Costar Midstream LLC, Dallas, has acquired over 500 miles of natural gas gathering pipelines, three cryogenic gas processing plants, and associated compression and treating assets in East Texas in a four-county area near Longview.
The assets represent 75 MMcfd of gas processing capacity, 8,000 b/d of NGL fractionation capacity, 20,000 hp of compression, and 30 MMcfd of gas treating capacity. The systems provide midstream services to producers of conventional and unconventional gas sources, and allow treating of off spec NGL and condensate production.
Costar is a portfolio company of Energy Spectrum Capital and was formed in April 2011 to acquire and develop midstream energy structure infrastructure.