Transcription of MIDSTREAM NEWS - plsx.com
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AllStandard Disclaimers & Seller Rights CO., TX PROPERTY1-Completed Well. Pipeline Says 10% ORRI INVESTOR FOR PIPELINEWell Tested: 500 - 1,000 MCFDORRI FOR MOTIVATED SELLERPIPELINECONTACT SELLER FOR MORE INFORR 2596PL Oxy buys Phibro for ~$250 MM, ups presence in commoditiesAlso beefs up processing infrastructure at Elk HillsOccidental Petroleum purchase Phibro LLCfrom Citigroup approx-imate net asset value. Phibro is primarily a trader in oil and gas, with assets of cash, marketablesecurities and readily saleable commodity positions; Oxy s net investment in Phibro will beabout $250 million.
still remaining for investment grade MLPs – ... u rnk ey A miP lat s,N G C oJ -T hd c ... on foreign oil and the OPEC cartel. Large reserve discoveries and their development continue to accompany the mid-stream sector through a bullish world market. And, while Enbridge Inc. says companies
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