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Apache, Eagle Rock Ink Fee-Based Midstream Agreement
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Eagle Rock Energy Partners L.P. has entered into a new fee-based Gas Gathering, Processing and Purchase Agreement with Apache Corporation to support Apache's active drilling program in the Texas Panhandle.
As part of the Agreement, Apache has dedicated to the Partnership all existing and future wells drilled within an area encompassing more than 106,000 gross acres, located in Hemphill, Lipscomb, Ochiltree, Roberts, Hansford and Sherman Counties, Texas, under market-based terms. The Agreement supersedes and expands on various existing agreements between the Partnership and Apache. The dedicated acreage covers the Granite Wash, Hogshooter, Tonkawa, Marmaton and Cleveland plays in the Anadarko Basin of the Texas Panhandle. The Agreement provides for fee-based compensation to the Partnership…
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