Lucid Energy Group Commissions Red Hills II Cryogenic Processing Plant in the Delaware Basin
Midstream provider Lucid
Energy Group (“Lucid”) announced today the startup of the Red Hills
II cryogenic natural gas processing plant in Lea County, New
Mexico. With the expansion, the Red Hills Natural Gas Processing Complex
has the capacity to process 310 million cubic feet per day (MMcf/d),
which brings the total processing capacity of Lucid’s South Carlsbad Gas
Gathering and Processing System (“South Carlsbad System”) in Lea and
Eddy counties to 345 MMcf/d, tripling processing capacity since Lucid's
September 1, 2016, acquisition of Agave Energy Company. The South
Carlsbad System serves producers developing the prolific Wolfcamp, Bone
Springs and Avalon formations of the northern Delaware Basin.
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Lucid Energy Group’s Red Hills Natural Gas Processing Complex in Lea County, New Mexico (capacity: 310 MMcf/d). (Photo: Business Wire)
Lucid also announced that it remains on schedule with its previously
announced Roadrunner cryogenic processing plant. Roadrunner I, the first
plant at the Roadrunner Complex in Eddy County, is a 200 MMcf/d plant,
which will bring the total capacity of the South Carlsbad System to 545
MMcf/d in January 2018. The location of the Roadrunner Complex is
strategic to the company’s existing infrastructure and customer base in
the northern Delaware Basin.
“We are excited to announce we have successfully brought the Red Hills
II cryogenic processing plant online ahead of schedule,” said Lucid
Executive Vice President and Chief Operating Officer Jay Langham. “As a
result of the rapid execution of the Lucid team, we have provided
immediate capacity and reliability for our Delaware Basin customers in
Eddy and Lea counties. Consistent with our commitment to continuing to
provide superior service to our customers, our team now shifts focus to
processing expansions in Eddy County.”
About Lucid Energy Group
Lucid Energy Group provides a full suite of midstream services to
producers working in the Midland and Delaware basins (maps
here). Lucid is the largest privately held natural gas processor in
the Permian Basin with more than 930 million cubic feet of natural gas
processing capacity in operation or under construction and pipeline
assets exceeding 3,600 miles in operation. The Lucid philosophy is
grounded in finding creative solutions for its customers, clear
communications and excellence in project execution. Visit www.lucid-energy.com
for more information.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven
management teams focused on midstream infrastructure opportunities
across North America. The firm was formed in 2008 by a partnership
between EnCap
Investments L.P. and Flatrock Energy Advisors. The firm manages
investment commitments of nearly $6 billion from a broad group of
institutional investors. EnCap Flatrock is currently making commitments
to new management teams from EFM Fund III, a $3 billion fund. The firm
is headquartered in San Antonio and has offices in Oklahoma City and
Houston. Visit www.efmidstream.com
for more information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170523005561/en/
Copyright Business Wire 2017
Source: Business Wire
(May 23, 2017 - 9:15 AM EDT)
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