One-Page Deal Sheet
Lucid Energy Group Buys Delaware Basin Gas Processing Plant
Lucid Energy Group Llc Not Disclosed
Announced Date
February 01,2017
Transaction Type
Asset
Location
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Eddy
Play
Transaction Details: Require Private Equity Subscription
Lucid Energy Group has purchased a second cryogenic processing plant for its South Carlsbad Gathering and Processing System in the Delaware Basin.
Known as Roadrunner I, the plant will be installed in Eddy County, New Mexico. The announcement follows the company’s August 30, 2016, acquisition of Agave Energy Company and the implementation of an aggressive plan to expand the South Carlsbad System in Lea and Eddy counties in New Mexico.
The plant has the capacity to process 200 million cubic feet per day (MMcf/d) of rich gas and will serve producers developing the prolific Wolfcamp, Bone…
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