LM Energy Holdings LLC announced May 13 that the company has entered into agreements with multiple customers to support expanding its gas gathering systems in Eddy and Lea counties, New Mexico.
The project will include multiple new compressor stations and about 70 miles of large-diameter, low-and-high-pressure gas pipelines, including a 27-mile, 20-inch pipeline connecting the company’s existing Touchdown gas gathering system to multiple gas processing facilities near Loving, New Mexico.
The project will increase the system’s natural gas capacity to 500 MMcf/d with a total of 10 compressor stations and 150 miles of gas gathering pipelines. The network additions will enter service by the second quarter of 2025.
“The successful commercialization of these growth projects with multiple blue-chip customers is a testament to the strategic positioning of our assets and our relentless focus on customer service,” said LM CEO Elliot Gerson in a press release.
Recommended Reading
Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana
2024-09-09 - Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
Diamondback to Sell $2.2B in Shares Held by Endeavor Stockholders
2024-09-20 - Diamondback Energy, which closed its $26 billion merger with Endeavor Energy Resources on Sept. 13, said the gross proceeds from the share’s sale will be approximately $2.2 billion.
Marathon Oil Expects ‘Mass Layoff’ After ConocoPhillips Deal Closes
2024-10-31 - Marathon Oil’s merger with ConocoPhillips, which is to close by year-end, will trigger a layoff of more than 500 Houston employees, according to a state regulatory filing.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.