Hoover Energy secures crude oil gathering agreements in Delaware Basin

Source:Hoover Energy Partners LP

Hoover Energy secures crude oil gathering agreements in Delaware Basin Hoover Energy Partners LP and its affiliate Hoover Energy Texas Crude LLC (“Hoover”) announced today that it has executed two new substantial crude oil gathering agreements in the southern Delaware Basin. Both agreements are with an active producer in Reeves County. The resulting long term dedication of an estimated 33,000 gross acres will underwrite initial construction of 20 miles of crude gathering and the connection of multiple crude oil batteries. All expansions will interconnect with Hoover’s existing 12-inch Pecos Crossing crude oil pipeline which delivers into Plains All American Pipeline.

Hoover President and COO, Randy Hoover said, “We are very happy to have consummated this most recent gathering and transportation agreement in the southern Delaware Basin. This agreement, coupled with previous deals, brings our dedicated acreage total for crude oil to 238,000 gross acres. Hoover’s crude oil infrastructure continues growing, with operational and under-construction facilities now totaling 98 miles. Producers continue to see success in far southern Reeves County and into Pecos County, where we will complete the expansion of our 12-inch crude oil mainline by early April 2014. We also continue to maintain our position as the most diverse provider of midstream services in the Delaware Basin while expanding our natural gas and water disposal infrastructure with over 194,000 gross dedicated acres.”

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