On Jan. 5, Houston-based EVX Midstream Partners LLC announced that it signed a definitive agreement – with one of the nation’s largest independent oil and gas producers – to construct, own and operate a new crude oil gathering system in McMullen County, Texas.
The system, which is expected to be in service during the second quarter of 2018, will consist of large-diameter gathering over approximately 20,000 dedicated acres and a storage terminal with connectivity to Eagle Ford JV Pipeline.
“We are pleased to continue executing our multi commodity development plans in the Eagle Ford. This new-build large diameter gathering system complements our existing assets, adds a substantial long-term acreage dedication to our portfolio and will ultimately allow us to serve a broader base of customers,” said Herb Chambers IV, president and CEO of EVX. “We continue to evaluate additional Eagle Ford, Gulf Coast and Permian opportunities and look forward to executing other growth projects in 2018.”
“Today’s announcement represents a significant milestone for EVX. This asset not only expands our existing Eagle Ford footprint, but also strategically positions EVX for additional long-term growth opportunities,” said Brian Stewart, VP of business development of EVX.
EVX is led by its three founders: Charlie Flynn, COO; Brian Kellar, CFO; and Chambers. The EVX leadership team has a demonstrated track record of success, originating transactions and projects, structuring and developing midstream assets, and operating assets post-acquisition or project completion.
Formed in 2015, EVX Midstream Partners LLC is a midstream development company focused on acquiring, developing and operating crude oil, natural gas, and produced water gathering, processing, treating and transportation assets in the Eagle Ford, and Permian Basin.