Criterion News

• 2/15/2024 - Targa Posts Record... (subscriber access)
• 11/7/2023 - Targa Resources Prices... (subscriber access)
• 11/2/2023 - Targa Completes 1... (subscriber access)
• 11/2/2023 - Targa Continued Permian... (subscriber access)
• 8/3/2023 - Targa Reports Record... (subscriber access)
• 4/10/2023 - New Permian Long-Haul... (subscriber access)
• 2/27/2023 - Targe Resources Mont... (subscriber access)
• 2/27/2023 - Targa Resources Adding... (subscriber access)
• 1/5/2023 - Targa Resources Prices... (subscriber access)
• 1/3/2023 - Targa Resources to... (subscriber access)
• 11/3/2022 - Targa Announces $650MM... (subscriber access)
• 11/3/2022 - Targa Announces 275... (subscriber access)
• 11/3/2022 - Targa Continues... (subscriber access)
• 11/3/2022 - Targa Begins Operations... (subscriber access)
• 8/4/2022 - Targa Announces New... (subscriber access)
• 8/4/2022 - Targa Expecting Early... (subscriber access)
• 8/1/2022 - Targa Resources... (subscriber access)
• 6/23/2022 - Targa Resources Corp.... (subscriber access)
• 6/17/2022 - Targa Resources Acquires... (subscriber access)
• 5/18/2022 - ArcLight Announces $857... (subscriber access)
• 4/22/2022 - Targa Resources Acquires... (subscriber access)
• 4/18/2022 - Targa Resources... (subscriber access)
• 3/18/2022 - Targa Resources... (subscriber access)
• 2/25/2022 - Targa Adding +825 Mmcf/d... (subscriber access)
• 2/4/2022 - Targa Selling 25% Equity... (subscriber access)
• 1/18/2022 - Targa to Utilize Solar... (subscriber access)
• 1/11/2022 - Targa to Acquire... (subscriber access)
• 11/16/2021 - Stonepeak & Targa... (subscriber access)
• 11/2/2021 - Targa Signs Deal to... (subscriber access)
• 1/19/2021 - Targa Resources... (subscriber access)

Press Releases

3/8/2019 - Alerian Index Series March 2019 Index Review
X
Alerian Index Series March 2019 Index Review
Source: PR Newswire
DALLAS, March 8, 2019 /PRNewswire/ -- Alerian announced the results of the March quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, March 15, 2019.      
• Alerian Midstream Energy Select Index (AMEI). EQM Midstream Partners (NYSE: EQM) will be added.
• Alerian MLP Infrastructure Index (AMZI). Noble Midstream Partners (NYSE: NBLX) will be added.  
• Alerian Energy Infrastructure Capital Strength Select Index (AMCS). Energy Transfer (NYSE: ET) and Targa Resources Corp (NYSE: TRGP) will be added. Dominion Energy (NYSE: D) and Valero Energy Corporation (NYSE: VLO) will be removed.
There are no constituent changes to the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), or the Alerian Natural Gas MLP Index (ANGI).
In addition, each index will be rebalanced in accordance with its existing methodology. Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.
About Alerian
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of February 28, 2019, over $13 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. Visit alerian.com to learn more.
View original content:http://www.prnewswire.com/news-releases/alerian-index-series-march-2019-index-review-300809070.html
SOURCE Alerian

Article Date
3/8/2019
Close
10/11/2018 - Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Transportation Index
X
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Transportation Index
Source: PR Newswire
DALLAS, Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing^® Transportation Index (the "Index"). The Cushing^® 30 MLP Index (the "Sub-Index") announced today that after the market closes on October 18, 2018, and effective on October 19, 2018, Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) will be removed from the Sub-Index and replaced with Targa Resources Corp. (NYSE: TRGP). Consequently, per the Index's Methodology Guide, after the market closes on October 18, 2018, and effective on October 19, 2018, TRGP will replace ETP in the Index at ETP's then-current weight.
There will be no changes to the remaining constituents of the Index due to this event.
ABOUT THE CUSHING^® TRANSPORTATION INDEX
The Cushing^® Transportation Index tracks the performance of widely held companies engaged in road, rail, marine and air transportation of cargoes and passengers, as well as master limited partnerships (MLPs) engaged in storage and transportation of oil, natural gas, coal and consumable fuels. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CTRI".
ABOUT SWANK CAPITAL AND CUSHING^® ASSET MANAGEMENT
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of midstream energy infrastructure companies and other natural resource companies.
Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing^® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing^® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI) and The Cushing^® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing^® Transportation Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Swank Capital, LLC, and Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-CTRI
 
