Twin Eagle acquires StarMex Big Wells pipeline

Twin Eagle Resource Management LLC has acquired a 100% interest in StarMex Big Wells LLC, a 42-mile crude oil gathering system pipeline in the Eagle Ford shale region that connects to long-haul pipelines in the Gardendale, Texas, area. As of closing, StarMex Big Wells will be renamed Twin Eagle Gardendale Pipeline LLC.

The system is surrounded by several producers with production and continued drilling plans. The pipeline system has capacity of 35,000 barrels per day and is backed by long-term, fee-based contracts with existing customers that are committed to ship approximately 24,000 barrels a day.

With terminal locations in Elmendorf and Laredo, Texas, that serve customers and trucking operations near Gardendale, the acquisition expands Twin Eagle's midstream footprint in the Eagle Ford shale play and represents another step in Twin Eagle’s growing portfolio of midstream assets throughout many of the country’s basins including the Permian, Denver-Julesburg, Niobrara, and Bakken formations.

Headquartered in Dallas, Texas, StarMex was founded by a group of private investors in 2011.

Simmons & Company International acted as exclusive financial advisor to StarMex in connection with the transaction.

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...