DENVER—Outrigger Energy II LLC announced Jan. 14 that it has completed construction of its Williston Basin midstream facilities project in Williams County, N.D.
The assets consist of the Bill Sanderson Gas Processing Plant, a 250 MMcf/d cryogenic gas processing plant located west of Williston, N.D., and an 80-mile, 20- and 24-inch diameter, rich gas gathering system originating in eastern Williams County and terminating at the Bill Sanderson Plant.
The high efficiency plant features ethane recovery and rejection capabilities with direct market access to the Northern Border Pipeline system for residue gas and the ONEOK NGL pipeline system for NGL. The assets are anchored by a long-term gas gathering and processing agreement with XTO Energy Inc., a wholly owned subsidiary of ExxonMobil. The gathering system can transport over 450 MMcf/d of raw gas volumes and Outrigger plans to expand the plant’s capacity based on producer needs.
Dave Keanini, Outrigger’s CEO, stated, “We are exceptionally proud of our team who worked diligently within a very ambitious schedule and were able to successfully execute the project, even through the COVID-19 global pandemic. We delivered the project on time—in less than eight months from groundbreaking—for our anchor customer and under budget for our investors. The high-capacity state-of-the-art facilities will assist XTO with the execution of its development plans. While Williston Basin activity levels clearly slowed due to the 2020 crude oil pricing and COVID-19 environments, we are seeing substantial interest from producers to accommodate future drilling plans as crude oil prices near sustainable levels for the basin. Our assets are perfectly situated to provide producers with a competitive midstream option for both new development and volumes that are currently flaring due to infrastructure constraints.”
Outrigger Energy II LLC is a private, full service midstream energy company specializing in greenfield project development with a current focus on liquids-rich natural gas and crude oil infrastructure in the Williston Basin of North Dakota and D-J Basin of Colorado and Wyoming. Outrigger is supported by equity commitments from an investment fund sponsored by NGP Energy Capital Management LLC and an entity affiliated with Brion G. Wise.
Recommended Reading
FTC Oks Chevron-Hess Deal, Bans John Hess from Board
2024-09-30 - Federal regulators signed off on a blockbuster tie-up between Chevron and Hess Corp. but banned CEO John Hess from sitting on the Chevron board.
Venezuela Lost Citgo, But the Battle’s Not Over Yet
2024-10-04 - Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.
Quantum Teams Looking for Acquisitions ‘Off the Beaten Path’
2024-10-14 - Blake Webster, partner at Quantum Capital Group, said the private-equity firm’s portfolio teams are looking to buy from sellers looking for cash buyouts, though not necessarily in the usual places.
Diamondback Subsidiary Viper Closes $900MM Midland Royalty Deal
2024-10-02 - Diamondback Energy’s Viper Energy closed the last of three acquisitions from Tumbleweed Royalty, owned by Double Eagle Energy’s founders, that together totaled about $1.1 billion.
SM Energy, NOG Close $2.6 Billion in Uinta Basin Acquisitions
2024-10-02 - SM Energy and Northern Oil and Gas have closed the acquisitions of XCL Resources and Altamont Energy, adding hundreds of locations and oil cuts of 86% to 87%.