trending Market Intelligence /marketintelligence/en/news-insights/trending/p0rDQu1YMqQj9pfpcCJ6qg2 content esgSubNav
In This List

Altus Midstream starts up 1st of 3 cryogenic processing trains in Delaware Basin

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

Infographic: Q4’21 US Battery Storage by the Numbers


Altus Midstream starts up 1st of 3 cryogenic processing trains in Delaware Basin

Altus Midstream Co. placed into service a 200-MMcf/d cryogenic processing train, one of the three facilities planned to serve production in the Alpine High play in the Delaware Basin.

The three processing trains at the Diamond Cryo Complex are designed to process rich natural gas and sell NGLs and residue gas, according to a May 30 news release. Expected to begin service in 2019, the facilities would have a total nameplate capacity of 600 MMcf/d and produce an approximate 60,000 barrels to 75,000 bbl of NGLs per day for Altus' primary customer, its parent company Apache Corp.

"By the end of 2019, we expect to triple our cryogenic processing capacity at Alpine High with the in-service of [train 2] in July and [train 3] in the fourth quarter of this year," Altus CEO, President and Director David Clay Bretches said. He added that the second and third trains remain on budget and schedule.

Altus owns substantially all of the gas gathering, processing and transportation assets serving Apache's production in the Alpine High play.