NGL Energy Partners LP Announces New Acreage Dedications for Produced Water Transportation & Disposal in the Northern Delawar...
February 18 2020 - 6:30AM
Business Wire
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”)
announced today that the Partnership recently signed separate,
long-term produced water transportation and disposal agreements
with two large, investment grade producer customers in the Delaware
Basin. These agreements include acreage dedications totaling
approximately 20,000 acres, from which initial produced water
volumes are expected to be received beginning July 2020. The
Partnership plans to use its existing infrastructure and
significant disposal capacity to service these contracts.
NGL owns and operates the largest integrated network of large
diameter produced water pipelines, recycling facilities and
disposal wells in the Northern Delaware Basin. The Partnership’s
Water Solutions segment operates in the Delaware, Midland, Eagle
Ford and DJ Basins and handles approximately 1.7 million barrels of
produced water per day across its areas of operation.
Forward-Looking Statements
Certain matters contained in this press release include
“forward-looking statements.” All statements, other than statements
of historical fact, included in this press release may constitute
forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
to be correct. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. Factors
that might cause actual results to differ include, but are not
limited to, the risk factors discussed from time to time in each of
our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this press release, which
reflect management’s opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with
three primary business units: Crude Oil Logistics, Water Solutions,
and Liquids and Products. For further information, visit the
Partnership’s website at www.nglenergypartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200218005259/en/
NGL Energy Partners LP
Commercial:
Christian Holcomb, 303-815-1010 Senior Vice President &
Chief Operating Officer – NGL Water Solutions
Christian.Holcomb@nglep.com
Investor Relations:
Trey Karlovich, 918-481-1119 Chief Financial Officer and
Executive Vice President Trey.Karlovich@nglep.com
or
Linda Bridges, 918-481-1119 Senior Vice President - Finance and
Treasurer Linda.Bridges@nglep.com
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