Noble Midstream Partners LP (ticker: NBLX) announced on Tuesday that it has entered into a letter of intent with Salt Creek Midstream LLC to provide infield gathering infrastructure in the Delaware Basin.
The goal is to establish a strategically located asset in the Delaware Basin, and to expand intermediate crude and oil infield gathering, extending into the Advantage Pipeline System.
Noble Midstream Advantage Pipeline & Related Infrastructure Source: NBLX
The two organizations will form a 50/50 partnership on the construction of a 200,000 BOPD crude oil pipeline and gathering system in the Delaware Basin, with acreage contributions from both companies.
Existing dedications for the agreement currently total approximately 18...
