Outrigger Out to Conquer The West

Outrigger Out to Conquer The West

Wasn’t quite four years ago Outrigger Energy said adios to its West Texas operations with the $1.5 billion sale of its Permian midstream assets to Targa Resources. But the company hardly looked to sever ties with The West. Denver-based Outrigger had already built a sizeable crude oil gathering system in the Powder River Basin. So, flush with cash and private equity capital, Outrigger said hello darlin’ to the DJ, where it constructed a midstream system in Weld Co., Colo., that includes natural gas, crude oil, and produced water gathering pipelines. The company also purchased a 60 MMCFD cryogenic processing plant that went into service last year. Next up, how’s it goin’ Williston? With a sweet midstream commitment from XTO, Outrigger announced in January plans to build a 70-mile rich gas gathering system and a 200 MMCFD processing facility. Even today, some pipe dreams come true. Outrigger now has received the official regulatory nod from N.D., to continue construction on the plant and two pipelines that will flow residue gas and NGLs from the plant to major pipeline interconnects.

Outrigger Energy

Outrigger Energy II LLC is a private, full service midstream energy company specializing in greenfield project development with current systems operating and under construction in the DJ and Williston Basins.  The company was formed in 2017 after Outrigger Energy LLC sold its assets to Targa Resources and Tallgrass Energy Partners.

www.outriggerenergy.com

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Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

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San Mateo Fired Up

San Mateo Fired Up

On time. On budget. That’s what joint venture San Mateo Midstream has announced with the startup of its newly expanded Black River gas processing plant in Eddy Co., N.M., offering greater capacity to area producers but especially to parent company Dallas-based Matador Resources. The project increases cryogenic capacity to 460 MMCF per day from an initial 260 MMCF. Customers can access firm transportation via San Mateo’s growing gathering pipeline system, which currently is under construction to add 24 miles of pipe between Black River and the N.M./Texas state line and 19 miles of gathering line northward from the plant. Both will support Matador’s ongoing development in the Delaware Basin. San Mateo also is wrapping up construction on 19 miles of oil gathering pipelines from certain points of origin in Eddy Co., to its existing interconnect with Plains Pipeline. The company expects to initiate commercial service on all lines at various times this month.

San Mateo Midstream

San Mateo Midstream, LLC is a joint venture formed by Matador Resources Company and Five Point Capital Partners to operate and grow midstream assets in the Delaware Basin. San Mateo currently provides natural gas gathering and processing services, salt water gathering and disposal services and crude oil gathering services in Eddy County, New Mexico and Loving County, Texas. 

www.sanmateomidstream.com

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Learn more about Reese Energy Consulting and our natural gas, NGLs, and crude oil midstream expertise at www.ReeseEnergyConsulting.com.

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What’s Mine Is Now Yours

What’s Mine Is Now Yours

After a year plagued with disappointments and back-to-square-ones, Houston-based Occidental Petroleum finally has something to smile about. In the company’s efforts to reduce its debt load by more than $2 billion by year end, Oxy has scored a big win with the $1.33 billion sale of 4.5 million mineral acres and 1 million surface acres in Wyo., Colo., and Utah.

Occidental Petroleum

Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile. It is organized in Delaware and headquartered in Houston.

www.oxy.com

The deal also includes mineral rights to the world’s largest trona deposit. When refined into soda ash, trona is a key element to manufacture glass, paper products, laundry detergents, and even baking soda. Not surprisingly, the winning bidder knows a thing or two about mining. N.Y.-based, private equity firm Orion Mine Finance was one of 13 bidders on the package and invests exclusively in base and precious metals operations across the globe. For now, Occidental will keep its oil and gas assets in the Rockies, specifically in the DJ and Powder River basins. The sale is expected to close in 4Q. Oxy inherited the Rockies’ spread as part of its $38 billion purchase of Anadarko Petroleum last year, making the company the largest landowner in the state of Wyo.

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Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

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DCP Midstream to Implement Groundbreaking Emissions Technology Across Its Natural Gas Assets

DCP Midstream to Implement Groundbreaking Emissions Technology Across Its Natural Gas Assets

In what could be among the strongest mandates in the nation to dramatically reduce emissions from oil and gas production and midstream operations, the state of N.M., has announced new proposed standards to capture at least 98% of methane by 2026. This comes following plans already underway in Colo., and Pa., as well as the latest methane rules in Texas and N.D. The planned regulations in N.M., would give operators flexibility to choose the emissions-reduction technology of their choice while encouraging new innovations to rein in greenhouse gases.

DCP Midstream

DCP Midstream Partners, LP is a Fortune 500 company for midstream petroleum services, headquartered in Denver, Colorado. As a publicly traded partnership, the company does not have directors, officers, or employees of its own, but relies on its general partner for managing its operations.

www.dcpmidstream.com

For Denver-based DCP Midstream, finding the right emissions-reduction technology for its widespread operations began nearly two years ago. DCP is among the nation’s leading processors of natural gas. The company produces on average 400,000 BPD of NGLs, and transports and stores both hydrocarbons in the nation’s largest oil and gas basins. The company in 2019 began piloting a sophisticated airborne methane monitoring and advanced data analytics system from Calif-based Kairos Aerospace. With testing now completed, DCP has announced it will deploy the technology across its operations in Texas, N.M., and Colo., in what will be the largest industry-led methane survey to date.

Founded in 2014, Kairos has emerged as a leading provider of large-scale aerial monitoring of methane emissions. Last year, the company flew more than 135,000 miles in the Permian, completing the largest aerial survey of methane emissions ever conducted.

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