Black Bear Midstream said Tuesday it’s entered into a seven-year gas gathering and processing agreement with an unnamed Cotton Valley producer in Louisiana’s Desoto and Caddo parishes, Kallanish Energy reports.
Black Bear will build roughly 20 miles of 16-inch, rich gas gathering pipeline west of its DeSoto Parish, 140 million cubic feet per day cryogenic processing plant to support both this contract and other producers on both sides of the Louisiana-Texas border.
“We continue to execute on our strategy to provide both lean and rich gas gathering services in support of our customers drilling both Haynesville (Shale) and Cotton Valley formations in North Louisiana,” said Rich DiMichele, Black Bear’s president and CEO.
Houston-based Black Bear Midstream is a portfolio company of funds managed by global investment manager Oaktree Capital Management.
This post appeared first on Kallanish Energy News.