Black Bear Midstream announced on Sept. 10 that it entered into a contract to provide “dry” gas gathering service beginning in late 2018. The six-year agreement includes a significant volume commitment and extends Black Bear’s business beyond its core of natural gas processing.
Black Bear owns and operates a 140 million cubic feet per day (MMcf/d) cryogenic gas processing plant in Caddo Parish, LA, high pressure gas gathering network and a 40-mile NGL pipeline that extends into DeSoto Parish, LA.
“We are excited to expand our business to include dry gas gathering,” said Rich DiMichele, President and CEO of Palmilla Energy, LLC, which operates Black Bear on behalf of Oaktree Capital Management. “There has been significant growth in dry gas drilling within our catchment area and producers are seeking reliable, scalable gas gathering service.”
— Read on www.oilandgasinvestor.com/black-bear-midstream-enters-dry-gas-contract-1715266