NET Midstream Announces Additional Firm Shippers on Eagle Ford Midstream
HOUSTON, May 2, 2013 /PRNewswire/ -- NET Midstream ("NET" or the "Company") today announced that Eagle Ford Midstream, LP, ("EFM"), a wholly owned subsidiary of NET, has secured firm transportation agreements with volume commitments from producers including Talisman Energy, USA and Statoil Natural Gas, LLC.
"We are pleased to announce these agreements with Talisman and Statoil in the Eagle Ford Shale" said Jerry Dearing, Co-President of NET. "EFM provides reliable transportation services and market liquidity to gas producers and processors at the Agua Dulce Hub. We look forward to expanding our gathering system in McMullen County."
Eagle Ford Midstream is a 150-mile, predominantly 30" intrastate natural gas pipeline that provides gas transmission for the Brasada Processing Plant in LaSalle County (operated by Western Gas Partners), and transports pipeline-quality gas from producers in the Eagle Ford Shale to the Agua Dulce Hub. EFM previously announced a 10-year firm transportation agreement with Anadarko Energy Services and a 100,000 acre production dedication from Murphy Exploration and Production that support the pipeline.
In addition to EFM, NET Midstream operates two pipelines in the Eagle Ford Shale and is developing a third. LaSalle Pipeline is a 52-mile, 16" pipeline which provides the full gas supply requirements for a 200 MW power generation facility located in Pearsall, Texas. South Shore Pipeline is a 30-mile pipeline that serves the City of Corpus Christi under a long-term gas supply and transportation contract. NET Mexico Pipeline will be a 124-mile, 42" pipeline from the Agua Dulce Hub to the Texas / Mexico border, and will serve a subsidiary of Pemex under a 2.1 Bcf/d firm transportation contract. NET Mexico will be placed into service in December, 2014.
About NET Midstream
NET Midstream is a wholly owned subsidiary of NET Holdings Management, LLC, a privately held natural gas midstream and marketing company. The Company owns six intrastate gas pipelines in Texas and markets natural gas across the United States. The Company is owned 50% by its Founders and 50% by an affiliate of ArcLight Capital Partners, LLC. More information can be found at the company's website, www.netmidstream.com.
SOURCE NET Midstream