Hyperdrive: Now It's New Mexico -- July 14, 2017

Texas, actually New Mexico in this case, hyperdrive. It never quits.

From bizjournals:

The Woodlands-based Summit Midstream Partners LP and XTO Energy Inc., a subsidiary of Exxon Mobil Corp., announced July 7 a deal for the creation of a new natural gas gathering and processing system. Data points:

• Summit: develop, own and operate a new natural gas gathering and processing system
• price: $110 million
• where: New Mexico portion of the Permian Basin's north Delaware Basin
• initial phase should be operation by this time next year (making America great again)
• capacity: 60 million cubic feet per day
• could be expanded to (a whopping) 600 million cubic feet per day

By the way, XTO will be moving its headquarters from Fort Worth to Exxon Mobil's 385-acre Springwoods Village campus between Houston and The Woodlands.

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Linn Expanding In SCOOP/STACK

Meanwhile, also from bizjournals, Linn Energy subsidiary changes name and is building a gas plant in SCOOP/STACK.

• Linn Midstream LLC, a subsidiary of Houston-based Linn Energy: renamed Blue Mountain Midstream LLC
• BCCG Engineering, Midland,TX-based, will build a cryogenic gas processing facility in central Oklahoma
• capacity: 250 million cubic feet/day

should be in operation by this time next year (making America great)