For Houston-based Crestwood Equity Partners, announcing start-up operations on its latest midstream expansion in the Bakken was like sharing sweet nectar with oil and gas producers there who’ve battled a serious infrastructure bottleneck.
Crestwood equity partners
Crestwood Equity Partners LP is a publicly traded master limited partnership that owns and operates midstream assets located primarily in the Bakken Shale, Delaware Basin, Powder River Basin, Barnett Shale and Fayetteville Shale.
RMR today is following the latest news from Crestwood, which just completed its Bear Den II processing plant in Watford City, N.D., along with its Station 8 Compression Facility. Both are a part of the company’s integrated Arrow system, which includes gathering and transporting crude oil and water; and gathering, processing and transporting natural gas across 150,000 acres. Arrow’s interconnects provide access to the Dakota Access Pipeline, Hiland, Tesoro and Bakken Link. This latest expansion comes as Crestwood in August announced record production flows through its system in an area where production is expected to top 1.5 MBPD of crude oil by 2021 and associated gas production continues to grow at twice the rate of crude. Two other pipeline expansions in the Bakken are slated for service in 2021, helping to alleviate the need for trucking and rail services.
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