If you draw an imaginary line from Colorado to Oklahoma then Texas, you end up with the perfect isosceles triangle of midstream activity for Rimrock Energy Partners. Reese Energy Consulting today is following the latest news from Okla.-based Rimrock, which just secured $200 million from Tulsa-based BOK Financial to expand and extend its natural gas gathering and processing system linking producers in the northern DJ Basin with markets south. Less than four years ago, Rimrock Midstream—the first version of the company—focused on crude oil transportation and processing with its Flint Hills Gathering Pipeline and El Dorado Crude Oil Terminal. Today, Rimrock Energy Partners is all about gas gathering and processing with the first phase of its new plant scheduled for service in May. Rimrock’s 80-mile system will connect the plant to oil and gas fields in the northern DJ and include a cryogenic plant capable of processing 200 MMCFD. This is rockin’ good news for producers in the area battling the lack of gas infrastructure there to get their supplies to outside markets.
Posted on March 20, 2019