New Midstream Joint Venture to Provide Permian Basin NGL Takeaway Capacity
(P&GJ) — Three U.S. midstream companies announced the formation of a joint venture (JV) to provide natural gas liquids takeaway capacity from facilities in the Permian Basin.
The JV consisting of WhiteWater Midstream, MPLX and West Texas Gas, will offer NGL transport from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX.
WhiteWater Midstream’s Investment in the JV is backed by Ridgemont Equity Partners, Denham Capital Management and the Ontario Power Generation Inc. Pension Plan.
The JV will provide transportation service through the utilization of existing infrastructure with limited initial construction while allowing for future expansions if necessary.
The JV is supported by volumes from key processing plants with long-term commitments from top-tier Permian producers.
As part of this NGL transportation solution, the JV has entered into multiple capacity arrangements from Orla, TX to Sweeny, TX including an agreement with EPIC Y-Grade Pipeline LP (EPIC) to own an undivided joint interest in EPIC’s existing 24” NGL pipeline from West Texas to the Eagle Ford Basin.
Related News
Related News
- FERC Chairman Details Position on Natural Gas Pipelines
- Perspective: 'Blockadia' Helped Cancel the Keystone XL Pipeline
- NYC Natural Gas Ban Costs Potentially ‘Astronomical’
- Cold Weather Leads to Near-Record Withdrawals from Underground Natural Gas Storage
- 18 Companies Quit Nord Stream 2 Pipeline Project
- Spotlight on South America: New Gas Pipeline to Boost Northern Peru
- Duke Energy Begins Replacing Aging Gas Pipeline
- NYC Natural Gas Ban Costs Potentially ‘Astronomical’
- White House Climate Czar and Big Oil Meet, Talk Cooperation
- After Winter Crisis, Texas Power Grid Assures It Will Meet Record Summer Demand
Comments