Taproot Energy Partners LLC Secures Additional Acreage Dedication to Expand Its Midstream System in the DJ Basin
Taproot Energy Partners LLC announced today that its affiliate, Taproot
Rockies Midstream LLC (“Taproot”), has executed agreements with a major
area operator to expand its multi-product midstream system in central
Weld County, Colorado. The substantial acreage dedication to Taproot is
a strategic bolt-on opportunity to the existing system currently under
construction and supports the initial acreage dedication with Bison Oil
& Gas II, LLC (“Bison”).
The Taproot produced water gathering system is currently in service,
providing pipeline access to a disposal facility. Taproot is on schedule
to have the remaining multi-product system completed and in service in
the fourth quarter of 2018. Crude oil will be gathered and transported
to Tallgrass’ Pony Express Pipeline at the Buckingham Terminal, with
access to several Midwest refiners and the market center in Cushing,
Oklahoma. Development of the fresh water supply and delivery system is
underway and will be available to supply multiple area completions by
late November 2018. Taproot CEO Kevin Sullivan said, “We are excited to
continue the expansion of our midstream infrastructure in Weld County to
support the growing need for innovative and cost-effective midstream
solutions for producers in the northeast DJ Basin.”
Taproot provides a complete line of midstream services to DJ Basin
producers and plans continued expansion of the initial pipeline assets
into other prolific areas of the basin. “We look forward to growing
alongside our dedicated producer clients as their drilling activity
ramps up over the next 6 to 12 months. It’s an exciting time to align
and contract with producers who have already seen exceptional results
from their initial wells in the area,” said Rod Donovan, COO of Taproot.
About Taproot Energy Partners LLC
Based in Denver, Colorado, Taproot is a midstream company led by an
experienced management team with extensive prior success in creating
long-term value for its producer customers. Taproot management brings a
full suite of skills to partner with producers in providing all
necessary midstream services. Capabilities include natural gas
gathering, compression, treating and processing, crude oil gathering and
transportation, produced water disposal, fresh water supply, condensate
treating/blending and natural gas liquids products marketing. Taproot is
backed by Energy Spectrum Partners VII LP, based in Dallas, Texas.
Visit www.TaprootEP.com
for more information.
About Bison Oil & Gas II, LLC
Based in Denver, Colorado, Bison Oil & Gas II, LLC is a privately-held
exploration and production company with operations focused in Weld
County, Colorado. Prior to Bison II, the management team successfully
built and monetized assets in Adams and Arapahoe counties, Colorado,
through Bison II’s predecessor, Bison Oil & Gas, LLC. Bison is backed by
Carnelian Energy Capital Management, L.P., an energy investment firm
based in Houston, Texas.
Visit www.BisonOG.com
for more information.
About Energy Spectrum Capital
Based in Dallas, Texas, Energy Spectrum Capital is a midstream-focused
private equity firm that has raised over $3.5 billion in capital
commitments focused on investing in North America’s energy
infrastructure. Since its inception in 1995, Energy Spectrum has
sponsored over 60 portfolio companies.
Visit www.EnergySpectrum.com for
more information.
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