AUSTIN, Texas–(BUSINESS WIRE)–Jan 27, 2021–
WhiteWater Midstream (WWM) today announced that the Agua Blanca pipeline system expansion has entered commercial service. The 1.8 billion cubic-feet-per-day (Bcf/d) expansion of Agua Blanca will deliver gas from across the Delaware Basin to the Waha hub. Backed by long-term firm contracts, the expansion brings the system’s total capacity to over 3 Bcf/d, which will help alleviate in-basin take away constraints and reduce natural gas flaring.
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The Agua Blanca Pipeline System (Photo: Business Wire)
The Agua Blanca system is connected to almost twenty gas processing sites in the Delaware Basin and is currently transporting gas produced in Culberson, Loving, Reeves, Pecos, Winkler and Ward counties in Texas, and Eddy and Lea counties in New Mexico, to the Waha hub. The recent expansion includes a 42-inch diameter trunk line that more than doubles system capacity while providing significant incremental takeaway options for plants servicing Texas and New Mexico gas producers.
“We are excited to begin commercial operations of this expansion ahead of schedule while continuing to provide reliable and transparent transportation services to producers and processors in Texas and New Mexico,” said WhiteWater Chief Executive Officer Christer Rundlof. “WWM remains committed to developing premier Permian basin residue assets as the markets continue to normalize and growth resumes.”
WhiteWater Midstream’s investment in the Agua Blanca joint venture is led by First Infrastructure Capital. Inquiries regarding the Agua Blanca Expansion should be directed to [email protected].
About WhiteWater Midstream
WhiteWater Midstream is a management owned, Austin based midstream company. WhiteWater Midstream is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.
About First Infrastructure Capital
First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210127005320/en/
CONTACT: Investor Relations Contacts:WhiteWater Midstream
Bryan Willoughby
Director, Business Development
(512) 953-2100
www.whitewatermidstream.com
KEYWORD: UNITED STATES NORTH AMERICA TEXAS NEW MEXICO
INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: WhiteWater Midstream
Copyright Business Wire 2021.
PUB: 01/27/2021 08:00 AM/DISC: 01/27/2021 08:01 AM
http://www.businesswire.com/news/home/20210127005320/en
