Short overview, then commentary discussing what to watch for from public companies in the Eagle Ford. [Read more…]
Atlas Pipeline Partners has agreed to buy Eagle Ford Midstream assets through a $1 billion acquisition of Teak Midstream, LLC. Atlas will gain Teak’s operated assets and assets that are jointly owned with TexStar Midstream. [Read more…]
Teak Midstream has started operations at its South Texas gathering system and its Silver Oak (200 mmcfd) cryogenic processing plant. Teak has long-term midstream agreements with Comstock Resources, Statoil, and Talisman. With significant commitments, the company already plans to expand its gathering system by 200 mmcfd by the first quarter of 2014.
At the center of the development is Teak’s Silver Oak Processing Plant, which is located near the community of Pettus, between Beeville and Kenedy in Bee County. The plant is specifically designed to handle high concentrations of liquid-rich gas. From the plant, residue gas will be transported by a 20-inch, 57 mile pipeline to various interstate pipelines and NGLs will be transported by a 12-inch, three mile pipeline to DCP’s Sand Hills Pipeline. The Sand Hills pipeline ultimately delivers NGLs in Mont Belvieu. [Read more…]