Canyon to Provide Wellhead Gas Services in Tuscaloosa Marine Shale [Gulf Oil & Gas (Egypt)]
(Gulf Oil & Gas (Egypt) Via Acquire Media NewsEdge) Arroyo Midstream Partners, LLC ("Arroyo"), a subsidiary of Canyon Midstream Partners, LLC ("Canyon"), announced it has entered into an Interim Gas Processing and Marketing Agreement with Goodrich Petroleum Company, LLC ("Goodrich") for acreage in Louisiana and Mississippi which is prospective for the Tuscaloosa Marine Shale ("TMS").
Arroyo is currently providing Goodrich with wellhead gas processing services at two recently completed wells in southwestern Mississippi, and expects to add gas processing facilities to process gas volumes from an additional two wells by the end of 2013. This unique wellhead processing approach allows Canyon, through its Arroyo subsidiary, to participate in the delineation phase of E&P projects and share formation risk with its E&P partner. Arroyo is a joint venture between Canyon and Gas Processors, Inc. ("GPI"), an owner and operator of gas processing equipment located in Columbia, Mississippi.
Michael Walsh, President of Canyon, said: "Arroyo Midstream is committed to supporting Goodrich's development in the TMS. The partnership of Canyon and GPI is a unique combination of engineering, operational and local expertise to provide producers with the midstream services required for the development of acreage in the TMS. The continuing transformation of the U.S. energy sector creates exciting opportunities for an entrepreneurial, creative and experienced midstream company and Canyon intends to be at the forefront in partnership with our customers."
Greg Robins, President of GPI, said: "GPI has been operating in Mississippi and Louisiana since the company was formed in 2002. We are excited about the opportunity the TMS represents for our local economies. Our Arroyo joint venture has the financial and commercial resources to support its mission of safety, reliability and integrity in providing natural gas gathering, treating and processing services to Goodrich and other producers operating in the TMS."
For more information about related Opportunities and Key Players visit Shale Gas Projects
(c) 2013 Universal Solutions S.A.E. All rights reserved. Provided by Syndigate.info an Albawaba.com company
[ Back To Technology News's Homepage ]