DALLAS, Aug. 23, 2018 /PRNewswire/ -- Advantage
Midstream, LLC, a Dallas-based, independent midstream company,
today announced the completion of an agreement with Oklahoma City-based SandRidge Energy, Inc.
(NYSE: SD) to construct and operate a natural gas refrigeration
plant and provide gas processing services for acreage in the
North Park basin, located in
Jackson County, Colorado.
The agreement provides for the installation of a natural gas
refrigeration plant to process natural gas from SandRidge Energy's
North Park assets. The plant will
be installed adjacent to and in conjunction with Advantage's
previously announced gas conversion plant that is to be installed
in Jackson County. The addition of
the refrigeration complex will allow SandRidge to realize increased
value from its natural gas stream for natural gas liquids while
providing other economic and environmental benefits to SandRidge.
As part of the agreement, Advantage will own and operate the system
and market all liquids from the plant.
"Advantage Midstream is pleased to announce another layer of
processing services with SandRidge in the exciting North Park basin. The combination of
traditional NGL processing and our conversion services will allow
for optimal environmental and economic benefit," said John Stephenson, chief executive officer of
Advantage Midstream. "We are pleased to continue growing our
partnership with SandRidge in the North
Park basin."
Advantage Midstream is currently focused on opportunities in the
Permian, Appalachia, Rockies, Bakken, Mid-Continent and other
areas that have stranded or constrained natural gas production. The
company offers a variety of services, including natural gas
conversion, natural gas gathering, processing, treating and
compression, and other oil and gas midstream services.
About Advantage Midstream
Advantage Midstream, based
in Dallas, Texas, is a midstream
and marketing company focused on applying advanced gas-to-liquid
conversion technology to produce premium liquid fuels from natural
gas resources across North
America. Advantage offers producers and processors tailored
solutions for natural gas and natural gas liquids in areas that are
geographically constrained or lacking proper infrastructure. For
more information, visit www.advantagemidstream.com.
About SandRidge Energy
SandRidge Energy, Inc. (NYSE:
SD) is an oil and natural gas exploration and production company
headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing
high-return, growth-oriented projects in Oklahoma and Colorado. The majority of the Company's
production is generated from the Mississippi Lime formation in
Oklahoma and Kansas. Development activity is currently
focused on the Meramec formation in the NW STACK Play in
Oklahoma and multiple oil rich
Niobrara benches in the North Park
Basin in Colorado.
View original content with
multimedia:http://www.prnewswire.com/news-releases/advantage-midstream-and-sandridge-energy-enter-agreement-for-gas-processing-in-jackson-county-colorado-300701250.html
SOURCE Advantage Midstream, LLC