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Pinnacle Midstream II, LLC (Pinnacle) has announced that the company has entered into a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy, LLC (DoublePoint), pursuant to which DoublePoint agreed to dedicate certain of its leasehold acreage related to natural gas production to Pinnacle. The agreement anchors Pinnacle’s greenfield build of a new natural gas gathering and compression system in the Midland Basin.
The Pinnacle Dos Picos Gathering System is expected to come into service in 2Q21 and supports the extensive multiwell pad development taking place in the Midland Basin, one of the most prolific production areas in North America.
Pinnacle Midstream II Announces a New-Build Natural Gas Gathering and Compression System in the Prolific Midland Basin businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.