The Dallas company sold substantially all of its assets, which included about 95,000 net acres and 380 miles of associated gathering and processing infrastructure in North Louisiana and North Texas, to Aethon United for an undisclosed amount.
The project is worth more than 50 billion riyals (US$13.3 billion) and, when completed in 2019, will be the first program in the kingdom to treat gas from both onshore and offshore fields.
Sanchez Energy’s recent midstream divestiture provides the Houston company additional firepower to expand its territory in the Eagle Ford.
President and CEO Rod Sailor said that the Bradley II plant will serve production from the Scoop and Stack, and other plays within the Anadarko Basin.
Jim Lelio, TopSail’s CEO, said that the company plans to have a long-term national processing arrangement and will construct several regional locations for this plan across the U.S. over the next 18 months.
Phase two will feature an additional 200 Mcf/d of processing capacity, incremental gas and crude gathering and added market connectivity.
Resolute plans to use proceeds to lower debt and fund drilling in the Delaware Basin, where the company said it’s seeing ‘compelling results.’
Keyera said July 7 it agreed to acquire an additional 35% ownership interest in the Alder Flats Plant in west central Alberta from Bellatrix Exploration for C$112.5 million (US$86.2 million).
Vaquero said the 12-inch NGL header was also commissioned with outlets connecting to Lone Star’s West Texas Gateway Pipeline and Enterprise’s Chaparral systems.
The Lafayette, La.-based company entered into a gas gathering and processing agreement with Williams at the Mary Field in Appalachia. The field, located in West Virginia, targets the Marcellus Shale play.
The plant processes 1.5 billion cubic feet of gas per day gathered from offshore platforms in the Gulf of Mexico. The fire, which erupted after an explosion at about 11:30 p.m. local time, was under control, police said.
The rich-gas gathering lines will be constructed, as will a residue pipeline to Waha and an NGL pipeline to Enterprise’s Mid-America Pipeline system.