EVX Midstream Partners (EVX) has signed an agreement to construct, own and operate a new crude oil gathering system in McMullen County, Texas, US, with an independent oil and gas producer.
The system – expected to be in service during 2Q18 – will comprise of large-diameter gathering of over approximately 20 000 dedicated acres and a storage terminal with connectivity to Eagle Ford JV pipeline.
Herb Chambers, President and Chief Executive Officer of EVX, said: "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."
Brian Stewart, Vice President of Business Development of EVX said: "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."
Read the article online at: https://www.tanksterminals.com/storage-tanks/08012018/evx-announces-eagle-ford-crude-oil-project/