Medallion Crude Oil Logistics, LLC is a midstream energy provider offering integrated crude oil gathering, transportation, and storage solutions. Headquartered in Irving, Texas, the company operates in the heart of the Permian Basin to support some of the most dynamic and high-growth oil producers in the region.

Founded under the ownership of The Energy & Minerals Group (EMG) and Laredo Petroleum, Medallion quickly became the largest privately held crude oil transportation system in the Midland Basin featuring over 800 miles of pipeline, approximately 670,000 dedicated acres, and nearly four million acres of mutual interest In 2017, Global Infrastructure Partners (GIP) acquired Medallion, maintaining its brand identity and retaining its leadership team to continue its trajectory of operational expansion across both the Midland and Delaware Basins.

History Developments

In October 2024, ONEOK, Inc. completed the acquisition of Medallion Crude Oil Logistics, LLC bringing onboard over 1,200 miles of crude oil gathering pipelines, 1.3 million barrels per day of capacity, and roughly 1.5 million barrels of storage within the Permian Basin, This milestone broadened ONEOK’s asset portfolio and further integrated Medallion’s infrastructure into a larger, value driven midstream ecosystem.