trending Market Intelligence /marketintelligence/en/news-insights/trending/1tPIir9rY423wW0NnhOiPw2 content esgSubNav
In This List

NGL Energy Partners closes sale of Midcontinent refined products business

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Energy Evolution | A transition to cleaner energy drives demand for new nickel mines

Podcast

Energy Evolution | Looking ahead to the energy transition in 2023


NGL Energy Partners closes sale of Midcontinent refined products business

NGL Energy Partners LP closed the sale of its refined products business in the Midcontinent region of the U.S., known as Mid-Con, to an undisclosed buyer, according to a Jan. 9 SEC filing.

The buyer purchased the inventory and open derivative positions of Mid-Con and assumed the partnership's obligations under certain system storage agreements, the filing said.

Mid-Con was previously part of NGL Energy Partners' refined products and renewables segment.

Financial details and terms were not disclosed.

NGL Energy Partners owns and operates four main businesses focused on crude oil logistics, water solutions, NGL logistics and refined products and renewables.