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Velocity Holdings, LLC

Company Summary

Description

Holding company of the Velocity Midstream assets in Oklahoma.

Website

http://www.velocitymidstream.com/

Operational Regions

  • SCOOP
  • Oklahoma STACK Play

Related Entities

Recent news

  • 11/13/2018 - Enable Midstream Closes... (subscriber access)
  • 10/24/2018 - Enable Midstream... (subscriber access)

Company Transactions

Date: 11/1/2018
Type: Acquisition

DETAILS:

COST: 442 $MM

NOTES:
Enable Midstream Partners has announced the acquisition of Velocity Holdings in the Anadarko Basin for a price of $442 million. Velocity owns an integrated crude oil and condensate gathering system in the SCOOP and Merge plays, which includes 150-miles of pipeline that can flow 225 Mbbl/d, 400 Mbbl in storage and 26 truck bays that can load over 100 Mbbl/d.
REGIONS:
  • SCOOP
  • Oklahoma STACK Play
  • Date: 11/1/2018
    Type: Acquisition

    DETAILS:

    COST: 442 $MM

    NOTES:
    Enable acquired Velocity Holdings, an integrated crude oil and condensate gathering and transportation company in the SCOOP and Merge plays, for $442 million on November 1, 2018.
    REGIONS:
  • SCOOP