Cogent Midstream Announces Construction of New Intrastate Gas Pipeline to Connect its Big Lake Processing Complex to the Gulf Coast Express Pipeline

Cogent
Midstream, LLC (“Cogent”) today announced it will construct an
approximately 25-mile pipeline that will deliver residue gas from its
Big Lake Natural Gas Processing Complex located in Reagan County in the
Midland Basin of West Texas to Kinder Morgan’s Gulf Coast Express
Pipeline (GCX Pipeline). In addition to the GCX Pipeline, Cogent’s
residue pipeline is also expected to cross the proposed Permian Highway
Pipeline and Whistler Pipeline projects. Cogent’s 20-inch pipeline is
anticipated to come into service in the fourth quarter of 2019 and have
a total capacity of approximately 400 million cubic feet per day
(MMcf/d).

The pipeline’s in-service date coincides with Cogent’s fourth-quarter
timeline for commissioning its Big Lake II natural gas cryogenic
processing plant. Currently under construction, the Big Lake II Plant
has the nameplate capacity to process 200 MMcf/d and will bring Cogent’s
total processing capacity to approximately 510 MMcf/d.

“Cogent’s investments in the Big Lake II Plant and the residue gas
pipeline to GCX continue to demonstrate the high level of commitment
we’ve made to serving our customers. Both projects are designed to
ensure that Cogent’s producers have the reliable service and optionality
they need to efficiently move their volumes to growing markets and
achieve the best possible netbacks,” said Cogent Midstream CEO Dennis J.
McCanless.

About Cogent Midstream

Cogent Midstream provides a full complement of tailored midstream
services designed to create efficiencies and value for the Midland
Basin's leading producers. Natural gas services include gas gathering,
compression and processing. Crude oil services include gathering,
transportation, and third-party condensate stabilization. Cogent's
highly experienced team is dedicated to operational excellence and
creative, flexible solutions that help customers access premium markets
and maximize netbacks. Cogent is headquartered in Dallas and backed by
growth capital commitments from EnCap
Flatrock Midstream. For more information, please visit www.cogentmidstream.com.

About EnCap Flatrock Midstream

EnCap Flatrock Midstream provides value-added growth capital to proven
management teams focused on midstream infrastructure opportunities
across North America. The firm was formed in 2008 by a partnership
between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based
in San Antonio with offices in Oklahoma City and Houston, the firm
manages investment commitments of nearly $9 billion from a broad group
of prestigious institutional investors. EnCap Flatrock Midstream is
currently making commitments to new management teams from EFM Fund IV, a
$3.25 billion fund. For more information please visit www.efmidstream.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190423005137/en/

News by QuoteMedia

www.quotemedia.com