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Oryx Southern Delaware Oil Gathering and Transport LLC

Company Summary

Description

Crude Oil Gathering System and Rich Gas Gathering System Lea County, New Mexico In early 2014, Oryx entered into long-term, fee-based agreements with three exploration and production companies — one large, publicly traded independent company and two private Midland-based companies — to support their active drilling programs in the northern Delaware Basin. The three companies dedicated to Oryx production from wells drilled within an area encompassing approximately 340,000 acres in Lea County, New Mexico. To accommodate production from the dedicated acreage, as well as other production in the area, Oryx is currently constructing up to 60 miles of rich gas gathering pipeline and up to 80 miles of crude oil gathering pipeline. These systems will provide customers with an integrated gathering service and will serve production from multiple formations including the Second Bone Spring, Third Bone Spring, Avalon/Leonard and Wolfcamp shales.

Website

http://www.oryxmidstream.com/company/work

Related Entities

Recent news

  • 4/17/2019 - Oryx Midstream Launches... (subscriber access)
  • 4/2/2019 - Stonepeak Infrastructure... (subscriber access)

Company Transactions

Date: 6/30/2019
Type: Acquisition

NOTES:
Affiliates of Quantum Energy Partners, Post Oak Energy Capital, and Concho Resources entered into a binding agreement to sell substantially all of the assets of Oryx Southern Delaware Holdings to funds managed by Stonepeak Infrastructure Partners for a price of roughly $3.6 billion.
REGIONS:
  • Delaware Basin
  • Date: 6/30/2019
    Type: Acquisition

    NOTES:
    Orynx Southern Delaware Holdings entered into an agreement to sell 100% of the equity interests in its subsidiaries to Stonepeak Infrastructure Partners for $2.07 billion. Concho Resources owns a 23.75% equity interest in Oryx and will receive roughly $300 million at closing after repayment of Oryx's outstanding borrowings. The transaction is anticipated to close in 2Q19.