Matador Commissions Cryogenic Natural Gas Processing Plant, New Mexico
[Click image to enlarge]
Matador Resources Company has completed the successful start-up last week of the Black River cryogenic natural gas processing plant Matador built in its Rustler Breaks prospect area in the Delaware Basin of Eddy County, New Mexico.
The Black River processing plant has an inlet capacity of approximately 60 million cubic feet of natural gas per day, which is almost twice the size of the previous cryogenic processing plant Matador built in its Wolf prospect area and subsequently sold to an affiliate of EnLink Midstream, LLC. This new plant will support Matador’s ongoing and future development efforts at Rustler Breaks. Matador has also completed the installation and testing of a 12-inch natural gas gathering line running throughout the length of its Rustler Breaks acreage position, and this natural gas gathering line is now operational and being used to gather much of Matador’s natural gas production at Rustler Breaks.
“We are excited to announce we have successfully brought the Black River cryogenic processing plant online both on time and on budget. The plant provides Matador with priority one takeaway and processing for our Rustler Breaks natural gas production and should also provide additional income through the processing of third-party natural gas. As a result of the strong execution of our midstream team, we believe we have generated significant value for our shareholders,” said Joseph Wm. Foran, chairman and chief executive officer of Matador.
“These efforts include ensuring adequate firm takeaway capacity for our natural gas production in the Rustler Breaks prospect area and continuing to operate the salt water disposal assets and the three separate pipeline systems, which we retained in Wolf and which gather oil, natural gas, and water for our growing production in the area,” added Joseph Wm. Foran.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.
To stop by Matador’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2016 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