View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-a-constituent-change-to-the-cushing-transportation-index-300729321.html
SOURCE Cushing® Asset Management, LP; Swank Capital, LLC

Article Date
10/11/2018
Close
10/11/2018 - Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Energy Supply Chain Index
X
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Energy Supply Chain Index
Source: PR Newswire
DALLAS, Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing^® Energy Supply Chain Index (the "Index"). The Cushing^® 30 MLP Index (the "Sub-Index") announced today that after the market closes on October 18, 2018, and effective on October 19, 2018, Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) will be removed from the Sub-Index and replaced with Targa Resources Corp. (NYSE: TRGP). Consequently, per the Index's Methodology Guide, after the market closes on October 18, 2018, and effective on October 19, 2018, TRGP will replace ETP in the Index at ETP's then-current weight.
There will be no changes to the remaining constituents of the Index due to this event.
ABOUT THE CUSHING^® ENERGY SUPPLY CHAIN INDEX
The Cushing^® Energy Supply Chain Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, or storage and transportation of oil, natural gas, coal and consumable fuels; oil and natural gas equipment and services companies; and companies that extract and/or manufacture materials. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CSCI".
ABOUT SWANK CAPITAL AND CUSHING^® ASSET MANAGEMENT
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of midstream energy infrastructure companies and other natural resource companies.
Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing^® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing^® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing^® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing^® Energy Supply Chain Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Swank Capital, LLC, and Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-CSCI
 
View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-a-constituent-change-to-the-cushing-energy-supply-chain-index-300729332.html
SOURCE Cushing® Asset Management, LP; Swank Capital, LLC

Article Date
10/11/2018
Close
10/11/2018 - Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Utility Index
X
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Utility Index
Source: PR Newswire
DALLAS, Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing^® Utility Index (the "Index"). The Cushing^® 30 MLP Index (the "Sub-Index") announced today that after the market closes on October 18, 2018, and effective on October 19, 2018, Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) will be removed from the Sub-Index and replaced with Targa Resources Corp. (NYSE: TRGP). Consequently, per the Index's Methodology Guide, after the market closes on October 18, 2018, and effective on October 19, 2018, TRGP will replace ETP in the Index at ETP's then-current weight.
There will be no changes to the remaining constituents of the Index due to this event.
ABOUT THE CUSHING^® UTILITY INDEX
The Cushing^® Utility Index tracks the performance of widely held companies engaged in electric, gas and water utility services as well as master limited partnerships (MLPs) engaged in storage and transportation of oil, natural gas, coal and consumable fuels. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CUTI".
ABOUT SWANK CAPITAL AND CUSHING^® ASSET MANAGEMENT
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of midstream energy infrastructure companies and other natural resource companies.
Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing^® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing^® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI) and The Cushing^® Transportation Index (Bloomberg Ticker: CTRI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing^® Utility Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Swank Capital, LLC, and Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-CUTI
 
View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-a-constituent-change-to-the-cushing-utility-index-300729339.html
SOURCE Cushing® Asset Management, LP; Swank Capital, LLC

