Positive Industry News and Events
Midstream
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Williams Announces Executive Management Changes
May 5, 2025 President and CEO Alan Armstrong to become Executive Chairman, effective July 1, 2025 Executive Vice President Chad Zamarin named President and CEO, effective July 1, 2025 TULSA, Okla.–(BUSINESS WIRE)–May 5, 2025– Williams (NYSE: WMB) today announced that effective July 1, 2025, President and CEO Alan Armstrong will become executive chairman of the […] More
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Phillips 66 Pushes Forward on Wellhead-to-Market Strategy with New Permian Gas Plant
Phillips 66 is advancing its wellhead-to-market strategy with the announcement of the Iron Mesa gas plant, a 300 million cubic feet per day (MMcf/d) facility slated to begin operations in early 2027. Located in Ector County, Texas, near the company’s existing Goldsmith plant, Iron Mesa will provide natural gas processing services for production from both […] More
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Sunoco LP to Acquire Parkland Corporation in Transaction Valued at $9.1 Billion
DALLAS, May 5, 2025 /PRNewswire/ — Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and Parkland Corporation (TSX: PKI) (“Parkland”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt. As […] More
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Kinder Morgan: Introducing Autumn Hills RNG
We are excited to announce the launch of our latest renewable natural gas (RNG) facility, Autumn Hills RNG. Located in Zeeland, Michigan, this RNG plant captures landfill gas from Autumn Hills Landfill and has approximately 0.8 billion cubic feet (Bcf) of RNG capacity annually. Autumn Hills RNG is Kinder Morgan RNG’s first RNG plant in […] More
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$9 Billion Acquisition: Brookfield Infrastructure Announces the Acquisition of Colonial Enterprises
BROOKFIELD, News, April 03, 2025 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) and its institutional partners (collectively, “Brookfield Infrastructure”) reached a definitive agreement to acquire 100% of the world-class midstream asset portfolio Colonial Enterprises (“Colonial”), which includes the Colonial Pipeline, for an enterprise value of approximately $9 billion or 9x […] More
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WhiteWater Midstream Reaches FID for Traverse Pipeline
AUSTIN, Texas, April 3, 2025 /PRNewswire/ — WhiteWater today announced that WhiteWater, MPLX LP (NYSE: MPLX), and Enbridge Inc. (NYSE: ENB), through the WPC joint venture (“WPC”), have partnered with an affiliate of Targa Resources Corp. (NYSE: TRGP) and have reached final investment decision to move forward with the construction of the Traverse Pipeline, having […] More
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$2.2 Billion Acquisition Complete: Phillips 66 completes acquisition of EPIC NGL
This Article Brought to You by: HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) announced today the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems (“EPIC NGL”) for total cash consideration of approximately $2.2 billion. “This […] More
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ArcLight Acquires $865 Million Gulf Coast Pipeline Stake from Phillips 66
ArcLight Capital Partners, LLC has completed the acquisition of a 25% equity stake in Gulf Coast Express Pipeline LLC (GCX) from an affiliate of Phillips 66 for $865 million. Following the transaction, GCX is now co-owned by subsidiaries of Kinder Morgan Inc. (KMI) and ArcLight, with KMI continuing as the pipeline’s operator. The 500-mile GCX […] More
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Voyager Midstream Closes on Acquisition of Interest in Panola Pipeline and Inaugural Credit Facility
HOUSTON, TX — Voyager Midstream Holdings (“Voyager”), a portfolio company of Pearl Energy Investments, announced today that it recently closed on the acquisition of a non-operated interest in the Panola Pipeline from Phillips 66. Operated by Enterprise Products Partners, the 254-mile Panola Pipeline originates in Panola County, Texas and transports Y-Grade natural gas liquids to […] More
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