Janney Montgomery Scott (“Janney”) is pleased to share that is has served as exclusive financial advisor to Great Salt Plains Midstream, LLC (“Great Salt Plains Midstream”, or “GSPM”) on its sale of its wholly owned Crude Oil subsidiary, Great Salt Plains Midstream Crude, LLC to MVP Holdings, as well as a sale of its wholly owned Natural Gas subsidiary, Great Salt Plains Midstream Gas, LLC to affiliates of Mustang Fuel Corporation for an undisclosed amount.
Great Salt Plains Midstream is an Oklahoma City, OK based company that provides midstream services in the STACK play of northern Oklahoma. The Company’s services include crude transportation and gas gathering and processing services.
Bryan Mitchell, GSPM Chief Executive Officer, said “Great Salt Plains Midstream was pleased to partner with the Janney Energy Banking Team on the successful sale of GSPM’s Crude Oil and Natural Gas companies”.
About Great Salt Plains Midstream, LLC
Great Salt Plains Midstream, LLC, headquartered in Oklahoma City, provides midstream services to producers in the prolific STACK play of central Oklahoma.
Great Salt Plains Midstream Crude, LLC owns and operates 137 miles of crude transportation pipeline, including the 115-mile Great Salt Plains Pipeline from Cherokee, OK to Cushing, OK providing a key link between the STACK crude oil production region and Cushing, OK storage.
Great Salt Plains Midstream Gas, LLC owns and operates over 160 miles of natural gas gathering pipelines and two cryogenic gas processing plants with a total of 90 MMcfd of natural gas processing capacity.
About MVP Holdings
MVP Holdings (“MVP”) is a privately-owned energy logistics company headquartered in Wichita, KS. MVP and its subsidiaries provide gathering, transportation, processing, storage, distribution, marketing, and other midstream services to independent oil and natural gas producers, refiners of petroleum products, and other market participants located throughout the United States.
About Mustang Fuel Corporation
Mustang Fuel Corporation is a private Oklahoma City-based independent energy company engaged in exploration, production, gathering and processing of oil and natural gas in the Mid-Continent region. More information about Mustang Fuel Corporation is available at www.mustangfuel.com.