NGL Energy Partners LP Announces Expansion & Extension of Acreage Dedication for Produced Water Transportation & Disposal in ...
August 31 2020 - 6:40AM
Business Wire
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”)
announced today that the Partnership signed a long-term extension
and expansion of an acreage dedication with an existing customer.
The extension of this agreement is with a leading, investment grade
independent producer customer operating in Lea and Eddy Counties,
New Mexico within the Delaware Basin. The new agreement increases
our acreage dedication by 22,000 acres, increasing the new total
dedicated acres with this customer to approximately 122,000 acres,
and extends the term through 2027.
“The renewal and extension of this agreement is a huge accolade
to the NGL team, as it again demonstrates our ability to
continually execute on produced water transportation and disposal
needs of our customers in an unrivaled safe, efficient and reliable
manner.” stated Christian Holcomb, COO of Water Solutions.
NGL owns and operates the largest integrated network of large
diameter produced water pipelines, recycling facilities and
disposal wells in the Delaware Basin. The Partnership’s Water
Solutions segment operates in a number of the most prolific crude
oil and natural gas producing areas including the Delaware Basin in
New Mexico and Texas, the Midland Basin in Texas, the DJ Basin in
Colorado and the Eagle Ford Basin in Texas.
Forward Looking Statements
Certain matters contained in this press release include
“forward-looking statements.” All statements, other than statements
of historical fact, included in this press release may constitute
forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
to be correct. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. Factors
that might cause actual results to differ include, but are not
limited to, the risk factors discussed from time to time in each of
our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this press release, which
reflect management’s opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
About NGL Energy Partners LP
NGL Energy Partners LP, a Delaware limited partnership, is a
diversified midstream energy company that transports, stores,
markets and provides other logistics services for crude oil,
natural gas liquids and other products and transports, treats and
disposes of produced water generated as part of the oil and natural
gas production process. For further information, visit the
Partnership’s website at www.nglenergypartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200831005125/en/
Commercial:
Christian Holcomb, 303-815-1010 Senior Vice President &
Chief Operating Officer – NGL Water Solutions
Christian.Holcomb@nglep.com
Investor Relations:
Trey Karlovich, 918-481-1119 Executive Vice President &
Chief Financial Officer Trey.Karlovich@nglep.com
or
Linda Bridges, 918-481-1119 Senior Vice President - Finance and
Treasurer Linda.Bridges@nglep.com
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