Article Date
10/11/2018
Close
10/5/2018 - Swank Capital and Cushing® Asset Management Announce Rebalancing of the Cushing® MLP High Income Index
X
Swank Capital and Cushing® Asset Management Announce Rebalancing of the Cushing® MLP High Income Index
Source: PR Newswire
DALLAS, Oct. 5, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announce today the upcoming rebalancing of The Cushing^® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on October 12, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on October 15, 2018.
Cushing® MLP High Income Index constituents, effective October 15, 2018:
Company Name	Ticker	Tier	Index Weight	Prior Tier
Golar LNG Partners LP	GMLP	1	5.0%	1
Buckeye Partners, L.P.	BPL	1	5.0%	1
NGL Energy Partners LP	NGL	1	5.0%	1
USA Compression Partners, LP	USAC	1	5.0%	1
Enbridge Energy Partners, L.P.	EEP	1	5.0%	1
Sunoco LP	SUN	1	5.0%	1
Alliance Resource Partners, L.P.	ARLP	1	5.0%	1
Energy Transfer Partners, L.P.	ETP	1	5.0%	1
SemGroup Corporation	SEMG	1	5.0%	New
Andeavor Logistics LP	ANDX	1	5.0%	1
Hi-Crush Partners LP	HCLP	2	3.5%	2
Summit Midstream Partners, LP	SMLP	2	3.5%	2
AmeriGas Partners, L.P.	APU	2	3.5%	2
Western Gas Partners, L.P.	WES	2	3.5%	2
GasLog Partners LP	GLOP	2	3.5%	3
Holly Energy Partners, L.P.	HEP	2	3.5%	3
EQT Midstream Partners, LP	EQM	2	3.5%	2
EnLink Midstream Partners, LP	ENLK	2	3.5%	1
Tallgrass Energy, LP	TGE	2	3.5%	3
Dominion Energy Midstream Partners, LP	DM	2	3.5%	2
Enable Midstream Partners, LP	ENBL	3	1.5%	2
DCP Midstream, LP	DCP	3	1.5%	2
Black Stone Minerals, L.P.	BSM	3	1.5%	3
Western Gas Equity Partners, LP	WGP	3	1.5%	3
MPLX LP	MPLX	3	1.5%	3
CNX Midstream Partners LP	CNXM	3	1.5%	3
Energy Transfer Equity, L.P.	ETE	3	1.5%	3
Shell Midstream Partners, L.P.	SHLX	3	1.5%	New
Crestwood Equity Partners LP	CEQP	3	1.5%	2
Targa Resources Corp.	TRGP	3	1.5%	New
 
Constituents removed, effective October 15, 2018:
Company Name	Ticker
Spectra Energy Partners, LP	SEP
Enterprise Products Partners, L.P.	EPD
Martin Midstream Partners L.P.	MMLP
ABOUT THE CUSHING^® MLP HIGH INCOME INDEX
The Cushing^® MLP High Income Index provides a benchmark that is designed to track the performance of 30 higher-yielding publicly traded midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP energy midstream corporations (each, a "Midstream Company" an collectively, "Midstream Companies"). Constituents are chosen according to a three-tiered proprietary weighting system developed by Cushing^® Asset Management, LP. The Cushing^® MLP High Income Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPY".
ABOUT SWANK CAPITAL AND CUSHING^® ASSET MANAGEMENT
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of Midstream Companies and other natural resource companies. 
Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing^® 30 MLP Index (Bloomberg Ticker:  MLPX), The Cushing^® MLP Market Cap Index (Bloomberg Ticker:  CMCI), The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing^® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing^® Utility Index (Bloomberg Ticker: CUTI).  For more information, please visit http://www.cushingasset.com/indices.
For additional information contact:
Judson Redmond
214-692-6334
http://www.cushingasset.com
The Cushing^® MLP High Income Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing^® Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to maintain and calculate the Index. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Cushing^® Asset Management, LP.  Neither S&P Dow Jones Indices, SPFS, Dow Jones S&P nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-MLPY
 
View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-rebalancing-of-the-cushing-mlp-high-income-index-300725007.html
SOURCE Cushing® Asset Management, LP; Swank Capital, LLC

