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3Bear Energy announces gathering and processing agreement

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World Pipelines,

3Bear Energy, LLC (3Bear) announced that it has entered into definitive agreements with an anchor shipper to develop, own and operate a gathering and processing system serving the northern Delaware Basin in Lea and Eddy Counties in New Mexico. The 3Bear system will provide Permian producers with midstream solutions for their oil, gas and water production.

3Bear is constructing more than 100 miles of pipeline wellhead gathering including systems for oil, gas and water transportation, a central water treatment facility, crude terminal and a 60 000 ft3/d cryogenic gas processing plant with treating capabilities. The 3Bear system is designed for expansion and will accommodate the rapid production growth Delaware Basin producers are experiencing. 3Bear expects the system to be operational in the first quarter of 2018.

Bob Clark, CEO, said: “3Bear is pleased to be able to provide midstream services to our customers in support of their drilling plans in one of North America’s fastest growing oil and gas basins. The 3Bear system is ideally positioned in the basin and will provide an excellent platform as we continue to expand our assets to serve producers’ growing volumes of crude, gas, and water across the northern Delaware. 3Bear is well capitalised and able to meet all the needs of producers in this rapidly growing basin.”

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