NGL Energy Partners, Meritage Midstream announce formation of JV NGL Energy Partners LP and Meritage Midstream Services II, LLC announced that the companies are forming a joint venture to develop crude oil gathering and water services infrastructure to serve oil and gas producers in Wyoming’s Powder River Basin. The joint venture will focus on crude oil and wastewater gathering pipelines, pipeline injection terminals, wastewater and solid waste disposal facilities, and fresh water supply. The joint venture plans to have access to and operate on Meritage’s dedicated acreage in the Powder River Basin. NGL and Meritage are also committed to exploring pipeline connectivity options from the Powder River Basin in order to best serve Meritage’s and NGL’s customers. In addition, the partners will evaluate the use of NGL’s regional assets to capture optimal downstream marketing capabilities at both Cushing and the Gulf Coast markets.
Credit Suisse to hold a conference 2015 MLP & Energy Logistics Conference is being held in New York on June 23-24 with webcasted company presentations to begin on June 24 at 8 am; not all company presentations may be webcasted. Webcast Link