Pinnacle has announced Final Investment Decision (FID) for the Train II processing and nitrogen rejection facility, which will add 220 million ft3/d of processing capacity to the company’s operations.
Pinnacle will also expand its strategically located gathering and compression facilities throughout Midland, Martin, and Glasscock counties, US, to accommodate expected and future volumes. The company’s infrastructure is anchored by long-term acreage dedications with highly active private and public Permian operators.Pinnacle designed and operates the Dos Picos infrastructure with a focus on air quality preservation and safety, and to enable efficient expansions that support high intensity pad development and increasing gas/oil ratio throughout the Midland Basin, US.
Pinnacle Founder and Chief Executive Officer, J. Greg Sargent, said: “This is an exciting next step for Pinnacle's growing base of Midland Basin producers. Expanding the Dos Picos capacity by 220 million ft3/d ensures we can provide the best service to our current and future customers, maximise their recoveries, and help limit flaring across the basin.”
The Train II facility will be collocated in Midland County, and will complement Pinnacle’s existing processing facilities and high-pressure, large diameter gathering and compression infrastructure that commenced operations in 2021. Pinnacle also provides multiple bi-directional and high-pressure third-party interconnects with peer companies within the region. The expanded processing capacity will continue to provide top operational efficiencies and continued access to the most competitive downstream markets.