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Crestwood and Inergy to Merge Forming $7 Billion Midstream Energy Partnership
Crestwood Midstream Partners LP (NYSE: CMLP) (“Crestwood Midstream”) and Crestwood Holdings LLC (“Crestwood Holdings”) (collectively, “Crestwood”) and Inergy, L.P. (NYSE:NRGY) (“Inergy L.P.”) and Inergy Midstream, L.P. (NYSE:NRGM) (“Inergy Midstream”) (collectively, “Inergy”) today announced the signing of definitive agreements to create a fully integrated midstream partnership with a total enterprise value of approximately $7 billion.

date.png11 May 2013 07:29 | comments.png 0 Comments | tags.png crestwood inergy n-america pipeline usa [ More ]

Inergy Midstream Completes the Acquisition of the COLT Crude Oil Logistics Hub and Related Long-term Financing
Inergy Midstream, L.P. (NYSE:NRGM) (“Inergy Midstream”) and the owner of its general partner, Inergy, L.P. (NYSE:NRGY) (“Inergy”), announced today that Inergy Midstream has completed the previously announced acquisition of Rangeland Energy, LLC (“Rangeland”), the owner and operator of the COLT crude oil rail terminal, storage, and pipeline facilities (the “COLT Hub”) for approximately $425 million, subject to certain performance milestones and customary working capital adjustments. The COLT Hub acquisition is an expansion of Inergy Midstream’s shale-focused infrastructure portfolio and a natural extension of Inergy’s refinery and producer-services businesses. Additionally, the COLT Hub has a first-mover advantage in the Bakken and could lead to incremental crude oil and NGL investments.

date.png11 Dec 2012 13:16 | comments.png 0 Comments | tags.png inergy n-america pipeline usa [ More ]

Inergy Midstream to Acquire the COLT Crude Oil Logistics Hub
Inergy Midstream, L.P. (NYSE:NRGM) (“Inergy Midstream”) and the owner of its general partner, Inergy, L.P. (NYSE:NRGY) (“Inergy”), announced today that Inergy Midstream has executed a definitive agreement to purchase Rangeland Energy, LLC (“Rangeland”), the owner and operator of the COLT crude oil rail terminal, storage, and pipeline facilities (the “COLT Hub”) for $425 million, subject to certain performance milestones and customary working capital adjustments. As discussed below, Inergy Midstream has entered into an agreement to sell $225 million of common units in a private placement and has obtained committed unsecured debt financing to fund the balance of the acquisition purchase price.

date.png06 Nov 2012 06:34 | comments.png 0 Comments | tags.png inergy n-america pipeline terminal usa [ More ]

The Sponsors of the Commonwealth Pipeline Project Announce the Execution of Binding Precedent Agreements with Anchor Shippers
Inergy Midstream, L.P. (NYSE: NRGM); UGI Energy Services, Inc., a wholly-owned subsidiary of UGI Corporation (NYSE: UGI); and Capitol Energy Ventures Corp., a wholly-owned subsidiary of WGL Holdings, Inc. (NYSE: WGL), today announced that UGI Energy Services, Inc. and Capitol Energy Ventures Corp. have each executed binding precedent agreements for firm transportation capacity on the Commonwealth Pipeline. These anchor shippers have agreed to purchase firm transportation capacity on the Commonwealth Pipeline for a ten-year period at negotiated rates, upon and subject to the terms and conditions set forth in the precedent agreements.

date.png20 Sep 2012 18:08 | comments.png 0 Comments | tags.png gas inergy n-america pipeline ugi usa [ More ]

The Sponsors of the Commonwealth Pipeline Announce Positive Response to Open Season Enhancing Connectivity between Growing Deman
Inergy Midstream, L.P. (NYSE: NRGM); UGI Energy Services, Inc., a wholly owned subsidiary of UGI Corporation (NYSE: UGI); and Capitol Energy Ventures Corp., a wholly owned subsidiary of WGL Holdings, Inc. (NYSE: WGL), today announced that the results of the non-binding open season held for the Commonwealth Pipeline project (“Commonwealth” or the “Project”) confirmed a high market demand for the Project and exceeded the sponsors’ expectations. The results indicate demand for the Project across a broad customer spectrum (including local distribution companies, electric generators, producers, and marketers) and a broad geographic region including existing and growth markets in Pennsylvania, the Mid-Atlantic and Southeast. Project representatives will be working with prospective shippers over the next several weeks to finalize design and route selection and to negotiate binding precedent agreements that will economically support the Project’s construction.

date.png18 Jun 2012 13:17 | comments.png 0 Comments | tags.png inergy n-america pipeline usa [ More ]

Inergy Midstream, UGI and WGL Announce Non-Binding Open Season for Commonwealth Pipeline
Inergy Midstream, L.P. (NYSE:NRGM), UGI Energy Services, Inc. a subsidiary of UGI Corporation (NYSE: UGI), and Capitol Energy Ventures Corp., a subsidiary of WGL Holdings, Inc. (NYSE:WGL), today announced they are conducting a non-binding Open Season for shippers desiring to transport natural gas volumes on the proposed Commonwealth Pipeline.

date.png09 May 2012 18:58 | comments.png 0 Comments | tags.png gas inergy n-america pipeline usa [ More ]

Inergy Midstream, UGI and WGL announce plans to jointly develop a new interstate natural gas pipeline
Inergy Midstream, L.P., UGI Energy Services, Inc. and Capitol Energy Ventures Corp., a subsidiary of WGL Holdings, Inc., today announced plans to jointly market and develop a new interstate pipeline known as the Commonwealth Pipeline. The proposed 200-mile, 30-inch pipeline is expected to transport at least 800,000 dekatherms per day of natural gas and is expected to be placed in service in 2015. UGI Energy Services and Capitol Energy Ventures Corp. are expected to execute precedent agreements to become anchor shippers on the line.

date.png02 Mar 2012 08:49 | comments.png 0 Comments | tags.png gas inergy n-america pipeline usa [ More ]
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