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Glass Mountain Pipeline Holdings, LLC
United States
This is a Subsidiary, click here for the Parent Company
Business Summary
Glass Mountain Pipeline Holdings, LLC was formed by BlackRock Inc. to facilitate its acquisition of Glass Mountain Pipeline, LLC ("Glass Mountain" or “GMP”) from NGL Energy Partners LP and SemGroup Corporation for $600 million. Glass Mountain is a fully integrated, multi-play crude transportation system in Oklahoma, which services the STACK/Merge, Granite Wash and Mississippi Lime plays and delivers crude oil to one million barrels of GMP-owned storage at Cushing, Oklahoma. GMP completed construction of the original, approximately 215-mile system and began commercial operations in April 2014. An approximately 44-mile extension into the STACK was announced in December 2016, and is expected to be complete by calendar year-end 2017 and operational in early 2018. Once the STACK extension is completed, the system would include pipeline capacity of approximately 210,000 barrels of oil per day and approximately 1.8 million barrels of storage, including 1.0 million barrels located in Cushing, Oklahoma. The pipeline is supported by long-term agreements with producers, including both take-or-pay and area dedications.
(Source: PRESS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
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Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
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Industries
SIC Code Description
1629 Heavy construction, not elsewhere classified


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Saturday, March 30, 2024