Twin Eagle Resource Management announced this week it will acquire another 42 miles of pipeline in the Eagle Ford.
Related: Eagle Ford Shale Midstream Sold
Houston-based Twin Eagle says the deal gives them 100 percent interest in StarMex Big Wells, LLC, a crude oil gathering system pipeline that connects to the major long-haul pipelines in the Gardendale area.
“The acquisition of StarMex Big Wells is exciting for the Twin Eagle brand as we continue to diversify our logistics and midstream offerings to our clients,” said Griff Jones, Twin Eagle’s chief executive officer. “We are looking forward to working with producers in the area to develop valuable gathering solutions to move their crude oil.”
The company's press release states that the pipeline system has capacity of 35,000 bopd and is backed by long-term, fee-based contracts with existing customers that are committed to ship approximately 24,000 bopd.
StarMex Big Wells will be renamed Twin Eagle Gardendale Pipeline, LLC.
While many companies have curbed spending during the downturn, others have taken advantage of new opportunities to expand their operations:
- Enterprise Products Partners (EPD) will acquire Eagle Ford Shale (EFS) Midstream for a total price of $2.15 billion. Read more
- Repsol completed its acquisition of Talisman Energy last month and became one of the largest companies in the energy sector worldwide. Read more
- Houston -based EP Energy plans to expand its presence in the Eagle Ford by adding new training, office and warehouse space to its operations in Dilley. Read more
Read the press release at twineagle.com