BANGL adds Rattler midstream LP as strategic partner following fourth quarter 2021 in-service date
Published by Sara Simper,
Editorial Assistant
World Pipelines,
WhiteWater Midstream, MPLX LP and West Texas Gas (WTG) are pleased to announce the addition of a fourth partner, Rattler Midstream LP, to the companies’ BANGL, LLC joint venture. Concurrent with Rattler’s investment in the project, Diamondback Energy, Inc., Rattler’s upstream operating parent, entered into a significant, long-term natural gas liquids (NGL) product dedication with BANGL.
BANGL began full commercial service in the fourth quarter of 2021 and provides NGL takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, Texas. WhiteWater’s investment in BANGL is backed by Ridgemont Equity Partners, Denham Capital Management and the Ontario Power Generation Inc. pension plan.
BANGL is a joint venture between White Water, MPLX, WTG, and Rattler. The natural gas liquids pipeline system connects the Delaware and Midland basins of Texas to the fractionation market in Sweeny, Texas, and has expansion capacity of up to 300 000 bpd.
Read the article online at: https://www.worldpipelines.com/business-news/25012022/bangl-adds-rattler-midstream-lp-as-strategic-partner-following-fourth-quarter-2021-in-service-date/
You might also like
Plains All American announces pricing of public offering of US$1 billion of senior notes
The offering is expected to close on 15 January 2025, subject to the satisfaction of customary closing conditions.
