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NorthAmOil NEWS IN BRIEF NorthAmOil

SERVICES

Thigpen Solutions and

Blue Roads Solutions join
together in commitment

to offer leading mobile

and off-pipe natural gas

solutions nationwide

BP Energy Partners (BPEP) announced
today it is merging Dallas, Texas-based Blue
Roads Solutions, and Conroe, Texas-based
The purchase is the first phase of Cycle’s MIDSTREAM Thigpen Solutions, creating an innovative,
expansion plan to acquire assets in the United full-service, leading player in the virtual
States. The purchase of the leases includes Align Midstream Partners II pipeline industry.
currently producing cash flowing wells The name of the newly combined firm will
and Cycle Energy Services will implement announces midstream joint be Sapphire Gas Solutions.
its production enhancement services and Sapphire will be based in Conroe, Texas,
technologies which result in approximately venture with Sabine Oil & and will be led by Thigpen founder and
150-200 bpd (barrels of oil per day). Another CEO Sam Thigpen. Justin Cordon, a BPEP
10-12 PUD’s (proven undeveloped) drilling Gas and the completion of operating executive and the current Chief
locations have been identified and would Operating Officer of Blue Roads, has been
result in an additional 250 bpd. Harvest the TOPS pipeline tapped as Chief Integration Officer for
Petroleum Inc. is the operator of the field and Sapphire.
the remaining 40% partner. Align Midstream Partners II, a Dallas-based The merger marks a commitment to
The Lost Hills field is a mega-oilfield in midstream company backed by Tailwater comprehensively meet and anticipate
California, northwest of Bakersfield with Capital, today announced the completion the growing demands of customers.
thousands of producing oil & gas wells from of the TOPS pipeline and the formation of a Combining the two companies leverages
numerous intervals. Cycle purchased 60% of joint venture agreement in the pipeline with each organization’s ability to provide
the field called Northwest Lost Hills (NWLH). Sabine Oil & Gas, a fully owned subsidiary of near-term and long-term supplies of
NWLH was discovered in 1983 and is Osaka Gas USA. The TOPS pipeline is a 30- both compressed natural gas (CNG) and
located in Sections 12 & 13, T25S, R19E, and mile, 16-inch diameter gas gathering pipeline liquefied natural gas (LNG) along with
Sections 7 & 18, T25S, R 20E, in Kern County, in the Carthage area with interconnections offering a host of turn-key solutions that
California. to key downstream takeaway markets. The enable customers and utilities to gain the
The wells in NWLH produce from two transaction marks Osaka Gas USA’s first maximum economic and environmental
formations: The Etchgoin sand and the acquisition in the midstream business in the advantages of natural gas.
Monterey shale (Antelope interval). Pay United States. “A core value proposition in merging
thickness averages about 35 feet in the “We are excited to partner with Sabine these companies is creating one of the largest
Etchgoin, and +500 feet in the Monterey. Oil and grow our relationship in East Texas,” said natural gas solutions providers serving the oil
gravity averages +29-30° API. The field is a Fritz Brinkman, CEO of Align. “The TOPS and gas sector, utilities, industrial companies,
SE plunging anticline bounded and trapped pipeline will bolster our existing East Texas asphalt and aggregate producers, and remote
by cross faults. The NWLH portion is a Horst footprint and enhance our ability to serve the power generation installations across the
Fault block. All Antelope wells are naturally growing Haynesville production, providing U.S.,” said Alex Szewczyk, managing partner
over-pressured and flow naturally upon our customers with greater access to a number at BPEP.
completion and during production, although of attractive markets across the Carthage hub.” “This expands the capabilities of the two
many are “assisted” with pumping units that “Given the long term view of Sabine and firms from regional delivery to a nationwide
were installed. its parent Osaka, the TOPS investment is presence, with our promise of best-in-class
The field is fairly well-defined by drilling another step in vertically integrating Sabine service,” said Sam Thigpen, CEO of Sapphire
and 3D seismic, and only about half of the and advancing our strategy of capturing Gas Solutions. “We will offer a greater set
productive area has been drilled to date. A value from the well head to the burner tip of solutions to our diverse and expanding
total of 25 additional infill Antelope drilling for our East Texas assets,” commented Doug customer base. Additionally, by combining
locations have been identified that are Krenek, CEO of Sabine. “We are pleased to be these two service-oriented companies, we
estimated to recover ~755,000 B and +2.3 expanding our relationship with Align as they can create opportunities for operational
BCFMr. are a very competent East Texas midstream efficiencies.”
CYCLE ENERGY INDUSTRIES, June 29, 2020 company.” BP ENERGY PARTNERS, June 29, 2020
ALIGN MIDSTREAM PARTNERS II, June 29,
2020

P18 www. NEWSBASE .com Week 26 02•July•2020