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Medallion Gathering & Processing, LLC

Company Summary

Description

Medallion Gathering & Processing, LLC ("MGP"), the sole owner of the Medallion - Midland Basin pipeline system. Acquired by Global Infrastructure Partners in late-2017 for $1.825 billion.

Operational Regions

  • Midland Basin

Related Entities

Recent news

Company Transactions

Date: 11/1/2017
Type: Acquisition

BUYERS:
  • Global Infrastructure Partners
    • SELLERS:
  • Medallion Gathering & Processing, LLC
  • Medallion Midstream Holdings
  • Laredo Midstream Services, LLC
    • ASSETS:
  • Medallion - Midland Basin Pipeline System
    • DETAILS:

    COST: 1.825 $B

    NOTES:
    The assets are being sold by Laredo Petroleum subsidiary, Laredo Midstream Services, and Medallion Midstream Holdings, a subsidiary of The Energy & Minerals Group.
    REGIONS:
  • Permian Basin
  • Midland Basin