Dallas-based Lucid Energy Group has agreed to expand its natural gas gathering and processing in the Permian Basin of New Mexico with a subsidiary of Marathon Oil Co., and to commission a cryogenic processing plant in Lea County.
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Dallas-based Cogent Midstream LLC said Wednesday it plans to expand its natural gas processing capacity in West Texas with an additional 200 MMcf/d refrigerated cryogenic processing plant at the Big Lake Plant in Reagan County.
Riverstone Holdings LLC and Goldman Sachs Group Inc. are flexing their financial muscle in the Permian Basin, agreeing to pay $1.6 billion for a portfolio of natural gas processing properties in the Delaware sub-basin of New Mexico.
Lucid Energy Group announced Tuesday the start-up of a 200 MMcf/d cryogenic natural gas processing expansion at its Red Hills complex in Lea County, NM, adding that it remains on schedule to bring another new plant online in the state early next year to serve more activity in the Permian Basin.
Dallas-based midstream provider Lucid Energy Group II LLC has acquired Agave Energy Co., which owns and operates natural gas gathering and processing assets in the Delaware Basin of southeastern New Mexico and the Powder River Basin of eastern Wyoming.