Meritage Launches Open Season for New Movement on Thunder Creek NGL System
Meritage Midstream announced a binding open season to secure volume dedications for the proposed construction and development on its existing Thunder Creek NGL Pipeline system to transport NGLs from two processing plants in Campbell and Converse counties, Wyoming, to an interconnection point with ONEOK's Bakken Pipeline in Converse County.
The binding open season commenced today at 8:00 a.m. Mountain Time and is scheduled to conclude at 5:00 p.m. Mountain Time on July 10, 2019.Meritage said the open season seeks to obtain volume dedications from shippers to the following proposed new movements:
- Originating from Thunder Creek Gas Services' 50 Buttes Process Plant in Campbell County with a destination at an interconnection with ONEOK Bakken Pipeline in Converse County, and
- Originating from Thunder Creek's Steamboat I Natural Gas Plant in Converse County, with a destination at an interconnection with ONEOK Bakken Pipeline in Converse County, Wyoming.
The proposed new origin and destination points will allow potential shippers to move product from Thunder Creek plants in the Powder River Basin to a newly established interconnect with ONEOK Bakken Pipeline at Well Draw in Converse County, providing access to ONEOK’s Niobrara Lateral, which will ultimately access newly created capacity on ONEOK’s Elk Creek expansion.
Subject to shipper demand, required new infrastructure to enable the proposed new movements is expected to be completed in the third quarter of 2019.
A copy of the open season notice, which provides a high-level summary of the key terms set forth in Thunder Creek’s transportation services contract, can be found online at www.meritagemidstream.com. A copy of the transportation services agreement, as well as a copy of Thunder Creek’s open season procedures, which provides a more detailed summary of the key terms in the transportation services agreement, will be available to interested shippers upon the execution of a confidentiality agreement with Thunder Creek, Meritage said.
Denver-based Meritage Midstream is backed by equity commitments from Riverstone Holdings.
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