Superior Pipeline secures large STACK play acreage dedication
Published by Aimee Knight,
Editorial Assistant
World Pipelines,
Superior Pipeline Company, LLC (Superior) has announced that it has entered into a long-term, fee-based natural gas gathering and processing agreement with an active producer in the STACK play. The agreement replaces a prior contract with Superior, expanding the producer’s dedication area to approximately 345 000 gross acres. The Cashion system includes two cryogenic processing plants located in Kingfisher County, Oklahoma (US).
Within the acreage dedicated to Superior, the producer expects to continue development of four production zones in the STACK – the Oswego, Mississippian, Woodford, and Hunton formations in central Oklahoma.
Mike Hicks, Superior’s Chief Operating Officer, said: “We are pleased to further our relationship with such an active and successful producer. This is another step in Superior’s plan to expand our existing assets, while also continuing to acquire synergistic midstream assets.”
Superior is a joint venture owned 50% by Unit Corporation and 50% by SP Investor Holdings, LLC, a holding company jointly owned by OPTrust and funds managed and/or advised by Partners Group, a global private markets investment manager.
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/19032020/superior-pipeline-secures-large-stack-play-acreage-dedication/
You might also like
World Pipelines Podcast: Working shoulder to shoulder, with TDW
In this episode, Elizabeth Corner speaks to Matt Romney, Product Line Director for Pipeline Integrity, T.D. Williamson, about TDW's perspective on the benefits of working with pipeline membership organisations.
OPINION: Industrial AI is a game-changer in fast-tracking digital transformation in the energy sector
Schneider Electric’s Hany Fouda, Senior VP of Process Automation, marks the official opening of their Energy Innovation Centre in Houston.
