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Outrigger Energy II LLC (“Outrigger”) announced today that it has completed the sale of its midstream system in Weld County, Colorado to Summit Midstream Partners, LP (NYSE:SMLP) (“Summit”). Outrigger’s DJ Basin system includes a 60 MMcfd cryogenic natural gas processing plant with product deliveries to the Cheyenne Plains gas pipeline and DCP’s natural gas liquids (“NGL”) system, approximately 70 miles of low-pressure natural gas gathering pipelines, approximately 90 miles of high-pressure natural gas gathering pipelines, 12,800 horsepower of field and plant compression and approximately 30 miles of crude oil gathering pipelines with delivery to the Pony Express Pipeline.
Outrigger Energy II LLC (“Outrigger”) announced today that it has completed construction of its Williston Basin midstream facilities project in Williams County, ND. The assets consist of the Bill Sanderson Gas Processing Plant, a 250 MMcfd cryogenic gas processing plant located west of Williston, ND, and an 80-mile, 20 and 24-inch diameter, rich gas gathering system originating in eastern Williams County and terminating at the Bill Sanderson Plant. The high efficiency plant features ethane recovery and rejection capabilities with direct market access to the Northern Border Pipeline system for residue gas and the ONEOK NGL pipeline system for natural gas liquids.
Outrigger Energy II (“Outrigger”) announced today that it has entered into a long-term definitive gas gathering and processing agreement with XTO Energy, Inc. (“XTO”) to service XTO’s production in Williams County, ND. The gathering system will comprise a 70-mile, 20- and 24-inch diameter, rich gas pipeline originating in eastern Williams County and terminating at a new 250 MMcfd cryogenic gas processing plant located west of Williston, ND.
Outrigger Energy II LLC (“Outrigger”) announced today that it has commenced development of a tri-stream midstream system in Weld County, Colorado. Outrigger’s system will include wellhead natural gas gathering, a 60 MMCFD cryogenic processing plant, field compressor stations, crude oil gathering, and produced water gathering.
Outrigger Energy LLC (“Outrigger”) and certain of its partners and affiliates, today announced the signing of definitive agreements with a subsidiary of Targa Resources Corp. (“Targa”) whereby Targa has agreed to acquire Outrigger’s three midstream subsidiaries in the Permian Basin (“Outrigger Permian”) for cash consideration of up to $1.5 billion, subject to certain adjustments.
Outrigger Energy announced today that it has commenced operation of its crude oil gathering system in the Powder River Basin of Wyoming.
Outrigger Energy announced today that it has secured an equity commitment from energy and resources-focused global private equity firm, Denham Capital, and private investor, Brian G. Wise.
Outrigger Energy LLC (“Outrigger”) announced today that it is significantly expanding its midstream capabilities in the Permian Basin with the addition of a natural gas gathering and processing and crude oil gathering system in the Midland Basin of West Texas.
Outrigger Energy LLC (“Outrigger”) announced today that it has commenced development of a midstream system in the Delaware Basin of West Texas.