Binding Open Season Announced by Medallion

Binding open season to solicit long-term, firm shipper commitments for an expansion of the crude oil pipeline system in the Midland Basin was announced by Medallion Pipeline Company, LLC. The open season began on 24 September 2019 and will end at 4.00 pm CDT, Friday 18 October 2019.

The pipeline system consists of approximately 800 miles of 6 inch diameter and larger crude oil pipeline. Medallion plans to expand two pipeline segments to transport increased quantities of crude oil, produced from acreage proximate to Medallion’s system, to downstream pipelines and markets.

Medallion also plans to construct an operational loop of its existing Howard Lateral and an expansion of its Midkiff Lateral from the Garden City Station to the Midkiff Station.

The Medallion pipeline, which consists of eight pipeline segments located in Crane, Glasscock, Howard, Irion, Martin, Midland, Mitchell, Reagan, Scurry and Upton counties, all within the state of Texas, serves as an intrabasin header system providing diversified market access to ten downstream pipelines that interconnect with the Medallion system at Medallion’s Crane Hub, Midland Hub, and Colorado City Hub.


Binding Open Season Announced for Medallion Pipeline

A binding open season was launched by Medallion Pipeline Company, LLC to solicit binding, long-term commitments for firm transportation utilizing capacity that Medallion has leased on the crude oil pipeline owned by EPIC Crude Pipeline, LLC.

The currently constructing EPIC Pipeline will provide potential shippers with access to multiple destination points including refinery and crude oil export markets through the Port of Corpus Christi.

According to the company, prospective shippers will have the opportunity to participate in the open season to acquire firm transportation capacity by making a minimum volume commitment of 10,000 barrel per day to Medallion pursuant to a volume commitment transportation agreement.

The open season started on 19 July 2019 and will end on Friday 16 August 2019 at 4.00 pm Central Daylight Time.


Medallion Midstream Asks for Bids for New Expansion

Irving-based Medallion Midstream announced an open season on Monday and is asking for bids as it anticipates a planned expansion.

The West Texas crude oil pipeline system will make a major expansion in the Midland Basin. The oil field is part of the larger Permian Basin, which has seen enormous growth in oil and gas production over the last few years.

Medallion said that the plan was to place new 16-inch pipes along its existing pipeline system, without specifying how many miles would be added, nor the capacity.

Currently, the system runs approximately 700 miles of six-inch diameter pipe.

The expansion comes a week after Oryx Midstream Services announced its own expansion of regional crude oil pipeline in which it will add 180 miles to its existing system.

Houston Chronicle

Medallion Midstream to Construct Crude Oil Pipeline in Texas

Medallion Midstream announced Tuesday that it plans to construct a new Delaware Basin crude oil pipeline system to provide gathering and transportation services for Parsley Energy.

The pipeline will consist of 45 miles of 16-inch mainline and 25 miles of smaller gathering pipelines with a crude oil station located in Pecos County. The pipeline is planned to start in the Parsley leases, which are located in Pecos County and Reeves County, and end in Crane County, Texas.

Medallion Midstream and Parsley Energy expect to finalize the agreement in the first quarter of 2017, and the pipeline is expected to be complete by June 2017.

“We are honored that Parsley has chosen Medallion to provide crude oil gathering and transportation services for its core Delaware Basin acreage. Parsley is one of the most recognized and dynamic companies in the energy space today and we are excited to continue our partnership with them,” Medallion CEO Randy Lentz said in a statement.

Business Wire