NGL Energy Partners LP Announces Commissioning of Poker Lake Express Pipeline & Receipt of Initial Produced Water Volumes fro...
01 October 2020 - 8:30PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”)
announced today that the Partnership has begun receiving produced
water from XTO Energy’s (a subsidiary of ExxonMobil Corporation)
Poker Lake Development in the Delaware Basin. These volumes
represent full commissioning of NGL’s 30-inch pipeline, Poker Lake
Express, which has been constructed to transport volumes associated
with its 18-year Poker Lake acreage dedication. This dedication
includes first-call rights for produced water covering
approximately 70,000 contiguous acres in Eddy County, NM. The
Partnership is utilizing the new Poker Lake Express Pipeline, which
has an initial capacity of over 350,000 barrels per day and
connects into its integrated Delaware Basin produced water pipeline
infrastructure network, to service this dedication and transport
these volumes. The Partnership expects to expand its takeaway
capacity with an additional pipeline as the Poker Lake Development
progresses, ultimately increasing total takeaway capacity to over
700,000 barrels per day from this development.
“We are pleased to announce first flows from Poker Lake, which
represents a major milestone for our Water Solutions business. The
construction and commissioning of this project was made possible
from the hard work of the NGL team in combination with the efforts
and strong collaboration from the XTO Energy team. We are extremely
proud to be a part of the Poker Lake Development and the trust the
XTO team has placed in us to provide safe, efficient, reliable
water solutions for one of its premier assets,” stated Christian
Holcomb, Senior Vice President and Chief Operating Officer - NGL
Water Solutions.
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.
Forward Looking Statements
Certain matters contained in this press release include
“forward-looking statements.” All statements, other than statements
of historical fact, included in this press release may constitute
forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
to be correct. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. Factors
that might cause actual results to differ include, but are not
limited to, the risk factors discussed from time to time in each of
our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this press release, which
reflect management’s opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
About NGL Energy Partners LP
NGL Energy Partners LP, a Delaware limited partnership, is a
diversified midstream energy company that transports, stores,
markets and provides other logistics services for crude oil,
natural gas liquids and other products and transports, treats and
disposes of produced water generated as part of the oil and natural
gas production process. For further information, visit the
Partnership’s website at www.nglenergypartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201001005371/en/
NGL Energy Partners LP
Commercial:
Christian Holcomb, 303-815-1010 Senior Vice President &
Chief Operating Officer – NGL Water Solutions
Christian.Holcomb@nglep.com
Investor Relations:
Trey Karlovich, 918-481-1119 Executive Vice President &
Chief Financial Officer Trey.Karlovich@nglep.com
or
Linda Bridges, 918-481-1119 Senior Vice President - Finance and
Treasurer Linda.Bridges@nglep.com
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