American Midstream, Inc. (AMI) believes there is a strong market opportunity for a new organization to acquire and operate midstream oil and gas assets and maximize profitability by using innovative financial structures and operating systems. Midstream assets include oil and natural gas gathering, storage and transmission equipment. The opportunity will be captured by organizing a team of experienced individuals to implement the processes to identify, acquire, securitize and manage strategically selected natural gas transmission and storage assets. These midstream assets are currently owned by the large integrated oil companies, public utilities and energy conglomerates seeking to restructure their operations and balance sheets by selling these non-core assets.
American Midstream, Inc. (AMI) will be primarily engaged in the interstate transmission and storage of natural gas, but we may also seek to provide LNG terminalling and regasification services. AMI will manage, but not own, a large natural gas pipeline network, which provides customers in the Midwest and East Coast with a comprehensive array of natural gas transportation services. The Company's major customers will include gas and electric utilities as well as industrial concerns.
A large quantity of the Company's revenue will come from long-term service agreements with local distribution company customers. AMI will also provide firm transportation services under contract to gas marketers, producers, other pipelines, electric power generators and a variety of end-users. In addition, the pipelines will offer both firm and interruptible transportation to customers on a short-term or seasonal basis. Demand for gas transmission on the Company's pipeline systems is expected to be seasonal, with the highest throughput and a higher portion of revenues occurring during the colder period in the first and fourth quarters.
In addition to various pipelines, the Company will operate gas gathering equipment and compressor stations. It also will seek to acquire natural gas storage facilities in Illinois, Kansas, Louisiana, Michigan, Ohio, Oklahoma and Pennsylvania on an opportunistic basis in support of the Company's managed transmission value chain. – less – More from ZoomInfo »