Plains All American and Oryx Midstream Complete Formation of Permian Basin Joint Venture
Oyrx Midstream and Plains All American
Plains All American and Oryx Midstream Announce Permian Basin Joint Venture
Oryx Midstream and Plains All American
HOUSTON & MIDLAND, TX – July 13, 2021 – Plains All American (Nasdaq: PAA & PAGP) (“Plains”) and Oryx Midstream Holdings LLC (“Oryx”), a portfolio company of Stonepeak Infrastructure Partners, today announced they have entered into a definitive agreement to merge their respective assets, operations and commercial activities within the Permian Basin into a newly formed strategic joint venture, Plains Oryx Permian Basin LLC (“Plains Oryx Permian Basin” or the “JV”).
Oryx Launches Binding Open Season Related to a Proposed New Gathering System
Oryx Delaware Oil Transport LLC (ODOT) announced today the launch of a binding open season to obtain volume commitments to support a proposed new gathering system that, upon completion, would be capable of transporting crude petroleum from certain receipt points located in Eddy County, New Mexico to an Interconnect with the Trans Permian Pipeline System at Carlsbad Station, for further transportation. The open season begins at 8:00 a.m. CDT today, October 14, 2020 and is scheduled to end at 5:00 p.m. CST on November 13, 2020.
Oryx Launches Binding Open Season Related to a Proposed Expansion of the Oryx Delaware Oil Transport Pipeline System
Oryx Delaware Oil Transport LLC (ODOT) announced the launch of a binding open season to obtain volume commitments to support a proposed expansion of a portion of ODOT’s pipeline system. Specifically, the company is proposing an expansion of capacity on the ODOT system from ODOT’s Crane Station in Crane, Texas to the destination point at Gray Oak Pipeline, LLC’s Crane Station, also in Crane, Texas (Expansion). The Open Season begins at 8:00 a.m. CDT today, May 18, 2020 and is scheduled to end at 5:00 p.m. CDT on June 17, 2020.
Oryx Midstream buying Targa’s Permian assets
Just days after Targa Resources announced plans to sell its Permian Basin crude oil gathering network, the assets were snapped up. Midland’s Oryx Midstream has agreed to pay $135 million for the assets in a deal expected to close next month, according to Brett Wiggs, Oryx CEO.