NGL Energy Partners LP on Aug. 31 said that the partnership signed a long-term extension and expansion of an acreage dedication with an existing customer.
The extension of this agreement is with a leading, investment grade independent producer customer operating in Lea and Eddy Counties, New Mexico within the Delaware Basin. The new agreement increases its acreage dedication by 22,000 acres, increasing the new total dedicated acres with the customer to approximately 122,000 acres, and extends the term through 2027.
“The renewal and extension of this agreement is a huge accolade to the NGL team, as it again demonstrates our ability to continually execute on produced water transportation and disposal needs of our customers in an unrivaled safe, efficient and reliable manner,” Christian Holcomb, COO of Water Solutions, said.
NGL owns and operates the largest integrated network of large diameter produced water pipelines, recycling facilities and disposal wells in the Delaware Basin. The partnership’s water solutions segment operates in a number of the most prolific crude oil and natural gas producing areas including the Delaware Basin in New Mexico and Texas, the Midland Basin in Texas, the DJ Basin in Colorado and the Eagle Ford Basin in Texas.
Recommended Reading
Paisie: Geopolitics, Economic News Rattle Oil Markets
2024-08-21 - Demand is expected to outstrip supply in third-quarter 2024, with prices in the $80s.
DC Appeals Court Shoots Down White House’s Pipeline Safety Rules
2024-08-20 - The Interstate Natural Gas Association of America brought the suit against five new regulations, claiming the new rules did not provide enough benefits to justify the costs associated with implementation.
Belcher: How Overturning the Chevron Deference Will Impact Energy Regs
2024-08-20 - The decision will enable the industry to challenge an array of federal regulatory actions.
Mexico Energy Forum: Election Impacts on US-Mexico Energy Trade
2024-08-15 - Mexico Energy Forum President Roberto Salinas León shared his thoughts with Oil and Gas Investor on a number of themes related to recent elections in Mexico.