[Context: On March 1, Energy Capital-backed Sendero Midstream announced that a new 130 MMCFPD cryogenic facility went into production in 4Q17 along with gathering pipeline in Eddy County, New Mexico. Further details and related links are below.]
Sendero Midstream Partners Completes Construction of Midstream Assets in Eddy County, New Mexico
HOUSTON, March 1, 2018 /PRNewswire/ — Sendero Midstream Partners, LP (“Sendero”) announced today that during the fourth quarter of 2017 it placed into service a new state-of-the-art cryogenic natural gas processing plant capable of processing over 130 million cubic feet of gas per day along with the initial phases of its natural gas gathering pipeline system, gas compression and dehydration facilities in Eddy County, New Mexico.
Sendero’s natural gas gathering system currently comprises approximately 50 miles of large diameter low- and high-pressure gas pipelines and approximately 14,000 horse power of installed field compression in addition to the operational cryogenic plant. Additionally, Sendero has commissioned its 29 mile, 12″ diameter natural gas liquids (NGL) pipeline. The NGL line provides Sendero with access to two downstream NGL pipelines near Orla, Texas, Targa’s Grand Prix system and Energy Transfer’s Lone Star NGL system, and is currently flowing NGLs produced in its Carlsbad plant to these end markets.
Sendero continues to expand its gathering footprint in New Mexico while servicing its current customers’ drilling plans as production increases in this prolific portion of the Basin. Given the expected growth in the region, Sendero also plans to expand its gas processing facility with an additional 220 MMcf/d processing train as production in the area continues on its rapid upward trajectory.
“The northern Delaware Basin is one of the most active drilling areas in North America and we are excited to complete construction of our initial system. We look forward to growing our presence in the Basin in a meaningful way through delivering superior midstream service to both our existing and future customer base,” said Clay Bretches, President and Chief Executive Officer of Sendero.
Sendero is a privately held company owned by Energy Capital Partners. Sendero management is focused on providing best-in-class midstream services though the creation of long-term partnerships with producers and customers. Sendero management has the experience and expertise to optimally customize assets and facilities, as well as contracts and deal structures, in order to meet a producer’s short-term and long-term production development and growth requirements.
About Energy Capital Partners
Energy Capital Partners is a private equity and credit investment firm with over $13 billion in capital commitments. The firm focuses on investing in the traditional and renewable power generation, midstream oil and gas, electric transmission, environmental infrastructure and related energy services sectors of North America’s energy infrastructure.