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The Daley Note 12/14/2020

The Daley Note 12/14/2020

  • U.S. Forest Service Gives Nod to MVP Project: Equitrans Midstream (ETRN) received a critical environmental review for one of the final unbuilt segments of its Mountain Valley Pipeline (MVP), an important step for ETRN to meet revised start-up in 2H2021 for the long-delayed MVP project. (ETRN), (MVP)
  • EP Energy Exits the Southern Midland Basin: EP Energy (EPE) announced December 11 the divestiture of its southern Midland Basin acreage to an undisclosed buyer, a deal that may inject new investment into acreage serviced by West Texas Gas, Targa Resources (TRGP), and DCP Midstream (DCP). EPE expects the deal to close in early 1Q2021. (EPE), (TRGP), (DCP)
  • SD Sells North Park Basin Assets: SandRidge Energy (SD) announced on December 14 it will sell its North Park Basin assets to Gondola Resources for $47 million in cash. SD has accounted for all North Park drilling activity in East Daley’s recorded history. (SD)
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