New Company / Start-Ups | Capital Markets
Eagle Rock, Monarch Ink TX-Focused Midstream Deal
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Eagle Rock Energy Partners L.P. has entered into a new fee-based Gas Gathering, Processing and Purchase Agreement with Monarch Natural Gas LLC, who has offices in Austin, Dallas, and Denver.
As part of the Agreement, Monarch has dedicated to the Partnership, for further gathering and processing, all of its gathered natural gas volume from wells within an area encompassing more than 150,000 gross acres, located in Hemphill, Lipscomb and Ochiltree counties, Texas, under market-based terms.
The underlying acreage covers the Granite Wash, Tonkawa, Marmaton and Cleveland plays in the Anadarko Basin of the Texas Panhandle. In the dedicated area in the Texas Panhandle, Monarch has a dedication of, and will construct all gathering lines to, existing and future wells from a major third party…
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