EVX Midstream Expands in the Eagle Ford
EVX Midstream Partners announced last week it has entered into a agreement to build another crude oil gathering system in the Eagle Ford.
Related: Carrizzo Acquires Eagle Ford Acreage
The new gathering system, EVX South Texas Crude, will expand the company’s position in the region and will include a substantial acreage dedication and existing crude oil production in Frio, La Salle and McMullen Counties, Texas.
“We are pleased to continue our multi-commodity development plans in the Eagle Ford. Our business model is to serve producers by handling all of their midstream needs. EVX’s operational and commercial expertise allows us to develop crude oil, natural gas, and water systems of any scale.”
The Woodlands-based EVX is also evaluating other expansion opportunities in the Eagle Ford area.
The Eagle Ford continues to be an attractive target for midstream deals. In July, Sanchez Production Partners initiated a transaction with Sanchez Energy to acquire 50% interest in Carnero Gathering, LLC. The company expects that the $44 million deal will increase their midstream revenue and adjusted EBITDA to approximately $7 million.
EVX’s Eagle Ford systems provides efficient, safe and scalable midstream field services for crude oil and water. Their infrastructure includes natural gas gathering, treating, processing, water gathering and crude oil gathering, blending and storage.