Third Coast Midstream Announces Sale of Final Non-Gulf Coast Related Assets
Third Coast Midstream announced that on Tuesday, one of its subsidiaries completed the sale of Third Coast Midstream's final non-core asset, and the company has fully reached the goal of becoming a Gulf of Mexico and Gulf Coast-focused midstream company.
"Third Coast Midstream is pleased to announce the sale of its final onshore asset outside its core Gulf of Mexico and U.S Gulf Coast platform,” said Matt Rowland, President and Chief Executive Officer of Third Coast Midstream. "I am proud of all that our team has achieved over the past 20 months, divesting 22 non-core assets and pivoting to become a pure-play Gulf of Mexico and Gulf Coast fee-based midstream infrastructure business."
Third Coast Midstream currently owns or has an ownership interest in approximately 1,200 miles of interstate and intrastate pipelines, as well as ownership in a gas processing plant, and an offshore semi-submersible floating production system with processing capacity of up to 100 MBbl/d of crude oil and 240 MMcf/d of natural gas.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
Comments