Taproot Energy Partners, LLC has announced that its affiliate, Taproot Rockies Midstream, LLC (Taproot), has secured a long-term acreage dedication from Mallard Exploration (Mallard), 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 over 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.
Read the article online at: https://www.worldpipelines.com/business-news/01062020/taproot-energy-partners-adds-additional-acreage-dedication-to-midstream-infrastructure/