Castleton Commodities International LLC announced May 1 that a subsidiary has acquired a gas processing facility in Kirtland, N.M. and about 225 miles of gathering pipelines from a wholly owned subsidiary of Anadarko Petroleum Corp. (NYSE: APC). The transaction amount was not disclosed.
The San Juan Plant has a capacity of 75 million cubic feet per day (MMcf/d) and is able to process sour gas that is high in sulfur as well as recover NGLs through its 20 MMcf/d cryogenic processing unit. About 150 of its 225 miles of gathering pipelines connect into Castleton's, based in Stamford, Conn., existing Lisbon gas plant.
“We are pleased to add the San Juan Plant to our growing portfolio of energy assets and expand our footprint in the Four Corners area,” Brad Burmaster, Castleton vice president of midstream operations, said in a May 1 press release. “The San Juan acquisition is a logical expansion of CCI's existing upstream and midstream assets in Colorado, Utah and New Mexico.”
Jones Day served was legal counsel to Castleton.
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