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Terminal News

Nuevo Midstream buys Republic Midstream

Nuevo Midstream buys Republic Midstream
Nuevo Midstream Dos has entered into an agreement with an affiliate of ArcLight Capital Partners to buy Republic Midstream.

Republic owns and operates a crude oil gathering, storage and intermediate transportation system in the Eagle Ford Shale.

Nuevo Midstream plans to expand the system with 300,00 barrels of crude oil storage and a six-bay truck station. The system, which consists of 1,000 miles of gathering pipeline that feeds a central delivery point, also includes a 26-mile intermediate pipeline that moves volumes from the central delivery point to the Kinder Morgan crude and condensate pipeline 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 in the second quarter of 2019.



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