Cureton Midstream Announces Commercial Agreements With Six DJ Basin Oil and Gas Producers
Ares Management Corporation Class A (ARES)
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Source: PR Newswire
DENVER, May 21, 2019 /PRNewswire/ -- Cureton Midstream, LLC ("Cureton" or the "Company"), a Denver-based, growth-oriented midstream company focused on providing commercial solutions, today announced that the Company has signed commercial agreements with six DJ Basin oil and gas producers. These producers have made long-term dedications of leasehold to Cureton's gas gathering and processing system in Weld County, Colorado.Over the last 18 months, Cureton has installed approximately 115 miles of low and high pressure gas gathering pipelines in Weld County. The Company also has fully commissioned and is operating a 60 MMSCFD cryogenic processing plant and 13,000 horsepower of compression near Keenesburg, Colorado. Due to the expansive growth in the DJ Basin and recent well performance around Cureton's footprint, Cureton is looking to expand its gas processing capacity by up to 400 MMSCFD at multiple sites. Charles Beecherl, President and Chief Executive Officer of Cureton Midstream, stat
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