Cogent Midstream Announces Construction of New Intrastate Gas Pipeline to Connect its Big Lake Processing Complex to the Gulf Coast Express Pipeline
DALLAS – April 23, 2019 – Cogent Midstream, LLC (“Cogent”) today announced it will construct an approximately 25-mile pipeline that will deliver residue gas from its Big Lake Natural Gas Processing Complex located in Reagan County in the Midland Basin of West Texas to Kinder Morgan’s Gulf Coast Express Pipeline (GCX Pipeline). In addition to the GCX Pipeline, Cogent’s residue pipeline is also expected to cross the proposed Permian Highway Pipeline and Whistler Pipeline projects. Cogent’s 20-inch pipeline is anticipated to come into service in the fourth quarter of 2019 and have a total capacity of approximately 400 million cubic feet per day (MMcf/d).
The pipeline’s in-service date coincides with Cogent’s fourth-quarter timeline for commissioning its Big Lake II natural gas cryogenic processing plant. Currently under construction, the Big Lake II Plant has the nameplate capacity to process 200 MMcf/d and will bring Cogent’s total processing capacity to approximately 510 MMcf/d.
“Cogent’s investments in the Big Lake II Plant and the residue gas pipeline to GCX continue to demonstrate the high level of commitment we’ve made to serving our customers. Both projects are designed to ensure that Cogent’s producers have the reliable service and optionality they need to efficiently move their volumes to growing markets and achieve the best possible netbacks,” said Cogent Midstream CEO Dennis J. McCanless.
About Cogent Midstream
Cogent Midstream provides a full complement of tailored midstream services designed to create efficiencies and value for the Midland Basin's leading producers. Natural gas services include gas gathering, compression and processing. Crude oil services include gathering, transportation, and third-party condensate stabilization. Cogent's highly experienced team is dedicated to operational excellence and creative, flexible solutions that help customers access premium markets and maximize netbacks. Cogent is headquartered in Dallas and backed by growth capital commitments from EnCap Flatrock Midstream.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. For more information please visit www.efmidstream.com.