The Woodlands-based Durango Midstream said recently it received commitments from commercial banks – led by Wells Fargo Bank National Association – to support expansion of Kings Landing gas gathering and processing facility in Eddy County, N.M. Phase I of the project is expected to be placed into service in 2024Q4 and includes 200 million cfd of natural gas processing capacity.
Durango said there also will be substantial investments in compression, gas gathering and liquids-handling infrastructure. Phase II will add a second plant of 200 million cfd of processing capacity. Kings Landing project is underpinned by commercial agreements with leading Permian Basin producers. Richard Cargile, president and CEO, said Nov. 1, “Durango is excited to announce the continued expansion of our Permian Basin assets with the construction of Kings Landing. The Kings Landing project provides an essential capacity solution for our customers in Eddy and Lea counties.”