startedfull operations at the Kingfisher Midstream Lincoln gathering and processingplant in the STACK play in Oklahoma.
The projectis supported by a long-term commitment of over 100,000 net acres dedicated toKingfisher Midstream. ARM Midstream, a subsidiary of the producer servicescompany ARM Energy,built the plant with capital from investment firm , accordingto a July 11 news release.
TheKingfisher Midstream Lincoln facilities include a 60,000-Mcf/d cryogenicprocessing plant, over 100 miles of gas gathering pipeline, over 100 miles ofcrude gathering, a 50,000-barrel crude storage facility, condensatestabilization, six crude oil truck loading stations and 15,000 horsepower ofcompression.
"Thefacility will greatly alleviate some of the production bottlenecks in the STACKarea by providing 60,000 Mcf/d of needed processing capacity. Producers in thearea may now benefit from an unconstrained gas gathering option as well as acentralized crude oil truck load out facility," said Zach Lee, CEO of ARM.
A secondconstruction phase would add 200,000 Mcf/d of processing capacity, incrementalgas and crude gathering, and further market connectivity, according to therelease.
HPS Investment Partners was originally a unit of ,a subsidiary JP Morgan AssetManagement.