Outrigger Energy II LLC Completes Sale of Its DJ Basin Midstream System and Provides Business Update for Its Williston Basin Midstream System
Retrieved on:
Thursday, December 1, 2022
Outrigger Energy II LLC (Outrigger) announced today that it has completed the sale of its midstream system in Weld County, Colorado to Summit Midstream Partners, LP (NYSE:SMLP) (Summit).
Key Points:
- Outrigger Energy II LLC (Outrigger) announced today that it has completed the sale of its midstream system in Weld County, Colorado to Summit Midstream Partners, LP (NYSE:SMLP) (Summit).
- Outriggers DJ system is anchored by long-term, fee-based contracts and approximately 310,000 dedicated acres from leading basin operators.
- Further, the systems extensive high-pressure gas gathering footprint provides an excellent platform for interconnectivity with multiple midstream systems in the DJ Basin, including Summits system.
- With the sale of its DJ Basin system, Outrigger will be exclusively focused on the continued development of its world class Williston Basin system located in Williams and Mountrail Counties, North Dakota.