Pin Oak Midstream Acquires Assets From Laurel Mountain Midstream

Area de operación de Oak Energy Partners

Pin Oak Midstream has completed the purchase of Laurel Mountain Midstream’s (LMM) Jackson Center, Pennsylvania, USA, assets.

Pin Oak Midstream, a subsidiary of Pin Oak Energy Partners,  is an Appalachian Basin midstream company engaged in the gathering, processing, and transportation of hydrocarbons within its geographical area of focus.

The Jackson Center assets include more than 1050 miles (1690 km) of natural gas gathering pipelines, interstate pipeline interconnects to the National Fuel Gas and Tennessee Gas Pipeline, and five gathering compressor stations. The stations have a gathering capacity of more than 50 MMcf/d (1.4 x 106 m3/d).

“These assets in Mercer, Lawrence, and Crawford counties of Pennsylvania are a great fit to our expanding footprint and further bolster the company’s midstream assets in the oil and wet gas windows of the Utica play in northwestern Pennsylvania,” said Brent Breon, president of Pin Oak Midstream and chief commercial officer of Pin Oak Energy Partners.

“The Jackson Center assets currently gather conventional and unconventional gas from third party operators in the area and will allow Pin Oak Energy to connect and produce Utica wells currently waiting on pipelines,” said Breon. “Additionally, Pin Oak remains committed to our ongoing efforts of executing our growth strategy through acquisitions even during these difficult times.”

Pin Oak Energy Partners and its subsidiaries are Appalachian Basin energy companies engaged in the exploration and production of conventional and unconventional oil and natural gas assets, along with the operation and ownership of midstream pipeline systems.