Valiant Midstream LLC has announced it has entered into a long-term, fee-based natural gas gathering and processing agreement with Antioch Energy LLC.
Antioch's dedication of more than 275 000 gross acres in the Arkoma Stack basin brings Valiant Midstream's total acreage commitments in the region to 2.1 million. Antioch's production will be gathered and processed at Valiant Midstream's Stanberry Processing Complex, a cryogenic processing facility in Coal County, Oklahoma, US.
The first 220 million ft3/d of cryogenic processing capacity will be available at the company's Stanberry plant near Coalgate, Oklahoma, in November 2018. The company plans to add another 220 million ft3 of processing capacity by 4Q19, either through an expansion of the Stanberry facility or at a future Valiant Midstream plant site located near Atwood, Oklahoma.
"With our scheduled enhancements and expansion plans, our system will ultimately span more than 160 miles, including a 60-mile trunk line running north to south through the core of the liquids-rich window of this highly active play," said Valiant Midstream President and CEO Brandon Webster.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/24082018/valiant-midstream-secures-gas-processing-agreement-antioch-energy/