Paradigm Energy/Stonepeak To Build Gathering/Transport Systems

May 2014, Vol. 241, No. 5

Paradigm Energy Partners, LLC has executed a gathering contract that will anchor the build-out of an expansive gathering system extending from the Charleson Field of northern McKenzie County, ND, south to market take-away in and around Johnson’s Corner.

Paradigm has partnered with Stonepeak Infrastructure Partners, who has committed to fund the Charleson Field gathering and transport system, as well as other energy infrastructure projects in the Bakken and Eagle Ford shales, and expects to deploy an initial $200 million in the projects. The initial financing will be used to support Paradigm’s build-out in McKenzie County, but the partnership’s expectations will be to increase the capital commitment as the company executes its substantial midstream build-out in both North Dakota and South Texas.

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