Capital Markets | Private Equity Activity

Prism Opens Bedrock Liquids Facility in the Permian Basin

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Prism Midstream LLC has began accepting natural gas liquids and condensate at the Bedrock Liquids Handling Facility in Crockett County, Texas in May 2016. The facility handles both on-spec and off-spec NGLs and off-spec condensate.

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The Facility has been in full operation since June 1, 2016. The Facility has an initial capacity of 3,000 barrels per day of off-spec NGLs and 3,000 bpd of off-spec condensate. The Facility is expandable to 6,000 bpd each of NGL and condensate. The Facility as currently configured can accept 4,500 bpd of on-spec NGLs in addition to the off-spec capabilities. The Facility is equipped with six truck unloading and loading spots and is a reliable outlet for both on and off-spec NGLs and for off-spec condensate. The Facility is located in the southern portion of the Midland Basin just north of Ozona, Texas with direct access to U.S. Highway 190 to receive incoming trucked liquids. The Facility treats all normal off specification issues (e.g., color, corrosion, carbon dioxide as well as methane) and delivers NGLs that meet pipeline specifications or condensate that has a Reid vapor pressure of 9 pounds per square inch and sulfur content of less than 10 parts per million.

Doug Coleman, Prism’s Vice President of New Ventures, said: "With the increase in crude production and the associated condensate and NGLs in the Permian, a liquids facility that will receive and handle on-spec and off-spec liquids will be critical to both producers and midstream companies. This facility will unload your truck and handle on-spec or off-spec NGLs and condensate, leaving your truck available to pick up the next load with no unexpected mileage or unscheduled delays. In addition, we are set up to accurately test your incoming loads and to quickly offload them."