EagleClaw Midstream Services LLC purchased natural gas gathering and processing assets in Reeves County, Texas, the company said in a Dec. 9 statement. Acquired assets include:
- More than 50 miles of gas gathering pipeline;
- A refrigerated Joule-Thomson plant with a natural gas processing capacity of 15 million cubic feet per day (MMcf/d);
- A 60 MMcf/d cryogenic processing plant; and
- Seven new 1,700-horsepower compressors.
The new assets form EagleClaw’s East Toyah natural gas gathering and processing system, which serves producers in the Delaware Basin, including the upper and middle Wolfcamp, Bone Spring and Avalon Shale formations.
EagleClaw’s anchor customers for the system are Silverback Exploration LLC and Elevation Resources LLC. In support of the acquisition, Silverback dedicated production from 50,000 acres. In support of EagleClaw’s Northwest Toyah system, located within 13 miles of the East Toyah system, Elevation committed production from 50,000 acres. EnCap Flatrock Midstream increased its equity commitment to EagleClaw to $200 million in support of the company’s growth.
Recommended Reading
Venture Global Gets FERC Nod to Process Gas for LNG
2024-04-23 - Venture Global’s massive export terminal will change natural gas flows across the Gulf of Mexico but its Plaquemines LNG export terminal may still be years away from delivering LNG to long-term customers.
Watson: Implications of LNG Pause
2024-03-07 - Critical questions remain for LNG on the heels of the Biden administration's pause on LNG export permits to non-Free Trade Agreement countries.
US Asks Venture Global LNG to Justify Filing of Confidential Documents
2024-03-13 - The FERC request comes days after Venture Global LNG customers had challenged the company's request for a one-year extension of its startup and urged the regulator to make Venture Global release the confidential commissioning documents.
Despite LNG Permitting Risks, Cheniere Expansions Continue
2024-02-28 - U.S.-based Cheniere Energy expects the U.S. market, which exported 86 million tonnes per annum (mtpa) of LNG in 2023, will be the first to surpass the 200 mtpa mark—even taking into account a recent pause on approvals related to new U.S. LNG projects.
Venture Global Seeks FERC Actions on LNG Projects with Sense of Urgency
2024-02-21 - Venture Global files requests with the Federal Energy Regulatory Commission for Calcasieu Pass 1 and 2 before a potential vacancy on the commission brings approvals to a standstill.