IRVING, Texas--(BUSINESS WIRE)--Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream, LLC, today announced that it has successfully commenced operations of approximately 97 miles of its Midland Basin crude oil gathering and transportation system. On October 10, 2014 Medallion began initial deliveries of crude oil into the BridgeTex Pipeline from its 60 mile Wolfcamp Connector pipeline and approximately 37 miles of its Reagan Gathering Extension pipeline. The Medallion system has initial capacity to accept 65,000 barrels per day of crude oil and is scalable to approximately 150,000 barrels of oil per day. An open season for capacity on both pipelines was closed successfully on February 3, 2014. Medallion expects the remaining portion of its Reagan Gathering Extension along with truck unloading stations at its Reagan Station and Garden City Station to be operational before the end of the year.
“I am extremely proud of the Medallion team for bringing our crude oil system into service safely and on schedule,” said Randy Lentz, CEO of Medallion. “Medallion’s crude oil system provides a critical intra-basin link between our customer’s oil production and multiple long haul take-away pipelines at Colorado City, including the BridgeTex Pipeline that is now moving crude oil out of the constrained Midland Basin to the Gulf Coast.”
About Medallion Midstream, LLC
Medallion Midstream is an Irving, Texas based full services midstream provider specializing in the design, construction and operation of natural gas and crude oil infrastructure. Medallion delivers responsive, reliable and comprehensive services and solutions for its customers. Medallion is a portfolio company of The Energy & Minerals Group. To learn more about Medallion, please contact Paige Snider at 972-746-4401.
About The Energy & Minerals Group
EMG is the management company for a series of specialized private equity funds. The Firm was founded by John Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $17.5 billion of regulatory assets under management (RAUM) and approximately $7.1 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.