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Eureka Midstream is an independent midstream energy company engaged in the gathering, transportation, and compression of natural gas. Our core business operations and strategic assets are located in the Appalachian basin, serving the prolific Marcellus and Utica shale plays. In 2003, Eureka Midstream, through Triad Energy, an oil and natural gas producer, purchased 182 miles of strategic rights of way in Ohio and Pennsylvania. The strategic right of ways enabled Eureka Midstream to plan, develop and build a high-quality gathering system, the maximum allowable operating pressure within a system at a fraction of the cost. In turn, we have been able to pass along much of the savings to our valued clients. With approximately 200 miles throughout the heart of the Marcellus and Utica natural gas shales, our advanced pipeline network is capable of transporting, lean or rich natural gas. This approach, a hybrid approach, is quite different from a typical midstream system. A typical midstream system runs on a dedicated drive, which transports only one form of hydrocarbon. The Eureka Midstream hybrid system provides today`s producer with increased flexibility at a reduced cost. While many operators are starting to develop and adopt a pipeline systems capable of transporting wet or dry natural gas, Eureka Midstream was among the first companies to standardize this approach. Innovation did not end with the introduction of the hybrid system. Eureka Midstream was also one of the first companies to introduce a system with multiple interconnects. The multi-interconnect system provides increased access to multiple gas processing options and interstate pipelines. This provides the producer with increased optionality, or the ability to identify and target better price points along the system.
PSEG Long Island is a subsidiary of Public Service Enterprise Group Incorporated (PEG), a publicly traded diversified energy company with annual revenues of $10.4 billion and operates the Long Island Power Authority’s transmission and distribution system under a 12-year contract. We pledge to build a Long Island utility with PSEG`s same record of service, reliability and customer satisfaction. It will take some time to make all the improvements we’re planning, but in the end, we will create a utility of which Long Islanders can be proud. Keeping the lights on isn’t just a job for us: It’s our mission.
Lotus Midstream is an independent energy company focused on the organic development of midstream infrastructure and services necessary to transport crude oil and condensate from the wellhead to market. Lotus also is pursuing strategic acquisition opportunities. Established in early 2018, Lotus is led by a highly experienced management team with complementary skill-sets. Lotus` three founders have been working together for approximately five years and have more than 55 years of collective industry experience. The company`s mission is to leverage the management team`s thorough understanding of the crude oil value chain to identify optimal markets for supply and demand to maximize producer netbacks. Lotus Midstream is backed by a $400 million capital commitment from EnCap Flatrock Midstream.
New York Municipal Power Agency is a Hopkinton, MA-based company in the Energy and Utilities sector.
Avista Energy is a Spokane, WA-based company in the Energy and Utilities sector.