Riverstone Unit Acquires SCOOP/STACK/MERGE Pipeline, ROW
Mainline Midstream, LLC has acquired more than 1,000 miles of oil and gas pipeline and rights of way (ROW) in the SCOOP/STACK/MERGE resource play in Oklahoma, the wholly owned unit of Riverstone Holdings announced Wednesday.
Mainline Energy Partners, LLC, which manages the midstream company, plans to use the ROW to support development of oil and gas gathering, transport, storage, stabilization and processing facilities in the SCOOP/STACK/MERGE basin.
"We are excited to be working together with Riverstone again on this acquisition and development effort," William Shea, a member of Mainline Energy's leadership team, said in a press release. "We have enjoyed a long successful relationship since 2004 and are pleased to partner with Riverstone. The SCOOP/STACK/MERGE play is economically attractive, and our strategy is to develop infrastructure in the play, providing outlet optionality and allowing producers to focus on the drill bit and invest their capital efficiently."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- An Already Bad Situation in the Red Sea Just Got Worse
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- Oil Markets Were Already Positioned for Iran Attack
- Valeura Makes Three Oil Discoveries Offshore Thailand
- North America Breaks Rig Loss Streak
- EU Offers $900MM in Funding for Energy Infrastructure Projects
- Germany to Provide $2.3B Aid for Decarbonization of Industrial Sectors
- Mexico Presidential Frontrunner Plans to Spend Billions on RE, Gas Power
- Chile's ENAP Says Working on Decarbonization Plan
- House Votes to Sanction China's Purchase of Iranian Oil
- Macquarie Strategists Warn of Large Oil Price Correction
- JPMorgan CEO Says LNG Projects Delayed Mainly for Political Reasons
- USA, Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline Nears
- EIA Ups Brent Oil Price Forecast for 2024 and 2025
- Petrobras Discovers Oil in Potiguar Basin
- EIR Says Oil Demand Will Not Peak Before 2030
- Biden Plans Sweeping Effort to Block Arctic Oil Drilling
- Pantheon Upgrades Kodiak Estimates to 1.2 Billion Barrels
- Dryad Flags Red Sea 'Electronic Warfare' Alert
- USA Crude Oil Stocks Rise Almost 6MM Barrels WoW
- Oil and Gas Executives Predict WTI Oil Price
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Another Major Oilfield Discovery
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024