Enable Midstream Partners, LP Inks Second Long-Term Agreement with XTO
Energy to Gather Bakken Crude Oil Production
OKLAHOMA CITY -- March 17, 2014
Enable Midstream Partners, LP announced today that its crude services
subsidiary has entered into a long-term agreement with XTO Energy Inc., a
subsidiary of Exxon Mobil Corporation (NYSE:XOM), to gather XTO’s crude oil
production through a new system that will be constructed in North Dakota’s
liquids-rich Bakken shale.
The agreement is entered into pursuant to an open season announced by Enable
Midstream on February 3, 2014. Under the terms of this new agreement, which is
secured through acreage dedications, Enable Midstream will provide services to
XTO through a crude oil gathering system to be constructed in Williams and
Mountrail counties of North Dakota. The new system will have a capacity of up
to 30,000 barrels per day of crude gathering and include 85 miles of crude
gathering lines. A second agreement includes the construction of a water
gathering and transport system for produced water. The water system will
include 75 miles of gathering lines.
The systems are expected to commence initial operations during the second
quarter of 2015.
“These new contracts allow us to expand our asset infrastructure and to
increase our crude oil and water service offerings in the Williston Basin,”
said Lynn Bourdon, Enable Midstream’s President and CEO. “Having a successful
customer like XTO sign up as an anchor tenant on a second gathering system in
this region demonstrates their confidence in our abilities as a service
This is the second crude gathering system Enable Midstream has committed to
build in the Bakken area. In April 2013, the company announced its first
long-term agreement with XTO to construct a crude oil gathering system in Dunn
and McKenzie counties of North Dakota. That gathering system began initial
operations in November 2013 and, upon final completion, is expected to have a
capacity of up to 19,500 barrels per day.
Enable Midstream is a joint venture formed in May 2013 that includes
CenterPoint Energy, Inc. (NYSE:CNP) interstate pipelines and field services
businesses and the midstream business of Enogex LLC, a previous subsidiary of
OGE Energy Corp. (NYSE:OGE). It is managed by a general partner whose
governance is shared by CenterPoint Energy and OGE on a 50/50 basis.
Enable Midstream owns, operates and develops strategically located natural gas
and crude oil infrastructure assets. Its assets include approximately 11,000
miles of gathering pipelines, 12 major processing plants with approximately
2.1 billion cubic feet per day of processing capacity, approximately 7,900
miles of interstate pipelines (including Southeast Supply Header, LLC),
approximately 2,300 miles of intrastate pipelines and eight storage facilities
comprising 86.5 billion cubic feet of storage capacity. More information can
be found at EnableMidstream.com.
Enable Midstream Partners, LP
Sandra Longcrier, 405-808-8605
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