Empire Midstream Acquires Offshore Gulf of Mexico Pipeline
Empire Midstream announced that its affiliate Empire Auger 12 has acquired the Auger 12” pipeline from Pecten Midstream, a subsidiary of Shell Midstream Partners, with specific terms of the transaction not disclosed.
The Pipeline is a 12-inch line which runs about 33 miles from the Garden Banks 128 Platform A (Enchilada Platform) to a downstream subsea tie-in into the Eugene Island Pipeline System in Eugene Island Block 314. The pipeline is currently shut in; however, Empire will complete start-up operations and other transitional work with a target date for first flow of Sept. 1.
“This targeted acquisition further expands our footprint of pipeline assets into the deep water of the Gulf of Mexico,” said Everard W. Marks III, founder of Empire Midstream. “The purchase of the Pipeline is consistent with our long-term strategy of selectively growing our business while maintaining strong relationships with our upstream and downstream associates. Entrepreneurial spirit amongst the counterparties was instrumental in this transaction and will help producers with flow assurance and larger take away capacity from the Garden Banks and Green Canyon areas, all while working to formulate ‘win-win’ strategies for the producers and shippers.”
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