Medallion Pipeline Closes Wolfcamp Connector Open Season

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Medallion Pipeline Co. LLC, a subsidiary of Medallion Midstream LLC, announced the successful closing of the binding open season for its proposed crude oil pipeline, the Wolfcamp Connector, as well as for the southward extension of the proposed pipeline, the Reagan Gathering Extension. As previously announced, the binding open season for the Wolfcamp Connector and the then-proposed Reagan County Extension commenced on October 29, 2013; was supplemented on January 24, 2014 to reflect the modified route, configuration, and operations of the Reagan Gathering Extension (to replace the originally proposed Reagan County Extension); and, as supplemented and extended, closed on February 3, 2014.
  Based on the binding capacity bids received from prospective shippers during the open season, Medallion has executed long-term Transportation Service Agreements which, in the aggregate, provide more than sufficient capacity commitments to move forward with the construction of both the Wolfcamp Connector and the Reagan Gathering Extension on a schedule that is expected to place both pipelines in-service by the fourth quarter 2014.
  Medallion’s combined crude oil gathering system will extend 112 miles through the Midland Basin, and will initially be capable of receiving and transporting up to 65,000 bpd of crude oil for delivery to take away pipelines at the Colorado City hub accessing both Cushing and Gulf Coast markets via existing and new major crude oil take away pipelines, including the proposed BridgeTex Pipeline. With the installation of mid-point pump stations the Wolfcamp Connector is expandable to approximately 100,000 bpd of capacity.