HOUSTON--(BUSINESS WIRE)-- Meritage Midstream Services announced today that it has completed the Fasken Ranch lateral pipeline. The pipeline began flowing natural gas this week. It is an extension to the company’s Eagle Ford Escondido Gathering System in Webb County, Texas. The 14.5-mile, 12-inch pipeline extends Meritage Midstream’s natural gas gathering system to the northwest into Swift Energy Company’s Fasken operating area. Swift Energy (NYSE: SFY) will have up to 40 million cubic feet of natural gas per day of firm capacity on the new pipeline. Meritage is also building a 10.5-mile, 16-inch extension to the southeast to increase takeaway capacity in the Eagle Ford shale. This line is expected to be in place in early 2011. Meritage will expand treating capacity at its South Calahan facility as volumes on the gathering system increase.
“We are very proud of the exceptional installation time on this pipeline. Meritage’s rapid response to the critical need for infrastructure in the Eagle Ford shale means that our customers are able to begin flowing natural gas from day one,” said Steven Huckaby, President & CEO of Meritage Midstream Services. “Our goals are to make sure that producers have the transmission and processing capacity they need and also provide the reliable access to multiple markets that will maximize the value of their gas.”
About Meritage Midstream Services:
Headquartered in Golden, Colorado, Meritage Midstream provides oil and gas producers with a full complement of midstream services. Capabilities include the gathering, treating and handling of natural gas, crude oil and condensate. The company differentiates itself with a focus on excellence in customer service, integrated all-in solutions, and the ability to respond quickly to rapidly developing resource plays. The Meritage management team has a combined 140 years experience in gathering and processing. Meritage is backed by equity commitments from EnCap Flatrock Midstream and TPH Partners. Visit MeritageMidstream.com for more information.
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