Continuing its buildout of infrastructure in the STACK play of northwestern Oklahoma, Great Salt Plains Midstream Holdings LLC (GSPM) closed on its acquisition of Thunderbird Midstream LLC. Both companies are based in Oklahoma City.
The transaction includes a 34-mile natural gas pipeline gathering system and the Thunderbird Midstream cryogenic natural gas plant. The plant, which covers 40 acres and has a processing capacity of 20 MMcfd, began operations in 2016 and provides immediate processing capacity with additional firm market outlets for residue and natural gas liquids, the company said.
“The additional gathering pipeline from Thunderbird extends our system west into Major County, providing producers with low-pressure gathering and additional residue market optionality,” said Rusty Rains, chief executive officer of GSPM.
The company’s Silver Lake plant, a cryogenic processing facility under construction in Major County, Okla., is under construction and is expected to have an initial capacity to process as much as 70 MMcfd, with expansion capacity of up to 220 MMcfd. Additionally, GSPM is constructing more than 90 miles of gas gathering pipelines and multiple compressor stations and expects the new facilities to be in service in July.
