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Halcón Resources Corporatio Message Board

  • zoom_bee zoom_bee Dec 22, 2013 7:32 AM Flag

    Halcon hooked in on Fort Berthold

    Crestwood Midstream Partners LP now transports 18 percent of current Bakken output following its acquisition of
    the Arrow gathering system on the Fort Berthold Reservation and the COLT Hub in Epping, N.D.,
    The Arrow system is being expanded to a total design capacity of 125,000 barrels per day of crude oil gathering, 100 million cubic feet per day of gas gathering and 40,000 bpd of produced water gathering.
    Arrow and COLT Hub are connected directly through the Hiland Pipeline and Tesoro Pipeline, which improves pricing and sales optionality for Arrow producers

    Arrow has long-term gathering contracts with committed Bakken Shale producers WPX Energy, QEP Energy Co., XTO Energy, Halcon and Kodiak Oil and Gas. Nine or ten rigs are expected to be operating in the area to drive 2014 volumes. Arrow’s operations extend from Dunn County to McKenzie County.
    The system features 460 miles of gathering pipeline systems including 150 miles of crude oil gathering lines, 160 miles of natural gas gathering lines, and150 miles of water gathering lines.

    The flaring up in Dunn county (Four Bears field) will ease now that the lines are hooked.

    Sentiment: Buy

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