Raptor

Duke Energy Field Services (DEFS) closed the purchase of 1,000 miles of gathering pipeline, the 75-mile Raptor intrastate pipeline system, as well as processing assets in southeast New Mexico from ConocoPhillips for $74 million. The assets include the Hobbs, Antelope Ridge and Zia processing plants with total capacity of 112 MMcf/d. “These assets acquired from ConocoPhillips allow DEFS to capture synergies from our existing asset base in southeast New Mexico,” said DEFS Chairman Bill Easter. “They will further enhance our ability to gather and process all types of gas, improve system flexibility and increase service offerings for our customers.”