Cureton Midstream, LLC (‘Cureton’ or the ‘Company’), a Denver-based, growth-oriented midstream company focused on providing commercial solutions, has announced that the Company has signed commercial agreements with six DJ Basin oil and gas producers. These producers have made long-term dedications of leasehold to Cureton’s gas gathering and processing system in Weld County, Colorado.
Over the last 18 months, Cureton has installed approximately 115 miles of low and high pressure gas gathering pipelines in Weld County. The Company also has fully commissioned and is operating a 60 million standard ft3/d cryogenic processing plant and 13 000 horsepower of compression near Keenesburg, Colorado. Due to the expansive growth in the DJ Basin and recent well performance around Cureton’s footprint, Cureton is looking to expand its gas processing capacity by up to 400 million standard ft3/d at multiple sites.
Charles Beecherl, President and Chief Executive Officer of Cureton Midstream, stated, “The DJ Basin is one of the best resource basins in the country with strong single well economics. Cureton is excited to partner with well-established oil and gas producers and expand its footprint in the oil rich rural development setting of the DJ Basin.”
Cureton is a portfolio company of Tailwater Capital LLC and funds managed by the Private Equity Group of Ares Management Corporation.
Read the article online at: https://www.worldpipelines.com/business-news/22052019/cureton-midstream-announces-commercial-agreements-with-six-dj-basin-oil-and-gas-producers/