Taproot Energy Adds Additional Acreage Dedication to Its Midstream Infrastructure in the DJ Basin
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Taproot Energy Partners’ affiliate, Taproot Rockies Midstream, has secured a long-term acreage dedication from Mallard Exploration, an established crude oil and natural gas producer within the northeast extension of the DJ Basin. Taproot will provide Mallard with best-in-class crude oil and produced water midstream gathering and transportation services in exchange for an acreage dedication of approximately 60,000 acres.
Taproot’s existing Baja System and soon-to-be-completed Rattlesnake expansion include more than 110 miles of crude oil, produced water, and freshwater pipelines. Mallard’s acreage position is located near existing Bison Oil & Gas, Verdad Resources, and Bonanza Creek dedicated acreage and is a natural bolt-on to Taproot’s existing system. The new commercial agreement increases Taproot’s total dedicated acreage to over 200,000 gross acres.
“We are delighted to be announcing our new partnership with Mallard and the strategic expansion of our DJ Basin assets. We remain proud of our ability to create value for our producer clients and continue to invest in the growth of our assets during challenging times,” said Taproot Energy Partners COO Rod Donovan.
About Taproot Energy Partners
Based in Denver, Colorado, Taproot is a midstream energy company led by an experienced management team with extensive prior success in creating long-term value for its producer customers. Taproot management brings a full suite of skills to partner with producers in providing all necessary midstream services. Capabilities include natural gas gathering, compression, treating and processing, crude oil gathering and transportation, produced water disposal, fresh water supply, condensate treating and blending and natural gas liquids products marketing. Taproot is backed by Energy Spectrum Capital, based in Dallas, Texas.
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