NGL Energy Partners LP on Aug. 31 said that the partnership signed a long-term extension and expansion of an acreage dedication with an existing customer.
The extension of this agreement is with a leading, investment grade independent producer customer operating in Lea and Eddy Counties, New Mexico within the Delaware Basin. The new agreement increases its acreage dedication by 22,000 acres, increasing the new total dedicated acres with the customer to approximately 122,000 acres, and extends the term through 2027.
“The renewal and extension of this agreement is a huge accolade to the NGL team, as it again demonstrates our ability to continually execute on produced water transportation and disposal needs of our customers in an unrivaled safe, efficient and reliable manner,” Christian Holcomb, COO of Water Solutions, said.
NGL owns and operates the largest integrated network of large diameter produced water pipelines, recycling facilities and disposal wells in the Delaware Basin. The partnership’s water solutions segment operates in a number of the most prolific crude oil and natural gas producing areas including the Delaware Basin in New Mexico and Texas, the Midland Basin in Texas, the DJ Basin in Colorado and the Eagle Ford Basin in Texas.
Today’s featured Forty Under 40 honoree is Aaron Chang, Continental Resources’ vice president of oil and gas marketing who said an internship as a field engineer in rural Oklahoma changed his medical school plans.
Robertson joins audit committee and is the sixth independent director of eight on the board.
Today’s featured Forty Under 40 honoree is Lindsey Walton, engineering VP at Native Exploration Holdings whose wide-ranging knowledge helped the Native team obtain a $200 million capital commitment in 2017.