Outrigger Energy II LLC has announced that it has completed the sale of its midstream system in the Williston Basin of North Dakota to Hiland Partners Holdings LLC, a wholly owned subsidiary of Kinder Morgan, Inc. for US$640 million.
Outrigger’s Williston Basin system includes a 270 million ft3/d cryogenic gas processing plant, approximately 104 miles of high-pressure, large diameter gathering pipelines and 6720 HP of field compression. Outrigger’s high-pressure gathering system extends across Williams and Mountrail Counties receiving gas from multiple high-capacity receipt points and the system is anchored by long-term, fee-based contracts with significant minimum volume commitments from several leading Williston Basin operators.
Dave Keanini, Outrigger’s President & CEO, stated, “The significant midstream system we developed, which includes the largest single-train cryogenic processing facility in North Dakota, is a career highlight. We are very proud of the exceptional results delivered by our team, particularly against the challenge of the Covid-19 pandemic during the construction phase. We appreciate the strong relationships we built with our customers and are confident that Kinder Morgan’s extensive presence and expertise in the basin will provide substantial synergies with the Outrigger system to benefit area operators. Further, we are incredibly grateful for the consistent trust and support of our partners NGP and Brion G. Wise.”
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