Stakeholder Midstream begins binding open season for San Andres Crude Oil Gathering System

Stakeholder Midstream Crude Oil Pipeline LLC, a wholly owned subsidiary of Stakeholder Midstream LLC has commenced a binding open season with respect to a planned greenfield crude oil gathering and trunkline pipeline system referred to as the San Andres Crude Gathering System. The open season began today, December 1, 2016, and will conclude at 5 p.m. CST on January 4, 2017.

The project will primarily serve wells producing from the San Andres formation in Yoakum County, Texas, and Lea County, New Mexico, and will provide transportation service to multiple takeaway pipelines near Denver City, Texas, providing producers and marketers with access to all major crude markets in West Texas.

The open season process will provide potential shippers with the opportunity to make volume commitments and execute long-term transportation contracts. Shippers electing to make long-term volume commitments will receive firm service on the project up to the level of their volume commitments.

“We are excited to be able to add new gathering infrastructure to the Northwest Shelf of the Permian Basin,” said Stakeholder Vice President of Business Development Daniel Craig. “We plan to kick off pipeline construction in January and expect to have our crude gathering system operational in May 2017.”

 

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