San Mateo Black River Oil Pipeline Launches Binding Open Season
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San Mateo Black River Oil Pipeline, a wholly-owned subsidiary of San Mateo Midstream, has launched its binding open season to gauge shipper interest in committed crude oil interstate transportation service on the Stebbins Expansion Crude Oil Pipeline Project, a proposed expansion of the existing San Mateo pipeline system in Eddy County, New Mexico.
The expansion project is a proposed expansion of the San Mateo system further north in Eddy County consisting of approximately 19 miles of various diameter crude pipelines from certain points of origin in Eddy County to the existing San Mateo interconnect with Plains Pipeline in Eddy County. Commencement of commercial operations of the expansion project is targeted for the third quarter of 2020.
This open season provides an opportunity for shippers to support the expansion project by making acreage dedications and volume commitments for priority (firm) service, or acreage dedications for non-firm committed service, thereby becoming committed shippers for the term of their transportation services agreements. The final volume of capacity for both committed and uncommitted service on the Expansion Project will be determined by San Mateo in part based on the results of this open season.
The binding open season begins August 7, 2020 at 8:00 a.m. central time, and ends on September 6, 2020 at 5:00 p.m. central time. More information about the expansion project and the open season documents can be found HERE. Contact San Mateo’s vice president of Business Development, Corey Lothamer at .(JavaScript must be enabled to view this email address)
About San Mateo Midstream
San Mateo Midstream is a strategic joint venture formed in February 2017 by a subsidiary of Matador Resources Company and a subsidiary of Five Point Energy. San Mateo provides an all-inclusive approach to midstream services for the three main product streams produced by oil and natural gas activities, including salt water gathering and disposal services, natural gas gathering, compression, treating and processing services, and oil gathering, transportation and blending services. San Mateo owns and operates oil, natural gas and water gathering and transportation systems in Eddy County, New Mexico and Loving County, Texas, the Black River Processing Plant in Eddy County, New Mexico with a designed inlet capacity of 260 million cubic feet of natural gas per day and eight commercial salt water disposal wells in Eddy County, New Mexico and Loving County, Texas. San Mateo serves as one of the primary midstream solutions for multiple customers across the northern Delaware Basin, including its anchor customer, Matador Resources Company.
To stop by San Mateo’s website, CLICK HERE
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