1of2!!!!! trending /marketintelligence/en/news-insights/trending/jzj2oB8GmfwlcBXuR5RE4Q2 Menu & Reservations Make Reservations . For the combined transactions, Morgan Stanley and CIBC Capital Markets acted as financial advisors to Williams. And at the same time, Dominion announced it was shopping its 50% ownership stake in Blue Racer Midstream (see Dominion Sells 2 Gas-Fired Plants; Blue Racer Midstream For Sale ). 2020-11-20 - MXLMX - Great-West Multi-Sector Bond Fund Investor Class has filed a NPORT-P form disclosing ownership of 650,000 shares of Blue Racer Midstream LLC / Blue Racer Finance Corp (US:095796AE8) with total holdings valued at $572,000 USD as of 2020-09-30. Moody's Covenant Quality Snapshots assess investor protections in six key risk categories: Cash leakage (dividends), Risky investments, Leveraging, Lien subordination, Structural subordination and Change of control. With cryogenic processing capacity of 200 million cubic feet per day (MMcf/d) already online, Natrium is the first large-scale processing plant to serve rich-gas production in the Utica Shale. casey.nikoloric@ten10group.com Thank you for your interest in S&P Global Market Intelligence! Blue Racer Midstream's gathering system, located in southeastern Ohio and the panhandle of West Virginia, primarily handles natural gas produced from the Utica Shale and the southwestern portion of the Marcellus Shale. 303.507.0510 (Cell). Our expanding supersystem positions and integrated assets are needed to achieve the best possible price realizations. The transaction is expected to close before year-end, subject to regulatory approvals. Caiman Energy II is an interesting midstream (pipeline & processing plant) company. "[W]e have a long history of investing in the Utica shale, most notably through our ownership of Ascent Resources which is currently the largest natural gas producer in the basin. Fill out the form so we can connect you to the right person. The consideration consists of $1.2 billion in cash and up to $300 million in earn-out payments from 2019 to 2021, based on Blue Racer's performance. The joint venture excludes Williams’ ownership interests in Flint Gathering, Cardinal Gathering, Marcellus South Gathering, Laurel Mountain Midstream and Blue Racer Midstream. Caiman is related to (backed by) Williams, and Caiman is the operator of Blue Racer Midstream. S&P Global China Credit Analytics Platform, Differentiated Data to Make Informed Decisions, 34th Annual Power and Gas M&A Symposium 2021, Life Under Biden: Tariffs, Taxes and Deals in 2021 and Beyond, Recovery and Resilience: Supply Chain and Logistics Planning in 2021 and Beyond. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login. Reviews (740) 838-1000. Blue Racer Midstream is dedicated to providing Utica and Marcellus Shale producers with one stop for comprehensive midstream services and maximum flexibility across the basin. If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ. You're one step closer to unlocking our suite of comprehensive and robust tools. Blue Racer Midstream-NSF2 27254 Pump Station Rd Summerfield OH 43788. First Reserve said it plans to fund the transaction in part with equity from First Reserve Fund XIII and its other affiliated investment funds, according to a Nov. 1 news release. Caiman is part of a spaghetti mix of intertwined midstream operators in the Marcellus/Utica. plans to use initial proceeds from the deal to reduce parent-level debt. Blue Racer Midstream, LLC's score compares with the US average of 3.60 and the peer group average of 3.58. Get directions, reviews and information for Blue Racer Midstream-NSF2 in Summerfield, OH. We are very pleased with the attractive valuation achieved through the competitive sale process which represents a multiple range of approximately 14 times to 16 times estimated 2018 EBITDA based on bookends of potential payments to be received under the earn-out structure," Dominion Chairman, President and CEO Thomas Farrell II said. Caiman Energy II owns half of Blue Racer Midstream, a network of pipelines which moves natural gas in the Utica and Marcellus shale formations. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. Blue Racer provides natural gas gathering, compression, dehydrating, treating, processing, fractionation and transportation services. There are 4 companies in the Blue Racer Midstream, LLC corporate family. This historical and current portfolio experience leads us to believe the Utica shale is one of the premier rich natural gas development areas in the U.S., and, in our view, Blue Racer is particularly well-positioned to capture this opportunity," First Reserve Managing Director Gary Reaves said. Find out what works well at Blue Racer Midstream from the people who know best. At this time we are unable to offer free trials or product demonstrations directly to students. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Blue Racer is a joint venture between Dominion and Caiman Energy II LLC to develop midstream assets in Appalachia's Utica and Marcellus shales. Blue Racer Midstream, LLC | 2.723 follower su LinkedIn. Dominion and Caiman are co-owners of Blue Racer Midstream, a $1.5 billion joint venture to provide midstream services to rich-gas producers in the Utica Shale. Please disable your pop-up blocker for optimal performance. Thank you for your interest in S&P Global Market Intelligence! The company. New York, July 09, 2020 -- Moody's Investors Service (Moody's) assigned a B2 rating to Blue Racer Midstream, LLC's (Blue Racer) proposed $400 million senior unsecured notes due 2025. The sale of the power plants and potential sale of Blue Racer is aimed at helping Dominion pay down debt. We noticed you've identified yourself as a student. The rating also considers Blue Racer's upcoming 2022 debt maturity, potential capital needs to support future expansion, as well as its private ownership. The company had hinted at a sale of its stake in Blue Racer Midstream to shore up its balance sheet. Blue