Pin Oak Midstream acquires assets from Laurel Mountain Midstream

Jackson Center includes over 1050 miles of natural gas gathering pipelines and five (5) gathering compressor stations with a gathering capacity of over 50 million ft³/d and multiple interstate pipeline interconnects (both National Fuel Gas and Tennessee Gas Pipeline) with total interconnect capacities of almost 100 million ft³/d. The transaction adds to Pin Oak Midstream’s growing asset base within the Appalachian Basin.

Brent Breon, President of Pin Oak Midstream LLC and Chief Commercial Officer of Pin Oak Energy Partners LLC, stated, “These assets in Mercer, Lawrence, and Crawford counties of Pennsylvania are a great fit to our expanding footprint and further bolster the Company’s midstream assets in the oil and wet gas windows of the Utica play in northwestern Pennsylvania. The Jackson Centre assets currently gather conventional and unconventional gas from third party operators in the area and will allow Pin Oak Energy to connect and produce Utica wells currently waiting on pipelines. Additionally, Pin Oak remains committed to our ongoing efforts of executing our growth strategy through acquisitions even during these difficult times.”

Pin Oak Midstream’s Appalachian Basin position consists of nearly 1200 miles of pipeline assets; 13 interstate pipeline interconnections; gathering, processing and transportation dedications on more than 150 000 dedicated net deep acres (Marcellus and Utica) and current flowing volumes more than 15 million ft³/d.

Read the article online at: https://www.worldpipelines.com/business-news/10092020/pin-oak-midstream-acquires-assets-from-laurel-mountain-midstream/