US-based Matador Resources and its midstream affiliate San Mateo Midstream have announced the completion and start-up of the expansion of the Black River cryogenic natural gas processing plant in New Mexico.
The plant is located in the Delaware Basin of Eddy County, New Mexico.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to the companies, the expansion raises the processing plant’s designed inlet capacity to 460 million cubic feet per day (mcf/d) of natural gas, from 260mcf/d previously.
San Mateo also noted that it is nearing completion on the construction of about 24-miles of natural gas gathering pipelines between the Black River plant and the New Mexico-Texas state line in southeastern Eddy County.
Matador chairman and CEO Joseph Wm Foran said: “Along with the addition of the enhanced processing capacity and firm transportation and fractionation, the Black River Processing Plant and associated residue gas takeaway should provide Matador reliable transportation for the natural gas and NGLs from our Rustler Breaks and Stateline asset areas and the Greater Stebbins Area for years to come.
“The board and I congratulate and thank the members of our midstream and asset teams, and especially the teams in the field, for the significant value they have created through their efforts and strong execution.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn August 2016, Matador Resources brought the Black River cryogenic natural gas processing plant online.
Meanwhile, in a separate development, oilfield services company Schlumberger has agreed to merge OneStim, its onshore hydraulic fracturing business in the US and Canada, with Colorado-based Liberty Oilfield Services.
As part of this deal, Schlumberger is offloading its pressure pumping, pumpdown perforating, as well as Permian frac sand businesses in the two countries in return of a 37% stake in the combined pressure pumping company.
