Outrigger Energy Expands Permian Footprint with Natural Gas and Crude Oil System in Midland Basin
DENVER, COLORADO – April 7, 2014 – Outrigger Energy LLC (“Outrigger”) announced today that it is significantly expanding its midstream capabilities in the Permian Basin with the addition of a natural gas gathering and processing and crude oil gathering system in the Midland Basin of West Texas. Outrigger will construct, own and operate the system, which will initially be located in Howard, Borden and Martin Counties, Texas and anchored by long-term acreage dedications from independent producer Tall City Exploration.
Outrigger’s Midland Basin system will include over 120 miles of natural gas gathering lines, 75 miles of crude oil gathering lines as well as related wellhead and measurement facilities. The system will also include a 30-mile raw gas gathering header feeding a natural gas processing facility to be located in Martin County and, initially, three field compressor stations. Outrigger will provide customers on the system with access to multiple takeaway pipelines for natural gas, NGLs and crude oil, with the crude oil system also providing access to local markets. Initial deliveries are expected to commence in the 4th quarter of 2014.
Dave Keanini, Outrigger’s CEO, stated, “We are excited to commence development of our Midland Basin system on the heels of our Delaware Basin system announced last month. The Permian Basin is a key strategic area for Outrigger and we’re pleased to be able to provide our customers with the critical infrastructure they need. Our system will provide safe and reliable access to the highest value end-markets for our customers’ products, while also giving them remote access to accurate, real-time data regarding their production. Importantly, the system will eliminate a significant amount of future flaring and will decrease truck congestion from area roads, benefiting the local community as a whole.”
ABOUT OUTRIGGER ENERGY
Outrigger Energy is a private, full service midstream energy company specializing in greenfield project development with a current focus in liquids-rich natural gas and crude oil basins in the Permian Basin of West Texas, the Rockies, and Mid-Continent areas. For more information, please visit www.outriggerenergy.com.
ABOUT TALL CITY EXPLORATION
Tall City Exploration, LLC is an exploration and production company headquartered in Midland, Texas. Tall City was founded in 2012 by Chief Executive Officer Mike Oestmann and President Joe Magoto to pursue the exploration and development of upstream oil and gas assets in the Permian Basin. For more information, please visit www.tallcityexploration.com.
CONTACTS
Dave Keanini
President & CEO
720-638-7307
Alex Woodruff
VP, Business Development
20-361-2550