Midstream Implications of Maverick’s FourPoint Acquisition: Maverick Natural Resources on December 2 announced the acquisition of FourPoint Energy, the largest producer in the western Anadarko Basin and a potential boost for midstream providers such as ArcLight, Enable Midstream (ENBL), Energy Transfer (ET), and ONEOK (OKE) that process gas for FourPoint.
S. Rigs Increase by 8 to 337 in Latest Week: Total U.S. rigs increased by 8 in the latest week, bringing the total U.S. rig count to 337, according to our Midstream Activity Tracker. (TGRP)
New Bakken Processing Nears Start-Up: Outrigger’s Bill Sanderson processing plant is scheduled to come online in the next few weeks and will provide 250 MMcf/d of new processing capacity for gas production in the Bakken play in the Williston Basin, according to our Midstream Activity Tracker. The Bill Sanderson plant is backed by an agreement with ExxonMobil and will gather volumes from Williams County, ND and surrounding areas via a 70-mile gathering line.
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