MVP Holdings said on Feb. 1 that it has acquired the Great Salt Plains Pipeline.
The company said the transaction, which was conducted through several of its subsidiaries, included the acquisition of trucking and marketing assets in Oklahoma and Kansas from affiliates of JP Energy Development for an undisclosed sum.
“This acquisition fits extremely well with our long-term vision of supporting independent oil and gas producers in the midcontinent, as well as extending and diversifying growth into Oklahoma and specifically into the STACK and SCOOP drilling areas of Oklahoma,” MVP President Gary Navarro said in a statement. “These assets are currently in operation and enhance our crude oil footprint within both states.”
The Great Salt Plains Pipeline is a 115-mile crude oil pipeline that transports crude oil from northwest Oklahoma, near Cherokee, to Cushing, Okla.
- Energies Media Staffhttps://energiesmedia.com/author/oilmanwp/
- Energies Media Staffhttps://energiesmedia.com/author/oilmanwp/
- Energies Media Staffhttps://energiesmedia.com/author/oilmanwp/
- Energies Media Staffhttps://energiesmedia.com/author/oilmanwp/
- Energies Media Staffhttps://energiesmedia.com/author/oilmanwp/
- Energies Media Staffhttps://energiesmedia.com/author/oilmanwp/
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.