NGL Energy Partners LP Announces New Acreage Dedication for Produced Water Transportation & Disposal in the Northern Delaware...
August 06 2020 - 4:39PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”)
announced today that the Partnership signed a new long-term
produced water transportation and disposal agreement with a leading
independent producer operating in Eddy and Lea Counties within the
Delaware Basin. This agreement includes a 10 year acreage
dedication totaling approximately 10,000 acres and an additional
area of mutual interest (AMI) for future growth. The producer
currently has a 53,000 acre position within the AMI which includes
all of Eddy and Lea counties in New Mexico. As it has with other
recent dedications, the Partnership plans to use its existing
infrastructure and significant disposal capacity to service this
new contract. “We are pleased to announce this agreement that
allows us to continue to grow with this customer as it develops its
resource and increase our dedicated acreage portfolio in the
Northern Delaware Basin,” said Doug White, EVP Water Solutions.
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 a number of the most prolific
crude oil and natural gas producing areas including the Delaware
Basin in New Mexico and Texas, the Midland Basin in Texas, the DJ
Basin in Colorado and the Eagleford Basin in Texas.
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, a Delaware limited partnership, is a
diversified midstream energy company that transports, stores,
markets and provides other logistics services for crude oil,
natural gas liquids and other products and transports, treats and
disposes of produced water generated as part of the oil and natural
gas production process. 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/20200806006062/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 Executive Vice President &
Chief Financial Officer Trey.Karlovich@nglep.com
or
Linda Bridges, 918-481-1119 Senior Vice President - Finance and
Treasurer Linda.Bridges@nglep.com
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