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.
The project is being constructed as part of Lucid’s recent acquisition of Agave Energy Co. and will involve the installation of a natural gas cryogenic plant, refrigeration, inlet gas amine treater with regeneration, glycol dehydration system, residue compression, and all associated equipment.
Saulsbury previously completed the Silver II 60 MMscfd natural gas cryogenic processing facility in 2014 and the Big Lake 200 MMscfd natural gas cryogenic processing facility in 2015 for Lucid Energy Group in the Midland Basin.
Recommended Reading
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Texas Pacific Land Approves Three-for-one Stock Split
2024-03-10 - Each stockholder of record as of March 18 will be distributed two shares for each share owned.
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.