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.
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.