Page 11 - NorthAmOil Week 48 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

UPSTREAM it has completed the sale of its midstream operation in June and is maintaining near
system in Weld County, Colorado to 100% runtime. The high efficiency plant
NOG announces closing of Summit Midstream Partners. Outrigger’s features ethane recovery and rejection
capabilities with direct market access to the
DJ Basin system includes a 60 mmcfd
core Northern Delaware cryogenic natural gas processing plant with Northern Border Pipeline system for residue
gas and the ONEOK NGL pipeline system for
product deliveries to the Cheyenne Plains
Basin bolt-on acquisition gas pipeline and DCP’s natural gas liquids natural gas liquids.
(NGL) system, approximately 70 miles of
OUTRIGGER ENERGY II, December 01, 2022
Northern Oil and Gas (NOG) today low-pressure natural gas gathering pipelines,
announced the closing of a previously approximately 90 miles of high-pressure Enterprise’s SPOT project
announced acquisition of non-operated natural gas gathering pipelines, 12,800
interests in the Northern Delaware Basin. horsepower of field and plant compression receives record of decision
On December 1, 2022, NOG closed and approximately 30 miles of crude oil
its previously announced acquisition of gathering pipelines with delivery to the Pony Enterprise Products Partners today
properties from Alpha Energy Partners. The Express Pipeline. Outrigger’s DJ system is announced that its Sea Port Oil Terminal
closing settlement was $155.1mn in cash, anchored by long-term, fee-based contracts (SPOT) project recently received its Record
which includes a $17.5mn deposit paid at and approximately 310,000 dedicated acres of Decision (ROD) from the US Department
signing in September 2022. The closing from leading basin operators. of Transportation’s Maritime Administration
cash settlement is net of preliminary and Dave Keanini, Outrigger’s president in accordance with the provisions of the
customary purchase price adjustments and and CEO, stated: “The robust midstream Deepwater Port Act of 1974. The receipt of
remains subject to post-closing settlements system we developed in the DJ Basin proved the ROD is a significant milestone in the
between NOG and the seller. More attractive to potential purchasers and this process to obtain a license for SPOT under the
information regarding this acquisition, transaction with Summit delivers a positive Deepwater Port Act.
including potential additional future outcome for our customers, employees, and The proposed SPOT project is comprised
consideration to be paid by NOG, can be investors. Further, the system’s extensive of a fixed-platform, deepwater port marine
found in NOG’s September 30, 2022 press high-pressure gas gathering footprint provides terminal in the Gulf of Mexico that will be
release announcing the transaction. an excellent platform for interconnectivity connected to an onshore crude oil storage
NORTHERN OIL AND GAS, December 01, 2022 with multiple midstream systems in the facility with approximately 4.8 million barrels
DJ Basin, including Summit’s system. We of capacity in Brazoria County, Texas. The
have confidence that Summit’s experienced platform will be located approximately
MIDSTREAM team will provide excellent service to the 30 nautical miles off the coast of Texas
producer community and continued efficient in approximately 115-feet of water. The
Outrigger Energy II consolidation and operation of midstream platform will be connected to the onshore
assets in the basin.”
storage facility by two 36-inch, bi-directional
completes sale of its DJ Outrigger will be exclusively focused on the pipelines. SPOT is designed to load very large
With the sale of its DJ Basin system,
crude carriers (VLCCs) and other crude oil
Basin midstream system continued development of its world class tankers at rates up to 85,000 barrels per hour.
Williston Basin system located in Williams
SPOT is one of the world’s most
and provides business and Mountrail Counties, North Dakota. The environmentally focused energy
system is ideally located to service growing
infrastructure projects that includes state-of-
update for its Williston volumes and has exposure to several thousand the-art pipeline control, vapor recovery and
drilling locations across its footprint.
leak detection systems. SPOT is designed
Basin midstream system Outrigger’s 250 mmcfd Bill Sanderson to reduce carbon dioxide and volatile
organic compound (VOC) emissions by
cryogenic gas processing plant located west
Outrigger Energy II announced today that of Williston, ND commenced permanent approximately 65% and 94%, respectively,
compared to current industry practices. It
also significantly reduces spill and collision
risk and enhances overall maritime safety by
eliminating the current routine of ship-to-ship
oil transfers at sea.
Enterprise will begin work immediately to
satisfy the remaining conditions to obtain the
deepwater port licence in 2023. Remaining
conditions include routine construction,
operating and decommissioning guarantees,
submission of public outreach, wetland
restoration and VOC monitoring plans,
and other state approvals. The Maritime
Administration has indicated it will work with
SPOT to address and satisfy the conditions of
approval for the issuance of the license.
The Maritime Administration and US

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