Big Spring Gateway Crude Oil Pipeline to Provide Transportation Services from Midland Basin to Colorado City Tank Farm
DALLAS, Texas – Navigator Energy Services, LLC (Navigator), a privately held midstream services provider, announces its binding open season to solicit long-term shipper volume commitments of crude oil from non-affiliated shippers for capacity on a new crude oil pipeline system (Big Spring Gateway or BSG System) originating in the area of Big Spring, Texas, for deliveries to the Colorado City Tank Farm outside of Colorado City, Texas.
The BSG System, with a targeted in-service date in the fourth quarter of 2014, will consist of approximately 190 miles of new crude oil gathering and transmission pipelines to be located in Howard, Martin, Mitchell, Borden and Glasscock counties in Texas. Shippers will have the option to deliver to the BSG System via gathering lines at central delivery points and/or via four truck injection stations. Overall, the BSG System will be designated to receive and transport up to 75,000 barrels of oil per day for redelivery to downstream pipelines originating at the Colorado City Tank Farm in Scurry County, Texas. Navigator’s proposed multiple pipeline interconnections will afford shippers the opportunity to access a variety of planned end-markets in East-Houston, Nederland and Longview, Texas. In addition, Navigator controls a 500-acre site along the Union Pacific Railroad near Big Spring, where it will locate its central terminal for aggregation of crude oil deliveries, operational storage and potential unit-train operations with Union Pacific. The BSG System will have operational storage capacity for approximately 250,000 barrels with an additional 200,000 barrels of planned storage capacity available for third-party lease.
The binding open season begins Sept. 18, 2013, and ends at 12:00 p.m. CDT (noon) on Oct.18, 2013. For more information about the BSG System and the open season, please visit www.navigatorenergyservices.com or contact Matthew Vining at mvining@navigatorenergyservices.com.
About Navigator Energy Services, LLC
Headquartered in Dallas, Texas, Navigator Energy Services, LLC provides oil and gas producers with comprehensive midstream services, including crude and gas gathering, transportation, storage, compression and gas processing. Navigator and its affiliates are private equity investments managed by Tenaska Capital Management, LLC and are focused on domestic midstream opportunities in both developing and mature producing areas. To learn more about Navigator, please visit www.navigatorenergyservices.com.
About Tenaska Capital Management, LLC
Tenaska Capital Management, LLC (TCM), an affiliate of Omaha, Neb.-based Tenaska, is a leading manager of energy private equity investments. TCM has approximately $3.5 billion in assets under management and targets investments in oil and gas midstream, energy services and power generation.