Oryx Midstream Services, LLC Launches Binding Open Season For Oryx Trans Permian Pipeline System To Serve Southern Delaware Basin
Oryx Midstream Services, LLC announced today that one of its operating subsidiaries, Oryx Southern Delaware Oil Gathering and Transport LLC (collectively, “Oryx”), has launched a binding open season to obtain volume commitments and/or acreage dedications to support the development of the Oryx Trans Permian pipeline system (“OTP”), a new crude oil gathering and transportation system to serve the liquids-rich southern Delaware Basin in Texas. The binding open season commenced today, September 30, 2015, at 8 a.m. CDT and is scheduled to conclude at 5 p.m. CDT on October 29, 2015.
Oryx Midstream Receives $300 Million Equity Commitment and Enters Permian Basin with Substantial Acreage Dedication
Oryx Midstream Services, LLC (Oryx) today announced it has received an equity commitment totaling up to $300 million from Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, Oryx management and other private investors. Oryx will pursue midstream opportunities in the Permian Basin, focusing initially on the Delaware Basin in Texas and New Mexico. The company expects to leverage its deep energy industry experience and build on strong relationships with oil and gas producers in the region to provide a full suite of midstream services.