Permian Basin sees another long-term natural gas transportation deal

Another transportation deal has been announced in the Permian Basin of southeast New Mexico.

Lucid Energy Group has executed a new long-term natural gas gathering and processing agreement with XTO Energy, a subsidiary of ExxonMobil.

XTO will deliver natural gas production from some of its leasehold position in southeastern New Mexico to Lucid’s South Carlsbad gas gathering and processing system.

Lucid’s system in the northern Delaware Basin consists of more than 2,000 miles of pipeline spanning five counties in New Mexico and Texas.

Lucid is also underway with development of its next large cryogenic processing plant at its flagship Red Hills Natural Gas Processing complex in Lea County, New Mexico.

%d bloggers like this: