Delaware Midstream Joint Venture Announcement June 13, 2017
Joint Venture Key Highlights Strategic partnership that includes 50,000 acre dedication in the Stateline area, crude OVERVIEW gathering system and 400 MMcf/d natural gas processing facility to be built Joint venture positioned to be…
Positioned for Long-Term Value Creation FINANCIAL FLEXIBILITY ENHANCES LIQUIDITY AND YE18 LEVERAGE GOAL MINIMIZES INITIAL MIDSTREAM CAPEX OBLIGATIONS COMPETITIVE UPSTREAM COST STRUCTURE OPERATIONAL FLEXIBILITY OPERATIONAL…
WPX Delaware Midstream Infrastructure Overview ASSETS INCLUDED IN JV RETAINED BY WPX ACREAGE DEDICATION Crude Gathering System: WATER SYSTEM 50,000 ACRES GAS GATHERING No drilling or volume commitment 125,000 Bbl/d To be completed…