Article Date
10/5/2018
Close
5/3/2018 - Kirby Corporation Signs Agreement To Purchase Pressure Barges From Targa Resources Corp
X
Kirby Corporation Signs Agreement To Purchase Pressure Barges From Targa Resources Corp
Source: PR Newswire
HOUSTON, May 3, 2018 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced the signing of an agreement to acquire Targa Resources Corp's ("Targa") (NYSE: TRGP) inland marine tank barge business for approximately $69.3 million in cash.  The purchase will be financed through additional borrowings.
Targa's inland marine tank barge fleet consists of 16 pressure barges that have a total capacity of approximately 258,000 barrels, many of which are under long-term multi-year contracts.  The closing of the acquisition is expected to occur near the end of the second quarter and is subject to customary closing conditions.
David Grzebinski, Kirby's President and Chief Executive Officer, commented, "Targa's inland pressure barges are an excellent addition to Kirby's fleet.  With the ongoing petrochemical build-out progressing along the U.S. Gulf Coast, these incremental barges will give Kirby additional capacity to meet our customers' growing needs for the movement of pressurized cargos such as liquefied petroleum gas and certain ethylene plant coproducts.  We expect to incur some costs in the near term; however, these barges will be approximately $0.02 per share accretive in 2018."
Kirby Corporation, based in Houston, Texas, is the nation's largest domestic tank barge operator transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts, and in Alaska and Hawaii.  Kirby transports petrochemicals, black oil, refined petroleum products and agricultural chemicals by tank barge.  In addition, Kirby participates in the transportation of dry-bulk commodities in United States coastwise trade.  Through the distribution and services segment, Kirby provides after-market service and parts for engines, transmissions, reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications.  Kirby also rents equipment including generators, forklifts, pumps, and compressors for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for land-based oilfield service customers.
Statements contained in this press release with respect to the future are forward-looking statements.  These statements reflect management's reasonable judgment with respect to future events.  Forward-looking statements involve risks and uncertainties.  Actual results could differ materially from those anticipated as a result of various factors, including cyclical or other downturns in demand, significant pricing competition, unanticipated additions to industry capacity, changes in the Jones Act or in U.S. maritime policy and practice, fuel costs, interest rates, weather conditions and timing, magnitude and number of acquisitions made by Kirby.  Forward-looking statements are based on currently available information and Kirby assumes no obligation to update any such statements.  A list of additional risk factors can be found in Kirby's annual report on Form 10-K for the year ended December 31, 2017.
 
View original content:http://www.prnewswire.com/news-releases/kirby-corporation-signs-agreement-to-purchase-pressure-barges-from-targa-resources-corp-300641736.html
SOURCE Kirby Corporation

