The completion of the Buffalo Creek plant increases the partnership’s total processing capacity in the Anadarko Basin to 435 MMcf/d at two major complexes.
Cape has more than 30 years’ experience in oil and gas land management, the company said.
Expected recovery of 303,000 BOE per well.
SM is expected to shift capital from the deal to the Eagle Ford, Bakken and Permian.
Cabot sold its assets in the Marmaton play in Oklahoma and Texas for approximately $160.1 million to Chaparral Energy.
The company has aggressively been working on its Kansas wells during the past 30 days.
The trust will also pay a distribution of $0.1432 per subordinated unit for the quarter.
The Granite Wash Extension pipeline is anticipated to have an initial capacity of 70,000 barrels per day to Ringgold, Texas and is expected to be operational in the fourth quarter of 2014.
The company’s Anadarko Basin assets include approximately 56,000 net mineral acres.