Altus Midstream Acquires 27% Stake in Permian Highway Pipeline

Altus Midstream Processing LP decided to acquire an approximately 26.7% equity interest in the estimated US$2.1 billion Permian Highway Pipeline.

The pipeline is expected to have approximately 2.1 billion cubic feet per day of natural gas transportation capacity. It runs from the Waha area in northern Pecos County, Texas, to the Katy, Texas area, with connections to Texas Gulf Coast and other markets.

“We are very excited to participate in the Permian Highway Pipeline,” said Clay Bretches, Altus Midstream Chief Executive Officer and president. “This is a high-quality project supported by take-or-pay contracts with creditworthy counterparties.”

In September 2018, the final investment decision to proceed with the project was made and the pipeline is expected to enter service in October 2020. Altus Midstream Processing, Kinder Morgan and EagleClaw Midstream Ventures, each owns approximately 26.7% of the pipeline. The remaining 20% is owned by an anchor shipper affiliate.

Source:
worldpipelines

Open Season for Permian Global Access Pipeline Announced

Permian Global Access Pipeline LLC, a subsidiary of Tellurian has announced that it is conducting a binding open season to secure prospective shippers for its proposed Permian Global Access Pipeline project.

The proposed pipeline is a 42 in. diameter interstate natural gas pipeline originating at the Waha Hub in Pecos County, Texas, and terminating at Gillis, Louisiana, north of Lake Charles, Louisiana.

It is estimated to cost approximately US$3.7 billion to construct and will have the capacity to transport at least 2 billion cubic feet of natural gas per day. Construction could begin as early as 2021 and the pipeline is targeted to be in service as early as 2023.

The open season will begin at noon Central time on Monday 8 April 2019 and runs through Friday 24 May 2019 at 4 pm CT.

Source:
worldpipelines