Oryx Midstream Extends Binding Open Season in the Delaware Basin
Oryx has elected to further extend the open season through 5 p.m. CDT on September 14, 2018.
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Oryx Midstream Services II, LLC has extended the joint open season currently being held by its operating subsidiaries, Oryx Delaware Oil Gathering New Mexico, Oryx Delaware Oil Gathering Texas, Oryx Western Delaware Oil Gathering, and Oryx Delaware Oil Transport, for its proposed crude oil gathering and trunk line transportation system that will serve the liquids-rich Delaware Basin in Texas and New Mexico.
The joint binding open season launched July 10, 2018 and was initially scheduled to conclude on August 9, 2018. On August 9, 2018, Oryx said that it was extending its open season to August 31, 2018. Given the strong interest that Oryx has received for the proposed gathering and transportation system, Oryx has elected to further extend the open season through 5 p.m. CDT on September 14, 2018.
The open season provides potential shippers with the opportunity to make volume commitments or acreage dedications to Oryx Delaware Oil Gathering NM, Oryx Delaware Oil Gathering TX, and Oryx Western Delaware Oil Gathering. and/or Oryx Delaware Oil Transport by executing gathering and/or transportation services contracts with Oryx.
Shippers that elect to make commitments during the open season for movements on any of the gathering systems will receive firm gathering service for their committed volumes. Shippers that elect to make commitments to Oryx Delaware Oil Transport during the open season for movements on the trunk line will receive firm transportation for their committed volumes. Shippers that receive firm service for gathering and/or transportation will be required to pay a premium rate compared to the rate offered to similarly-situated walk-up shippers.
A copy of the open season notice, which provides a high-level summary of the key terms set forth in the gathering and transportation services contracts can be found at Oryx’s website HERE
Copies of the open season procedures and the gathering and transportation services contracts will be available to interested shippers upon the execution of a confidentiality agreement, a copy of which shall be provided upon request. Any such requests should be directed to:
Contact: Carlos Mata, Oryx’s senior vice president of business development
Phone: (432) 253-7756
Email: .(JavaScript must be enabled to view this email address)
All binding commitments must be received by 5 p.m. CDT on September 14, 2018.
About Oryx Midstream Services II, LLC
Midland-based Oryx Midstream II is focused on developing midstream infrastructure in the Permian Basin in New Mexico and Texas. Led by an experienced team with more than 160 years of experience in the oil and gas industry, Oryx is dedicated to providing producers with solutions and flexibility through a full suite of midstream services. Oryx is supported by a consortium of capital providers including Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, local Midland investors and others who collectively have contributed significant capital to the venture.
To stop by Oryx Midstream Services’ website, CLICK HERE
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