Carlin Conner is president and CEO of SemGroup Corp.
Ultra said in a statement that it expects the new agreements to provide financial benefits related to its operations at the Pinedale Field asset in Wyoming
Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.
The two transactions are expected to close in late first-quarter or early second-quarter 2017, subject to closing conditions including expiration of the waiting period under the HSR Act.
Kirk N. Blackim has more than 30 years’ experience in management, working in business development, accounting, finance, operations and governmental regulation of midstream and gas transmission systems for most U.S. basins.
There could be development of eight additional processing facilities, in the Sherwood complex and a new location in West Virginia, the press release added.
Following the installation of the Roadrunner I plant, Lucid’s South Carlsbad System processing capacity will be 510 MMcf/d, an increase of more than 750% since the August 2016 acquisition of the Agave assets, the company said.
Santa Fe Midstream will supply the additional capital required to construct gathering pipelines as well as a new 200 million cubic feet per day cryogenic gas processing plant in Culberson County, Texas.
The acquisition is tied to 250,000 acres where operators hold decades of drilling inventory in the Midland and Delaware basins.
Reuters reported that AltaGas Ltd. will jointly build a natural gas processing plant and a NGL separation train with a privately held producer in the Montney shale play in western Canada.
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.