Altus Midstream Acquires Equity Stake In Enterprise's Shin Oak NGL Pipeline

摘要

Houston-Altus Midstream has completed the acquisition of a 33% equity interest in Enterprise Products Partners’658-mile Shin Oak natural gas liquids(NGL)pipeline.The 250,000-b/d pipeline provides takeaway capacity for growing NGL production from multiple basins,including the Permian,to Enterprise's NGL fractionation and storage complex in Mont Belvieu,Texas.The NGLs are sourced primarily from Enterprise's Orla natural gas processing complex in Reeves County,Texas,as well as Apache Corp.'s Alpine High play,via a long-term NGL sales agreement committing 100% of NGLs from that acreage.