Koch Adds to West Texas Gathering
Koch Midstream Services Co. of Houston bought West Texas
gathering and treating assets from Glossop Gas Co. Koch acquired
Glossop's Chenot Putnam Gathering System and Treating Plant in
Pecos County, TX. The treating plant is capable of processing 10
MMcf/d. The gathering system includes 33.5 miles of high-pressure
pipeline. The system also includes existing production.
"In addition to enhancing our treating capabilities in West
Texas, these assets are strategically situated to expand our
existing gathering infrastructure," said John Gibson, president of
Koch Midstream Services. "The additional flexibility in moving gas
volumes between existing plants and the expanded capacity fit
Koch's long-term growth strategy for the West Texas Region." Terms
of the all-cash deal were not disclosed.
In addition to these assets, Koch Midstream Services owns and
operates its Coyanosa and Tippett processing plants, along with
extensive high- and low-pressure gathering systems in West Texas
and gathering systems, two treating facilities and three processing
plants in East Texas.
"This is a great fit for our West Texas assets," said Koch
spokeswoman Mary Beth Jarvis. "Koch Midstream has now got natural
gas gathering and initial stage processing capabilities in two very
robust and soon to be well integrated asset areas, West Texas and
East Texas. And this is a great fit with our West Texas assets."
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