NGL Energy Partners LP has signed a new long-term produced water transportation and disposal agreement with a supermajor producer, the company said July 8.
The new agreement is with a producer operating in Loving County within the core of the Delaware Basin and includes a 15-year acreage dedication. The partnership plans to use its existing infrastructure and significant disposal capacity to service this new contract, as it has with other recent dedications.
“We are extremely pleased to announce this new commitment with a current customer. NGL continues to deliver reliability and long-term value to our customers. In the current environment, the dedication demonstrates the confidence our customers have in NGL’s ability to deliver reliable midstream services,” said Doug White, NGL’s executive vice president of water solutions.
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 and Eagle Ford Basins in Texas, and the DJ Basin in Colorado.
Recommended Reading
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Lion Equity Partners Buys Global Compression from Warren Equipment
2025-01-09 - Private equity firm Lion Equity Partners has acquired Warren Equipment Co.’s Global Compression Services business.
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
EnLink Investors Vote in Favor of ONEOK Buyout
2025-01-30 - Holders of EnLink units voted in favor of ONEOK’s $4.3 billion acquisition of the stock, ONEOK announced Jan. 30.