Don’t look for any hazy, lazy, crazy days of summer this year for Denver-based Cureton Midstream. To the joy of producers everywhere in the DJ Basin, Cureton is days away from breaking ground on its second natural gas processing plant in Weld County, Colo.
RMR is studying the strategic moves by Cureton to address the dearth of infrastructure in one of the nation’s Big 8 oil and gas basins. Bottom line, the lack of midstream assets in one of the most economic plays in the U.S. affects drilling decisions big-time when increased production is caught in a stranglehold to get supplies to market. Not enough gathering lines, pipelines to transport, or processing plants. Lots of regulatory hurdles in the Mile-High City.
But in barely 18 months, Cureton built The Front Range Gas Plant and installed 115 miles of gas gathering pipelines in Weld County. In May, the company announced six new long-term agreements with gas producers and an expansion of its gas processing capacity by up to 400 MMCFPD. Now, the company turns its attention to the Hookside Gas Plant and Compressor Station also in Weld County estimated to go online in October. Cureton, rock on with your bad self. What do you think?