Altus Midstream Co. has announced that the first of its three new cryogenic processing trains at the Diamond Cryo Complex in Alpine High is now processing rich natural gas and delivering NGLs and residue gas to sales.
This initial facility is the first of three units scheduled to begin operations in 2019, with aggregate nameplate capacity of 600 million ft3/d, which can produce an estimated 60 000 to 75 000 bbl/d of NGLs at Alpine High for Altus’ primary customer, Apache.
“We are thrilled to have the first unit of the Diamond Cryo Complex in service and quickly increasing volumes towards nameplate capacity of 200 million ft3/d,” said Altus CEO and President Clay Bretches. “This is just the beginning for Altus. By the end of 2019, we expect to triple our cryogenic processing capacity at Alpine High with the in-service of train #2 in July and train #3 in the fourth quarter of this year. Trains #2 and #3 are proceeding on-budget and on-schedule.
"These cryogenic processing facilities feature state-of-the-art SRX processing technology, which optimises processing economics with better NGL recoveries in both ethane recovery and rejection mode vs more commonly used processing methods in the Permian Basin. Better recoveries will drive enhanced netbacks for Apache and provide a competitive advantage to Altus for third-party business.”
Shortly following this announcement, Altus Midstream Co. also confirmed that its Chief Operating Officer, Craig Collins, has departed the company.
“Craig has accepted a senior midstream position within a large, public E&P company. While his tenure was brief, his departure is not related to any legal, operational or financial concerns or any disagreements with Altus or Apache management. I wish Craig well in his new endeavour, and we are resuming our search for a COO,” said Clay Bretches, Altus CEO and President.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/04062019/first-cryogenic-processing-train-in-service-at-alpine-high/
You might also like
According to Wood Mackenzie, the European Commission’s price cap announcement would not severely impact Russian refiners.