Article Date
5/3/2018
Close
1/3/2018 - American Midstream Commences Full Operation of Cayenne Pipeline
X
American Midstream Commences Full Operation of Cayenne Pipeline
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
HOUSTON, Jan. 3, 2018 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) ("AMID") announced today the completion and commencement of deliveries on the previously announced Cayenne Pipeline joint venture ("Cayenne") between AMID and Targa Resources Corp. (NYSE: TRGP) ("Targa"). Cayenne will initially have 40,000 barrels per day of Y-grade NGL transport capacity with the ability to expand to more than 50,000 barrels per day. Cayenne will originate from the Targa-operated Venice gas processing plant and deliver to fractionation in Southern Louisiana.
The commencement of Cayenne provides AMID with strategic transport capabilities for the majority of all NGL volume out of Gulf of Mexico's deep-water Mississippi Canyon region where AMID has developed an integrated gathering and transportation network. Cayenne is supported by a 15-year dedication for all NGL production from Targa's 750 MMcf/d Venice plant with inlet from six offshore Gulf of Mexico pipelines.
 "The commencement of Cayenne demonstrates AMID's ability to react to market demand and simultaneously execute on highly attractive commercial opportunities. Cayenne not only benefits offshore producers with a substantial increase in NGL take away capacity, but also creates meaningful value to AMID by taking an underutilized pipeline and altering its services into a strategic project," stated Lynn Bourdon III, President and Chief Executive Officer.
About American Midstream Partners, LP
American Midstream Partners, LP is a growth-oriented limited partnership formed to provide critical midstream infrastructure that links producers of natural gas, crude oil, NGLs, condensate and specialty chemicals to end-use markets. American Midstream's assets are strategically located in some of the most prolific offshore and onshore basins in the Permian, Eagle Ford, East Texas, Bakken and Gulf Coast. American Midstream owns or has an ownership interest in approximately 5,100 miles of interstate and intrastate pipelines, as well as ownership in gas processing plants, fractionation facilities, an offshore semisubmersible floating production system with nameplate processing capacity of 100 MBbl/d of crude oil and 240 MMcf/d of natural gas; and terminal sites with approximately 6.7 MMBbls of storage capacity.
For more information about American Midstream Partners, LP, visit: www.americanmidstream.com. The content of our website is not part of this release.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements related to Cayenne's benefits, operating results and any capacity expansion. We have used the words "could," "expect," "intend," "may," "will," "would" and similar terms and phrases to identify forward-looking statements in this press release. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Many of the factors that will determine these results are beyond our ability to control or predict. These factors include the risk factors described in Part I, Item 1A. in our Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 28, 2017, our Form 10-Q for the quarter ended September 30, 2017, filed with the SEC on November 9, 2017, and our other filings with the SEC. All future written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the previous statements. The forward-looking statements herein speak as of the date of this press release. We undertake no obligation to update such statements for any reason, except as required by law.
Investor Contact
American Midstream Partners, LP
Mark Schuck
Director of Investor Relations
(346) 241-3497
mschuck@americanmidstream.com
 
View original content with multimedia:http://www.prnewswire.com/news-releases/american-midstream-commences-full-operation-of-cayenne-pipeline-300576795.html
SOURCE American Midstream Partners, LP

Article Date
1/3/2018
Close
8/23/2017 - KPE Awarded Contract for Natural Gas Cryogenic Processing Facility
X
KPE Awarded Contract for Natural Gas Cryogenic Processing Facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
TYLER, Texas, Aug. 23, 2017 /PRNewswire/ -- KPE today announced it has been awarded a contract valued in excess of $100 million by Targa Pipeline Mid-Continent WestTex LLC, a subsidiary of Targa Resources Corp., (Targa) (NYSE: TRGP) to provide engineering, procurement and construction for a 200 MMSCFD natural gas cryogenic processing facility located near Midkiff, in the Permian Basin of West Texas. The facility will include a 5,000 SBPD condensate stabilizer, low-pressure compression, intermediate compression, custody transfer metering, slug catchers and a control system for processing raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs) and removing impurities.
"This award, the third major project for Targa within the past 18 months, is the result of substantial collaboration between Targa and KPE that ensured the project's advanced process design is efficient and cost-effective," said William E. Preston, KPE's President and Chief Operating Officer. "The cryogenic gas plant will allow Targa to increase its NGL extraction capacity, and we look forward to helping them build on their gas-processing capabilities in the Permian Basin."
About KPE
KP Engineering, LP, uses smart engineering to provide capital-efficient EPC solutions for companies in the midstream, refining, petrochemical and syngas markets that result in investment and delivery predictability. For more information, visit www.kpe.com.
 
View original content with multimedia:http://www.prnewswire.com/news-releases/kpe-awarded-contract-for-natural-gas-cryogenic-processing-facility-300508239.html
SOURCE KP Engineering

