The system near Carlsbad in Eddy County, N.M., will have low- and high-pressure gas gathering pipelines, a 130 million cubic feet per day cryogenic processing plant and an NGL takeaway pipeline.
Don Althoff, president and CEO, said Veresen now has more than CA$1.4 billion of projects under construction.
Don Dimitrievich, a managing director at HPS, said that ARM secured takeaway capacity, expanded the gathering footprint and connected third-party producers.
The big Williston Basin play may finally be getting the pipeline capacity that it has long needed.
With potential upside through Wolfcamp downspacing and additional potential in the Avalon and various Bone Spring horizons, PDC CEO Bart Brookman estimates the company has decades of future drilling locations in the Delaware.
M&A deals with gathering agreements designed during high commodity price environment become more complex when prices fall, says consultant.
The planned greenfield crude oil gathering and trunk line system will serve wells in the San Andres Formation in Yoakum County, Texas, and Lea County, N.M., and will transport oil to takeaway pipelines near Denver City, Texas.
Lucid Energy Group recently awarded Saulsbury Industries the engineering, procurement, and construction contract for the Red Hills II 200 MMscfd natural gas cryogenic processing facility located in Lea County, N.M.
ETP now owns 100% of the general partner of PTXP and all of its incentive distribution rights, as well as 6.3 million common units and all 20 million subordinated units of PTXP.
Dominion Midstream’s EBITDA to double following dropdown of Questar Pipeline.
Fallout from Range Resource’s $4.2 billion acquisition in North Louisiana prompts Energy Transfer to head off trouble.
The combination of American Midstream and JP Energy provides scale and efficiency, companies say.