Asset Risk Management’s wholly owned subsidiary. ARM Midstream, is partnering with Highbridge Principal Strategies, LLC to build a cryogenic processing plant, natural gas gathering system, and crude oil gathering system in Oklahoma’s STACK play.
Plans for the Kingfisher Midstream system include over 100 miles of low- and high-pressure gas gathering pipelines, over 15,000 hp of compression, and a new cryogenic processing facility with initial processing capacity of 60 MMcf/d.
The system design is configured strategically to serve STACK producers in Kingfisher County, as well as Blaine, Logan, Garfield, and Canadian counties via additional plant expansions, a high-pressure gathering backbone, and centralized low-pressure delivery points.
The Kingfisher Midstream Project will include a crude oil gathering system that will connect in-field production to Cushing, OK and will include truck loading facilities and storage for 50,000 bbls of crude oil.
The project is expected to start gathering operations shortly and the processing plant will be in service early in 2016. Planning for future system expansion is reportedly underway.