Caliber completes acquisition of North Dakota assets
Caliber Midstream Holdings, L.P. (Caliber) has acquired the North Dakota assets previously owned by American Midstream Partners, LP (American Midstream). The acquisition expands Caliber’s crude oil gathering and transportation service lines and widens Caliber’s area of operations within McKenzie County, North Dakota.
The acquired assets include a FERC-regulated crude oil gathering and pipeline transportation system consisting of a 47-mile pipeline and related facilities with the ability to transport crude oil to the Tesoro High Plains Pipeline and the Energy Transfer Dakota Access Pipeline. The system provides regional producers with flexibility and access to refinery, rail and pipeline markets. The system also has the capability to receive volumes through its truck rack.
With the acquisition, Caliber now owns and operates 368 miles of pipeline across its four service lines in McKenzie County, North Dakota. In addition, Caliber is scheduled to add 11 miles to its crude gathering and transmission system by year end.
Holland & Hart LLP served as legal counsel to Caliber.
Country updates
-
-
August 16, 2019
MBCP commits 1000 MW offtake deal in 7.5 GW Castle Wind floating project in Morro Bay
The Community Choice energy provider, Monterey Bay Community Power (MBCP), has signed a memorandum of understanding (MoU) with Castle Wind LLC, the developer of the 7.5 GW Castle Wind floating pr...
Read more -
August 15, 2019
SPI Energy enters into agreement to acquire up to 21 MW of solar portfolio in US
SPI Energy Co., Ltd. (SPI Energy), a global provider of photovoltaic solutions for business, residential, government and utility customers and investors, has announced the execution of a framework agr...
Read more -
August 15, 2019
South Dakota Public Utility Commission approves 200 MW Sweetland Wind Farm
Scout Clean Energy (Scout), a Colorado based renewable energy developer-owner-operator, has announced that South Dakota Public Utilities Commission granted approval for a construction permit for the 2...
Read more -
August 15, 2019
Otter Tail Power Co concludes acquisition of 150 MW Merricourt wind farm
Otter Tail Power Co has completed the acquisition of 150 MW Merricourt wind farm in south eastern North Dakota from EDF Renewables Development. The facility will be comprised of 75 Vestas V100 2MW tu...
Read more -
August 15, 2019
Qatar Investment Authority invests in Oryx Midstream Services
Oryx Midstream Services (Oryx), the largest privately-held midstream crude operator in the Permian Basin, has announced that an affiliate of Qatar Investment Authority (QIA) has acquired a significant...
Read more
