Current WPX Stock Info

On September 12, 2017, Howard Midstream Partners, LP filed an SEC S-1 Registration Statement to issue securities with a proposed maximum aggregate offering price of $200,000,000.

The company has current operations located in South Texas, Northeastern Pennsylvania, Texas Gulf Coast, the Delaware Basin, and Mexico.

Howard Midstream Partners, LP owns and controls natural gas gathering systems in South Texas and Northern Pennsylvania, a natural gas processing plant in Webb County, TX, a deep water marine terminal in Brownsville, TX, and a NGL stabilization facility in Live Oak County, TX.

Source: Howard Energy Partners

In June of this year, WPX Energy (ticker: WPX) and Howard Energy Partners announced a Delaware Midstream JV.  This venture will support WPX’s operations in the Stateline area, on the border of New Mexico and Texas. In total, the agreement will cover about 50,000 acres, or 37% of WPX’s total Delaware acreage. The JV will build a crude gathering system supporting WPX’s development in the area, with an estimated capacity of 125 MBOPD. Additionally, the JV will construct a cryogenic natural gas processing complex with a planned initial capacity of 400 MMcf/d.

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