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Discovery DJ Services LLC

Company Summary

Description

Discovery DJ Services provides midstream services to producers in Colorado drilling the prolific Niobrara and Codell stacked-pay zones in the Denver-Julesberg Basin. Located in southern Weld and northern Adams counties, our infrastructure and related facilities provide our customers with much needed takeaway capacity in the southern Wattenberg Field. The Discovery DJ system includes both crude oil and natural gas gathering pipelines, cryogenic gas processing, liquids handling, and crude oil storage. Our facilities provide for re-delivery to crude oil markets located near Platteville Colorado, multiple residue gas outlets for increased flow assurance, and delivery of NGL product via pipeline to downstream markets. The first stage of the Discovery DJ project will be fully operational in the first half of 2017, with our secondary stage facilities and pipelines fully operational in the latter part of 2017. Discovery takes pride in working with all constituencies when developing a project, including its customers, landowners, regulators, local jurisdictions and communities to ensure the company is safely and efficiently bringing its customers’ products to market while meeting and exceeding all construction and operating standards.

Website

http://discoverymidstream.com/dj-basin/

Operational Regions

  • DJ Basin

Related Entities

Recent news

  • 11/1/2018 - Williams Progressing on... (subscriber access)
  • 8/2/2018 - Williams Issues Updated... (subscriber access)
  • 7/30/2018 - Williams & KKR Acquiring... (subscriber access)
  • 7/9/2018 - Extraction Oil & Gas &... (subscriber access)

Company Transactions

Date: 8/15/2018
Type: Acquisition

NOTES:
Williams will serve as operator and hold 40% ownership while KKR holds the other 60% stake via a joint venture. Williams will then provide growth capital which will allow them to boost their stake to 50%, and they have the option to acquire KKR's entire ownership stake within six-years of close. The current Discovery system includes 60 Mmcf/d in active processing capacity and another 200 Mmcf/d scheduled for completion in 2018, 130-miles of natural gas pipeline, 260,000 dedicated acres for the gas business and another 60,000 dedicated acres for oil gathering.
REGIONS:
  • DJ Basin