The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
SWEPI LP, an affiliate of Royal Dutch Shell Plc, retained EnergyNet for the sale of the National Transit Pipeline across Pennsylvania, New York and West Virginia through a sealed-bid offering closing Oct. 15.
Comprising about 221 miles of total pipeline, National Transit Pipeline is split into three parts: West Pennsylvania, East Pennsylvania and New York. Associated right of way for these lines are located in highly valuable areas, including within the Appalachian Basin, according to EnergyNet.
The West and East Pennsylvania lines were installed in the early 1900s and were used for crude oil transport. The New York line was installed in the 1940s and was used for gasoline transport.
Highlights:
- 221.20 Miles in the National Transit Pipeline:
- West Pennsylvania - 139.23 Miles
- East Pennsylvania - 55.84 Miles
- New York - 26.12 Miles
- West and East Pennsylvania Lines were Installed in the early 1900s
- Used for Crude Oil Transport
- New York line was Installed in the 1940s
- Used for Gasoline Transport
- Associated Right of Way for these lines located along the Ohio River and Highway Crossings
![SWEPI National Transit Pipeline Asset Map (Source: EnergyNet)](/sites/default/files/inline-images/SWEPI%20National%20Transit%20Pipeline%20Asset%20Map%20%20Source%20EnergyNet.png)
Bids are due by 4 p.m. CDT Oct. 15. Transaction's close targeted for Dec. 15.
For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Southeast Asia NatGas Projects Could Unlock $100B Boom- Rystad
2024-07-17 - Southeast Asia's offshore gas industry is set for a $100 billion boom by 2028, driven by a flurry of final investment decisions by oil and gas majors and national oil companies, according to Rystad Energy.
Permian Basin Coalition Highlights Philanthropic Investments
2024-07-23 - Since 2019, the Permian Strategic Partnership has doubled its membership and used philanthropic investments to generate more than $1.5 billion in community support and collaborative investment.
NSTA Opens Investigations into UK North Sea Decommissioning Delays
2024-07-16 - The North Sea Transition Authority is investigating missed deadlines for well decommissioning projects on the U.K. Continental Shelf that have already increased forecast P&A costs to $31 billion between 2023 and 2032.
Eni Reports Discovery Offshore Mexico in Block 9
2024-07-10 - Italian energy giant Eni SpA announced a discovery at the Yopaat-1 EXP exploration well in the offshore Mexico Block 9 of the Cuenca Salina in the Sureste Basin, which potential up to 400 MMboe in place.
CNOOC’s Bohai Bay Well Achieves High Yield
2024-07-11 - CNOOC’s Bozhong 19-6 Condensate Gas Field D1 well, the first ultra-deep well in China’s Bohai Bay, is currently producing approximately 6,300 boe/d.