News & Resources

 

Just a couple of months after announcing plans for Phase II of its Dos Picos system with construction of a natural gas processing facility in Midland County, Pinnacle Midstream II is awarding contracts for the project.

Pinnacle Midstream II LLC, an independent energy infrastructure company, today announced the initiation of Phase II development of the Dos Picos System with the construction of a natural gas processing facility – totaling 200 million cubic feet per day (MMcf/d) upon completion – in the Midland Basin. The project is targeted for commercial operation during the second quarter of 2022.

Pinnacle Midstream II, LLC announced that the company has entered into a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy, LLC, pursuant to which DoublePoint agreed to dedicate certain of its leasehold acreage related to natural gas production to Pinnacle. The agreement anchors Pinnacle’s greenfield build of a new natural gas gathering and compression system in the Midland Basin. The Pinnacle Dos Picos Gathering System is expected to come into service in the second quarter of 2021 and supports the extensive multiwell pad development taking place in the Midland Basin, one of the most prolific production areas in North America.

Drew Ward is confident that “no one is born a leader,” but his career shows that he continually strives to become and grow as one. What is the impetus behind Ward’s path to leadership, which has led him from rough-necking offshore for Nabors Industries to high-responsibility roles with Kinder Morgan and, now, partnership in Pinnacle Midstream II? The answer is clear: having led teams to overcome challenges on battlefields where, as he puts it, “the ditches and road maps aren’t established.”

Pinnacle Midstream II, LLC announced a significant equity capital commitment from management and Energy Spectrum Partners VIII LP. Headquartered in Houston and established in early 2019, Pinnacle is an independent energy company focused on the development of energy midstream infrastructure for oil and gas producers working in various basins across North America. Pinnacle is pursuing organic greenfield projects, strategic producer partnerships and select acquisition opportunities with a focus on Texas and the surrounding states.