dakota that includes a FERC-regulated 47-mile pipeline and related facilities with the ability to transport crude oil to the Tesoro High Plains Pipeline and the Energy Transfer Dakota Access Pipeline.

“This bolt-on acquisition is another step in executing our growth strategy. Our goal is to become a top-tier midstream company,” said Caliber Chief Executive Officer and President Daniel Werth. The company is scheduled to add 11 miles to its crude gathering and transmission system by year end.


Cayenne NGL Pipeline to Commence Full Operation

American Midstream Partners announced Wednesday that its Cayenne Pipeline joint venture with Targa Resources is now complete and that deliveries on the line can begin.

The Cayenne Pipeline will initially have a capacity of 40,000 barrels per day of Y-grade NGL and will be able to expand to 50,000 barrels per day.

The Cayenne Pipeline will begin at the Targa-operated Venice processing plant and end at Enterprise Products Partners' pipeline in Toca, Louisiana for delivery to Enterprise Products' Norco Fractionator.

American Midstream contributed an underutilized natural gas pipeline and converted it into high value, natural gas liquids service as part of the joint venture.

Both American Midstream and Targa Resources have 50 percent economic interest and 50 percent voting rights with Targa serving as the operator of the venture.

BOE Report

American Midstream to Acquire Southcross Energy Partners

American Midstream is acquiring Dallas-based Southcross Energy Partners, forming a $3 billion partnership, as a way to bolster its natural gas pipeline footprint in Texas and the Gulf Coast.

The deal also includes additional assets from Southcross Holdings, which allows American Midstream to capture the "full midstream value chain in the very prolific Eagle Ford basin," said President and CEO of Ameircan Midstream Lynn Bourdon III.

After the transaction, American Midstream will own and operate approximately 8,000 miles of crude, natural gas, and NGL pipelines among other complementary infrastructure.

Since relocating from Denver to Houston last year, American Midstream has also purchased JP Energy Partners and the Gulf of Mexico pipelines of Panther Asset Management.

Houston Chronicle

American Midstream Partners Begins Crude Deliveries to Dakota Access Pipeline

American Midstream Partners announced Monday that it began deliveries from its 40,000 barrel-per-day Bakken crude oil gathering system in North Dakota into the Dakota Access Pipeline.

American Midstream's connection to the Dakota Access Pipeline provides optionality to high-value market alternatives and take-away capabilities for gathered barrels and volume brought through American Midstream's trucking terminal.

"The connection is a continuation of our strategy to optimize the long-term value of our assets by giving producers a suite of services with strong market connectivity via multiple pipeline takeaway points," said Lynn Bourdon, President and CEO of American Midstream Partners.

American Midstream Partners is a growth-oriented limited partnership that currently owns or has ownership interest in about 4,000 miles of interstate and intrastate pipelines and other assets.

Business Wire