DENVER--(BUSINESS WIRE)--Taproot Energy Partners LLC announced today that its affiliate, Taproot Rockies Midstream LLC (“Taproot”) has been awarded an acreage dedication for crude gathering by Confluence Resources (Confluence) for its Platte River position. The in-service date for the pipeline is expected to be July 1, 2021.
The Confluence acreage dedication brings Taproot’s current dedicated acreage to over 325,000 acres from five producers and continues Taproot’s growth story of system expansion to support premier DJ Basin operators.
“We look forward to providing world-class midstream services and solutions to Confluence as it develops its very attractive, productive DJ Basin acreage position. As our system expands, so does producer access to crude gathering pipelines, eliminating the need for trucking and providing the safest, most environmentally friendly transportation from the wellhead,” said Garrick Brown, Taproot CCO.
“The growth Taproot has accomplished in the DJ Basin since its inception in 2018 has been remarkable. We are excited to continue our record of on-time and under-budget projects as we construct the Confluence pipeline, and providing exceptional midstream service thereafter,” said Kevin Sullivan, Taproot CEO.
For more information, please contact Colin Moe, Taproot VP of Commercial Development, at (303) 749-0365.
About Taproot Energy Partners LLC
Based in Denver, Colorado, Taproot is a midstream company led by an experienced management team with extensive prior success in creating long-term value for its producer customers. Taproot management brings a full suite of skills to partner with producers in providing all necessary midstream services. Capabilities include natural gas gathering, compression, treating and processing, crude oil gathering and transportation, produced water disposal, fresh water supply, condensate treating/blending and natural gas liquids products marketing. Taproot is backed by Energy Spectrum Capital, based in Dallas, Texas.
Visit www.TaprootEP.com for more information.
About Confluence Resources
Founded in September 2016, Confluence Resources is a private oil and gas company headquartered in Denver, Colorado. The management team comprises recognized leaders in the industry with proven track records of creating significant shareholder value over more than three decades across multiple oil and gas resource plays. The team is currently executing on the development of assets in the DJ Basin.
Visit www.confluenceresources.com for more information.
About Energy Spectrum Capital
Founded in 1995, Energy Spectrum Capital is a Dallas-based venture capital firm that makes direct investments in well-managed, lower-middle-market companies that acquire, develop and operate energy infrastructure assets in the United States and Canada. Since inception, the firm has raised more than $4.5 billion of equity capital commitments and has sponsored 65 portfolio companies.
Visit www.EnergySpectrum.com for more information.
