Houston-based Noble Energy Partners is buying a 19% equity interest for $15 million in the Midstream Access Pipeline of West Texas.
The pipeline is a network of 90 miles of high and low-pressure lines in Upton and Midland counties located in and around Midland and Odessa, Texas. It went online in 2015 and has a capacity of 1.2 Bcf/d.
Noble Energy said the acquisition is an extension of its commitment to reallocating capital in a portfolio of interconnected, complementary assets with predictable cash flows.