Azure Midstream Partners LP completed two new deals with producers totaling 32 million cubic feet per day (MMcf/d) of natural gas, the company said Jan. 4.
The first is a four-year, fee-based deal with an independent producer in East Texas that is expanding its acreage position of 15,200 acres, already operated, in Panola County.
There is one active rig drilling two horizontal Haynesville wells there, and the producer plans to drill additional wells in 2016. Minimal capital cost was required to facilitate delivery into Azure’s gathering system, the company said.
The second is a five-year fee-based deal in the Waskom, Texas, area with a producer whose well produces 9.2MMcf/d in Harrison County. It is one of the first horizontal Cotton Valley wells in the area. This producer is currently evaluating drilling offsets and is working to acquire additional acreage in the area.
Azure Midstream Partners LP is based in Dallas.
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