Racer Midstream was created in December 2012 by Dominion Energy and Caiman Energy II as a 50:50 joint venture to own, operate, develop and acquire midstream assets in the Utica Shale and certain nearby areas in the Marcellus Shale. Our expanding supersystem positions and integrated assets are needed to achieve the best possible price realizations. Blue Racer Midstream, LLC believes such projections have been prepared based on reasonable assumptions, but makes no representation or warranty as to the accuracy or completeness of such projections, other forward looking information and information of … Blue Racer Midstream, LLC announced a cash tender offer to purchase any and all of its outstanding 6.125% senior unsecured notes due 2022. Within Blue Racer you will work with highly motivated individuals who encourage communication. Market Intelligence Blue Racer Midstream, LLC has 75 total employees across all of its locations and generates $47.76 million in sales (USD). In April 2012, Caiman sold their West Virginia assets (Caiman "I") to Williams for $2.5 billion. first reserve announces strategic investment by south korean company sk holdings co., ltd. in blue racer midstream, llc. First Reserve to acquire Dominion's 50% stake in Blue Racer Midstream, Six trends shaping the industries and sectors we cover in 2021, Q3: U.S. mar 27, 2019 The company plans to use initial proceeds from the deal to reduce parent-level debt. TEN|10 Group esgSubNav. We apologize for any inconvenience this may cause. content Gibson Dunn served as legal counsel to Williams. Everything Midstream | Blue Racer is a joint venture between Caiman Energy II and First Reserve Corporation to own, operate, develop and acquire midstream assets in the Utica Shale and certain adjacent areas in the Marcellus Shale. Our employees describe Blue Racer as caring, innovative, inclusive, and positive. Blue Racer is a joint venture between Dominion and Caiman Energy II LLC to develop midstream assets in Appalachia's Utica and Marcellus shales. Blue Racer Midstream's natural gas processing plant in Natrium, W.Va., recently resumed operations and is on pace to expand in coming months, the company announced Monday. Compare pay for popular roles and read about the team’s work-life balance. Related Content Companies Blue Racer Midstream, LLC is located in Dallas, TX, United States and is part of the Oil & Gas Field Services Industry. Blue Racer is a joint venture formed in December 2012 by Dominion and Caiman Energy II, LLC (“Caiman II”) to own, operate, develop and acquire midstream assets in the Utica Shale and certain adjacent areas in the Marcellus Shale. Cambridge, Ohio. Uncover why Blue Racer Midstream is the best company for you. Blue Racer Midstream, LLC ("Blue Racer") and its wholly owned subsidiary Blue Racer Finance Corp. today announced the pricing of the previously announced offering (the "Notes Offering") of their senior notes due 2025 (the "senior notes"), which was upsized to $600 million in aggregate principal amount from the originally proposed $550 million offering. One of our representatives will be in touch soon to help get you started with your demo. Blue Racer Midstream , LLC Senior VP, Business Development 5949 Sherry Lane, Suite 1300 Dallas, TX 75225 Compiled by: Marc Halbritter Blue Racer Midstream , LLC Senior VP, Business Development 5949 Sherry Lane, Suite 1300 Da llas, TX 75225 Phone: (214) 580 -3709 Fax: (214) 580 … Blue Racer Midstream is dedicated to providing Utica and Marcellus Shale producers with one stop for comprehensive midstream services and maximum flexibility across the basin. and!fractionation!plant!serving!the!marcellus!and!uticashale!plays Dominion tapped Goldman Sachs & Co. as financial adviser and Troutman Sanders LLP as legal counsel for the deal. Blue Racer provides natural gas gathering, compression, dehydrating, treating, processing, fractionation and transportation services. The venture excludes Williams’ ownership interests in Flint Gathering, Cardinal Gathering, Marcellus South Gathering, Laurel Mountain Midstream, and Blue Racer Midstream. Blue Racer Midstream, LLC November 2013 – Present 6 years. The B1 CFR is supported by Blue Racer's long-term fee-based cash flow, diversified customer base, integrated midstream operations, good organic growth track record, and ongoing strong support from its private owners. Energy-focused private equity investment firm First Reserve Corp. agreed to buy Dominion Energy Inc.'s 50% interest in Blue Racer Midstream LLC for up to $1.5 billion. forimmeiate!release blue!racermidstreamtakes!overthe!natriumgas!processing! Password is case sensitive. "We are very pleased with the attractive valuation achieved through the competitive sale process which represents a multiple range of approximately 14 times to 16 times estimated 2018 EBITDA based on bookends of potential payments to be received under the earn-out structure," Dominion Chairman, President and CEO Thomas Farrell II said. Formed In December 2012, Blue Racer Midstream is a $1.5 billion joint venture between Caiman Energy II, LLC and Dominion (NYSE: D) dedicated to providing Utica Shale producers with midstream services and the ability to receive the highest value for their products. Solar and Wind Power by the Numbers, Path to Carbon-Free Power Generation by 2035. According to Dominion, Blue Racer has become a noncore investment as it shifts its focus on regulated energy infrastructure. Dominion and Caiman are co-owners of Blue Racer Midstream, a $1.5 billion joint venture to provide midstream services to rich-gas producers in the Utica Shale. Casey Nikoloric Dan Garcia | Greater Pittsburgh Area | Regulatory Compliance Manager at Blue Racer Midstream, LLC | 500+ connections | See Dan's complete profile on Linkedin and connect At Blue Racer Midstream, we recognize our employees are our greatest asset and we are looking for dynamic, results-focused individuals to join our family. 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