Atlas Pipeline acquired Teak Midstream earlier in the year and now expects to reach full utilization at its two processing plants (400 mmcfd) by year-end 2014.
The company’s Silver Oak I plant is online with capacity of 200 mmcfd and the Silver Oak II plant (200 mmcfd) will be online in the first quarter of 2014.
Atlas is currently processing 155 mmcfd and expects full utilization of its first plant by year-end and full utilization of both plants by year-end 2014.
The 155 mmcfd being processed represents growth of 20% from the second quarter average of 122 mmcfd.
The company also has plans for a third Silver Oak plant with capacity of 200 mmcfd. The plant is still pending board approval, but it could increase the company’s processing capacity to 600 mmcfd sometime in the second half of 2015.
Read the company’s full operations update at atlaspipeline.com