Apache Corporation, the Houston-based company with operations in Tulsa, Elk City and Chickasha, Oklahoma announced it’s secured 500 million cubic feet a day of natural gas transport capacity on the new Gulf Coast Express Pipeline Project in west Texas.
As part of the deal, Apache also secured an option for up to 15 percent equity stake in the 430 mile pipeline from Waha, Texas to Agua Dulce, Texas near the Texas Gulf coast. The pipeline won’t be fully operational until the second half of 2019.
But the agreement struck by Apache will provide the company access to domestic industrial and utility users as well as incremental demand for LNG exports and markets in Mexico.
The GCX line is a joint project of Kinder Morgan Texas Pipeline LLC, DCP Midstream, LP and affiliate of Targa Resources Corp.