September 22, 2017 7:10 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Medallion Midstream, LLC

Company Overview

Medallion Midstream, LLC provides midstream services for oil and gas producers. The company engages in designing, rights-of-way acquiring, obtaining various permits, procuring materials, and constructing the midstream facilities. It also designs, builds, operates, and maintains gathering, compression, treating, dehydration, and processing facilities. In addition, the company coordinates engineering, operations, scheduling/nominating, marketing, and accounting of gas and liquid commodities. Medallion Midstream, LLC was incorporated in 2011 and is based in Irving, Texas.

222 West Las Colinas Boulevard

Suite 1140E

Irving, TX 75039

United States

Founded in 2011

Phone:

972-746-4401

Fax:

469-713-2819

Key Executives for Medallion Midstream, LLC

Founder, Chief Executive Officer and President
Chief Financial Officer
Vice President of Business Development
Compensation as of Fiscal Year 2017.

Medallion Midstream, LLC Key Developments

Medallion Midstream Services Announces Southern Delaware Basin Crude Oil Pipeline

Medallion Midstream, LLC and its affiliate, Medallion Midstream Services, LLC, announced that it has entered into a letter of intent to construct a new Delaware Basin crude oil pipeline system to provide crude oil gathering and transportation services for Parsley Energy. The new pipeline will be anchored by Parsley’s long-term dedication to Medallion of approximately 35,000 acres held under lease and/or mineral interest in Pecos and Reeves Counties, Texas. Medallion’s Delaware Basin pipeline system will initially consist of approximately 45 miles of 16-inch mainline and approximately 25 miles of smaller diameter gathering pipelines along with a crude oil station in Pecos County consisting of crude oil storage and truck unloading facilities. The pipeline, which is expected to have an initial capacity of 100,000 barrels per day, will originate within the Parsley leases and will end in Crane County, Texas at an interconnection into Medallion Pipeline Company’s existing 600-mile Midland Basin header system, accessing multiple Permian Basin long-haul take away pipelines. The parties expect to finalize and sign a definitive agreement in the first quarter of 2017 and the new crude oil pipeline is expected to start initial service in June 2017.

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Recent Private Companies Transactions

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Target
No transactions available in the past 12 months.
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