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.
Rattler Midstream, a subsidiary of Diamondback Energy, and Oryx Midstream Announce Joint Acquisition of Reliance Gathering
Rattler Midstream and Oryx Midstream
Rattler Midstream LP (Nasdaq: RTLR), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG), and Oryx Midstream, a portfolio company of Stonepeak Infrastructure Partners, announced that their newly-formed joint venture entity has entered into a definitive purchase and sale agreement to acquire Reliance Gathering, LLC for $355 million in cash, subject to certain adjustments under the purchase and sale agreement. The transaction is anticipated to close in the fourth quarter of 2019, subject to certain closing conditions.
Leading US Midstream Crude System Oryx Announces $550 Million Investment from QIA
Oryx Midstream Services (Oryx), the largest privately-held midstream crude operator in the Permian Basin, announced today that an affiliate of Qatar Investment Authority (QIA) has acquired a significant stake in Oryx from an affiliate of Stonepeak Infrastructure Partners (Stonepeak). In addition, QIA has committed to invest in the development of Oryx alongside Stonepeak. The total QIA investment in Oryx will be approximately $550 million.
Oryx Extends Binding Open Season For New Movements On Its Regional Transportation System
Oryx Delaware Oil Transport LLC announced today that it has extended its binding open season to secure volume commitments on two new crude oil transportation movements on its regional crude oil transportation system serving the liquids-rich Delaware Basin in Texas and New Mexico.