Oklahoma City’s Devon Energy reached an agreement with WhiteWater, Enlink Midstream, LLC of Austin on investments to move forward with the construction of the Matterhorn Express Pipeline carrying natural gas out of the Permian Basin to Houston, Texas.
The firms say the decision to begin construction came after they secured sufficient firm transportation agreements with shippers.
The Matterhorn Express Pipeline has been designed to transport up to 2.5 billion cubic feet per day (Bcf/d) of natural gas through approximately 490 miles of 42-inch pipeline from Waha, Texas, to the Katy area near Houston, Texas.
WhiteWater, an Austin, Texas based infrastructure company, has partnered with Ridgemont Equity Partners and First Infrastructure Capital on the Matterhorn Express Pipeline.
Supply for the Matterhorn Express Pipeline will be sourced from multiple upstream connections in the Permian Basin, including direct connections to processing facilities in the Midland Basin through an approximately 75-mile lateral, as well as a direct connection to the 3.2 Bcf/d Agua Blanca Pipeline, a joint venture between WhiteWater and MPLX.
“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,” said Christer Rundlof, CEO of WhiteWater. “Matterhorn will provide premium market access with superior flexibility for Permian Basin shippers while playing a critical role in minimizing flared volumes.”
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.
EnLink’s purposely built, integrated asset platforms are in premier production basins and core demand centers, including the Permian Basin, Oklahoma, North Texas, and the Gulf Coast. EnLink’s strong financial foundation and commitment to execution excellence drive competitive returns and value for its employees, customers, and investors. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC.