NGL Energy Partners LP Announces New Agreement for Produced Water Transportation and Disposal in the Delaware Basin
September 30 2020 - 6:30AM
Business Wire
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”)
announced today that the Partnership signed a new water supply
agreement and a separate produced water transportation and disposal
agreement with a leading, super major producer customer operating
within the Delaware Basin. The new produced water minimum volume
commitment covers acreage located in Lea County, New Mexico. The
minimum volume provisions in the agreement are effective on January
1, 2021.
“We are very pleased to announce the completion of this new
agreement which demonstrates our flexibility and ability to execute
for our customers to solve their critical water supply and produced
water transport and disposal needs in a safe, efficient and
reliable manner,” stated Doug White, EVP of Water Solutions.
NGL owns and operates the largest integrated network of large
diameter produced water pipelines, recycling facilities and
disposal wells in the 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 Eagle Ford 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200930005280/en/
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
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Mar 2024 to Apr 2024
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Apr 2023 to Apr 2024