Pin Oak Energy Partners LLC subsidiary Pin Oak Midstream LLC closed a deal with Laurel Mountain Midstream LLC (LMM), a joint venture of Williams Laurel Mountain LLC and Chevron Northeast Upstream LLC, to acquire LMM’s Jackson Center assets. Terms and a deal value were not disclosed.
Jackson Center includes over 1,050 miles of natural gas gathering pipelines and five gathering compressor stations with a gathering capacity of over 50 MMcfd and multiple interstate pipeline interconnects (both National Fuel Gas and Tennessee Gas Pipeline) with total interconnect capacities of almost 100 MMcfd.
The assets, in Mercer, Lawrence, and Crawford counties in Pennsylvania, expand the company’s midstream assets in the oil and wet gas windows of the Utica play in northwestern Pennsylvania, said Brent Breon, president of Pin Oak Midstream LLC and chief commercial officer of Pin Oak Energy Partners LLC, in a Sept. 9 statement. “The Jackson Center assets currently gather conventional and unconventional gas from third party operators in the area and will allow Pin Oak Energy to connect and produce Utica wells currently waiting on pipelines,” he said.
Pin Oak Midstream’s Appalachian basin position consists of nearly 1,200 miles of pipeline assets; 13 interstate pipeline interconnections; gathering, processing and transportation dedications on more than 150,000 dedicated net deep acres (Marcellus and Utica) and current flowing volumes more than 15 MMcfd.
Pin Oak Energy Partners LLC and its subsidiaries operate wells producing 24 MMcfed gross and nearly 12 MMcfed net (16% liquids), nearly 1,200 miles of midstream assets, and maintain 217,000 net acres (207,000 net deep acres) in the basin.