Cardinal Midstream III LLC has secured a long-term dedication in excess of 100,000 acres to its Iron Horse System from Camino Natural Resources LLC, the company said on May 1.
The Camino dedication more than doubles the geographic reach of the Iron Horse System and, in combination with the previously announced Travis Peak Resources LLC dedication, brings total dedicated acreage to approximately 150,000 acres located across Canadian, Grady, McClain, Stephens and Caddo counties. The Iron Horse System is a new natural gas gathering and processing system designed to serve producers working in Oklahoma’s Scoop, Stack and Merge plays.
Cardinal also announced that Camino’s financial sponsor, NGP Energy Capital Management LLC, will provide capital to support the rapid growth and expansion of the Iron Horse System alongside Cardinal’s financial sponsor, EnCap Flatrock Midstream.
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