DALLAS--(BUSINESS WIRE)--Navigator Energy Services, LLC (“Navigator”) announced today that it is expanding the transportation capacity of its Big Spring Gateway Pipeline System (“BSG System”) from 85,000 barrels of crude oil per day (bbl/d) to 140,000 bbl/d. The BSG System will serve crude oil producers and other shippers in the Permian Basin. Navigator has commenced construction, and the system is expected to be placed in service in the second half of 2015. The expanded system will serve new origin points in Western Midland County, Southern Glasscock County and Western Martin County, Texas, in addition to those already planned in Glasscock, Martin and Howard counties.
Navigator also announced it will launch a supplemental binding open season for additional transportation commitments to the BSG System. The binding open season will commence at 12 p.m. CST on February 2, 2015.
When the expansion is complete, the BSG System will span Martin, Howard, Glasscock and Midland counties in Texas and include more than 250 miles of gathering pipeline, 200 miles of transportation mainline, seven truck injection stations and 225,000 barrels of planned storage capacity. Under its FERC tariff, the BSG System will offer delivery into the BridgeTex Pipeline and Sunoco-operated pipelines near Colorado City, Texas. The BSG System will provide West Texas producers a direct path to approximately 900,000 bbl/d of pipeline takeaway from Colorado City to Texas Gulf Coast and Mid-Continent market centers.
Subject to the specific terms of the open season, premium rates and certain other service incentives will be available to committed shippers making long-term volume commitments. The Notice of Open Season is available on Navigator’s website at www.navigatorenergyservices.com. More information about the open season and the BSG System is available by contacting Navigator’s chief commercial officer, Matt Vining, at (214) 880-6001 or firstname.lastname@example.org.
About Navigator Energy Services, LLC
Headquartered in Dallas, Navigator provides oil and natural gas producers with comprehensive midstream services including crude oil and natural gas gathering, transportation, storage and natural gas compression and processing. Navigator and its affiliates are focused on domestic midstream opportunities in both developing and mature producing areas. Navigator is supported by an equity commitment from First Reserve. To learn more about Navigator, please visit www.navigatorenergyservices.com.
About First Reserve
First Reserve is the largest global private equity and infrastructure investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the firm has cultivated an enduring network of global relationships and raised more than USD $30 billion of aggregate capital since inception. Putting these to work, First Reserve has completed more than 550 transactions — including platform investments and add-on acquisitions — on six continents. Its portfolio companies span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and infrastructure. First Reserve has offices in Greenwich, Connecticut; Houston; London; and Hong Kong. Visit http://www.firstreserve.com for more information.