Canyon Midstream Partners Announces Agreement to Provide Wellhead Gas Services in Tuscaloosa Marine Shale
HOUSTON, Sept. 6, 2013 /PRNewswire/ -- Arroyo Midstream Partners, LLC ("Arroyo"), a subsidiary of Canyon Midstream Partners, LLC ("Canyon"), today announced it has entered into an Interim Gas Processing and Marketing Agreement with Goodrich Petroleum Company, LLC ("Goodrich") for acreage in Louisiana and Mississippi which is prospective for the Tuscaloosa Marine Shale ("TMS").
Arroyo is currently providing Goodrich with wellhead gas processing services at two recently completed wells in southwestern Mississippi, and expects to add gas processing facilities to process gas volumes from an additional two wells by the end of 2013. This unique wellhead processing approach allows Canyon, through its Arroyo subsidiary, to participate in the delineation phase of E&P projects and share formation risk with its E&P partner. Arroyo is a joint venture between Canyon and Gas Processors, Inc. ("GPI"), an owner and operator of gas processing equipment located in Columbia, Mississippi.
Michael Walsh, President of Canyon, said: "Arroyo Midstream is committed to supporting Goodrich's development in the TMS. The partnership of Canyon and GPI is a unique combination of engineering, operational and local expertise to provide producers with the midstream services required for the development of acreage in the TMS. The continuing transformation of the U.S. energy sector creates exciting opportunities for an entrepreneurial, creative and experienced midstream company and Canyon intends to be at the forefront in partnership with our customers."
Greg Robins, President of GPI, said: "GPI has been operating in Mississippi and Louisiana since the company was formed in 2002. We are excited about the opportunity the TMS represents for our local economies. Our Arroyo joint venture has the financial and commercial resources to support its mission of safety, reliability and integrity in providing natural gas gathering, treating and processing services to Goodrich and other producers operating in the TMS."
ABOUT CANYON MIDSTREAM PARTNERS, LLC
Canyon is a Houston-based company formed to acquire, develop and operate midstream energy companies and assets. Canyon seeks opportunities to create long-term value for its customers, investors and employees through operational improvements, organic and strategic growth and efficient capital investment. Canyon currently operates gathering and processing assets in East Texas and Southwest Mississippi. More information can be found at www.canyonmidstream.com, or contact Canyon at firstname.lastname@example.org.
Canyon was formed by former senior management of Delphi Midstream Partners, LLC and Laser Northeast Gathering Company, LLC. The Canyon team is led by Michael Walsh, President & CEO; Mark Fuqua, SVP Business Development; and Dale Harper, SVP Engineering & Operations.
ABOUT GAS PROCESSORS, INC.
Gas Processors, Inc. is a privately owned company headquartered in Columbia, Mississippi with over 20 years of experience providing safe, efficient and reliable natural gas treating and processing services. Founded in 2002, Gas Processors, Inc. currently has operations in five states with a fleet of forty-five modular, skid mounted processing units. More information can be found at www.gasprocessorsinc.com.
SOURCE Canyon Midstream Partners, LLC