3Bear Energy, LLC has entered into definitive agreements with an anchor shipper to develop, own and operate a gathering and processing system serving the Northern Delaware Basin in Lea and Eddy Counties in New Mexico.
As part of the project, 3Bear Energy is constructing more than 100 miles of pipeline wellhead gathering, including systems for oil, gas and water transportation, a central water treatment facility, crude terminal and a 60,000 Mcf/d cryogenic gas processing plant with treating capabilities. The company expects the system to be operational in the first quarter of 2018.
“3Bear is pleased to be able to provide midstream services to our customers in support of their drilling plans in one of North America’s fastest growing oil and gas basins,” Bob Clark, 3Bear Energy CEO, said. “The 3Bear system is ideally positioned in the basin and will provide an excellent platform as we continue to expand our assets to serve producers’ growing volumes of crude, gas, and water across the Northern Delaware.”