Article Date
8/23/2017
Close

Direct Assets

Related Assets

Direct Projects

Raptor Processing Plant (subscriber access)
Status: (subscriber access)
Joyce WestTX Plant (subscriber access)
Status: (subscriber access)
Midkiff Expansion Project (subscriber access)
Status: (subscriber access)
Oahu Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Raptor Expansion Project (subscriber access)
Status: (subscriber access)
Gulf Coast Express Pipeline Project (subscriber access)
Status: (subscriber access)
Johnson Plant (subscriber access)
Status: (subscriber access)
Wildcat Plant (subscriber access)
Status: (subscriber access)
Grand Prix NGL Pipeline (subscriber access)
Status: (subscriber access)
Little Missouri Four Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Hopson Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Pembrook Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Cedar Bayou Fractionation Train 6 (subscriber access)
Status: (subscriber access)
Delaware Basin Natural Gas Gathering System (subscriber access)
Status: (subscriber access)
Falcon Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Peregrine Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Grand Prix NGL Pipeline Extension (Oklahoma) (subscriber access)
Status: (subscriber access)
Targa Oklahoma to Mont Belvieu NGL Pipeline (subscriber access)
Status: (subscriber access)
Whistler Pipeline Project (subscriber access)
Status: (subscriber access)
Cedar Bayou Fractionation Train 7 (subscriber access)
Status: (subscriber access)
Cedar Bayou Fractionation Train 8 (subscriber access)
Status: (subscriber access)
Grand Prix NGL Pipeline Extension (Bluestem) (subscriber access)
Status: (subscriber access)
Grand Prix NGL Pipeline Central Oklahoma Extension (subscriber access)
Status: (subscriber access)
Gateway Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Agua Blanca Pipeline Expansion (subscriber access)
Status: (subscriber access)
Galena Park LPG Export Expansion (subscriber access)
Status: (subscriber access)
Heim Gas Processing Plant (Longhorn Relocation) (subscriber access)
Status: (subscriber access)
Legacy II Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Midway Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Legacy I Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Red Hills VI Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Greenwood Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Cedar Bayou Fractionation Train 9 (subscriber access)
Status: (subscriber access)
Daytona NGL Pipeline (subscriber access)
Status: (subscriber access)
Wildcat II Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Roadrunner II Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Apex Natural Gas Pipeline (subscriber access)
Status: (subscriber access)
Greenwood II Natural Gas Plant (subscriber access)
Status: (subscriber access)
Bull Moose Natural Gas Plant (subscriber access)
Status: (subscriber access)

Related Projects

Apex Natural Gas Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Bull Moose Natural Gas Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Carnero Pipeline Project (subscriber access)
Status: (subscriber access)
Parent Entities: Carnero Gathering, LLC

Cedar Bayou Fractionation Train 6 (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Cedar Bayou Fractionation Train 7 (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.
Targa Resources Partners LP

Cedar Bayou Fractionation Train 8 (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Cedar Bayou Fractionation Train 9 (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Daytona NGL Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Delaware Basin Natural Gas Gathering System (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Falcon Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Galena Park LPG Export Expansion (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Gateway Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Grand Prix NGL Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.
Blackstone Energy Partners
Targa & Stonepeak DevCo

Grand Prix NGL Pipeline Central Oklahoma Extension (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Grand Prix NGL Pipeline Extension (Bluestem) (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Grand Prix NGL Pipeline Extension (Oklahoma) (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Greenwood II Natural Gas Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Greenwood Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Gulf Coast Express Pipeline Project (subscriber access)
Status: (subscriber access)
Parent Entities: Kinder Morgan, Inc.
DCP Midstream Partners LP
Gulf Coast Express Pipeline LLC
Kinetik Holdings Inc.
Targa Resources Corp.

Heim Gas Processing Plant (Longhorn Relocation) (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Hickory Hills Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Centrahoma Processing, LLC

Joyce WestTX Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.
Targa Resources Partners LP
Pioneer Natural Resources Co.

Legacy I Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Legacy II Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Midkiff Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.
Targa Resources Partners LP

Midway Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Mont Belvieu Fractionator Train 10 (Targa) (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Partners LP

Oahu Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.
Targa Resources Partners LP

Peregrine Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Raptor Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.
Targa Resources Partners LP
Sanchez Midstream Partners LP

Raptor Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Carnero Processing, LLC
Targa Resources Corp.
Sanchez Midstream Partners LP

Red Hills VI Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Roadrunner II Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Targa Oklahoma to Mont Belvieu NGL Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.
Targa NGL Pipeline Company LLC

Wildcat II Natural Gas Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.

Wildcat Plant (subscriber access)
Status: (subscriber access)
Parent Entities: Targa Resources Corp.