Catalyst Midstream Partners LLC, a joint venture between affiliates of Howard Energy Partners LLC and WPX Energy Inc. (NYSE:WPX), announced Dec. 8 that its wholly-owned subsidiary, Stateline Crude LLC has launched a binding open season for long-term contractual commitments to a new crude oil gathering and related pipeline system to serve the prolific Delaware Basin. The binding open season commenced Dec. 8 and is scheduled to conclude on Jan. 8, 2018.
Catalyst’s new system is expected to include approximately 50 miles of crude oil gathering and transportation pipelines designed with the capacity to handle 125,000 barrels per day. It will span portions of Eddy County, New Mexico and Reeves and Loving counties, Texas, delivering into a new terminal facility located in Loving County. The new terminal, nearing completion, will have an initial working storage capacity of 50,000 barrels. Construction on Catalyst’s new crude oil gathering system has begun and is expected to be fully operational by fourth-quarter 2018.
Catalyst is supported by long-term contracts with WPX, one of the leading operators in the Delaware Basin. Those contractual commitments include an area of mutual interest of more than 600 square miles in Lea and Eddy Counties, New Mexico and Reeves and Loving counties, Texas, with 50,000 net acres currently dedicated by WPX.
The binding open season process provides potential shippers with the opportunity to make volume commitments or acreage dedications to the new crude oil system by executing long-term transportation contracts with Stateline. Shippers that elect to make long-term commitments to the project during the open season will receive firm transportation service for their committed volumes.
More information can be found at www.statelinepipeline.com. All requests for open season documents should be directed to Howard’s Executive Vice President and Chief Commercial Officer Roy Patton at (210) 298-2222 or rpatton@howardep.com.
Recommended Reading
US Oil, Gas Rig Count Falls to Lowest Since January 2022
2024-05-03 - The oil and gas rig count, an early indicator of future output, fell by eight to 605 in the week to May 3, in the biggest weekly decline since September 2023.
Pemex Reports Lower 2Q Production and Net Income
2024-05-03 - Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.
Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities
2024-05-02 - With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
2024-05-02 - Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.