LM Energy Holdings LLC has launched a binding open season through its subsidiary LM Touchdown Crude III LLC on April 12 to obtain commitments to support the continued growth of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin.
The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico.
The Touchdown Crude Oil Gathering System currently consists of approximately 50 miles of gathering and transportation pipelines and 30,000 barrels of storage capacity, with continued expansions currently underway and planned during 2021.
“Despite a challenging market backdrop over the last year, we feel very fortunate to work with customers who have active development plans and capital sponsors who remain supportive,” Elliot Gerson, CEO at LM Energy, said. “We believe that the current environment creates opportunities for LM, which we are excited to pursue.”
LM Energy’s gas gathering system was brought into service in June 2020. The Touchdown Gas Gathering System provides low pressure gathering, dehydration, compression, and high-pressure gathering services for liquids-rich natural gas produced by customers in the area.
All requests should be directed to Ryan Godfrey at (469) 501-2579 or firstname.lastname@example.org. All binding commitments must be received by 5 p.m. Central time on May 12, 2021.
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