Enogex has agreed to acquire natural gas midstream pipeline assets with dedicated rights to gather and process production from a large acreage position in the Granite Wash, Tonkawa and Marmaton plays of northwestern Oklahoma, the company said Friday.
The company also approved further expansion of its new Wheeler County, TX, processing plant and construction of a 200 MMcf/d processing plant. The acquisition and expansion of the company’s gathering and processing infrastructure are intended to expand Enogex’s market share in the Midcontinent production area, the company said.
Parties to the acquisition transactions are Cordillera Energy Partners III LLC, Oxbow Midstream LLC and West Canadian Midstream.
Enogex is to acquire Roger Mills Gas Gathering LLC from Cordillera, Oxbow and West Canadian Midstream. Roger Mills owns a gathering system in Roger Mills and Ellis counties. Enogex also is to acquire an additional gas gathering system in Roger Mills County from Cordillera and Oxbow and long-term dedication of acreage from Cordillera, it said.
The transactions are expected to close in November, subject to customary conditions and anti-trust clearance.
Enogex has received multiple large dedications from producers in the Granite Wash and Cana Woodford plays. These dedications represent more than 1 million gross acres and are in some of the most economic natural gas and natural gas liquids plays in the United States, the company said.
©Copyright 2011Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.
© 2020 Natural Gas Intelligence. All rights reserved.
ISSN © 1532-1231 | ISSN © 2577-9877 |