The Matterhorn Express Pipeline is set to move forward with construction following a final investment decision (FID) on the new natural gas pipeline in the Permian Basin recently announced by developer WhiteWater.
“Matterhorn will provide premium market access with superior flexibility for Permian Basin shippers while playing a critical role in minimizing flared volumes,” WhiteWater CEO Christer Rundlof said in a company release on May 19.
An approximately 490-mile, 42-inch intrastate pipeline, the Matterhorn Express Pipeline has been designed to transport up to 2.5 Bcf/d of natural gas from Waha, Texas, in the Permian Basin to the Katy area outside Houston. Matterhorn Express is a joint venture (JV) with WhiteWater, EnLink Midstream LLC, Devon Energy Corp. and MPLX LP.
“WhiteWater is excited to partner with EnLink, Devon and MPLX to develop incremental gas transportation out of the Permian Basin as production continues to grow in West Texas,” Rundlof added.
After having secured sufficient firm transportation agreements with shippers, WhiteWater said in the May 19 release that the group of pipeline developers have reached the FID to move forward with the construction of the Matterhorn Express Pipeline.
The Matterhorn Express Pipeline is expected to be in service in the third quarter of 2024, pending the receipt of customary regulatory and other approvals. An approximate 75-mile lateral will also provide connectivity for gas processors in the Midland Basin, as well as a direct connection to the 3.2 Bcf/d Agua Blanca Pipeline, a JV between WhiteWater and MPLX.
WhiteWater, an Austin, Texas based infrastructure company, has partnered with Ridgemont Equity Partners and First Infrastructure Capital on the Matterhorn Express Pipeline.
Recommended Reading
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Dividends Declared in the Week of May 6
2024-05-10 - Here is a selection of upstream, midstream and service and supply companies’ dividends declared in the past week.
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.