San Antonio-based Stakeholder Midstream said Dec. 15 it acquired gas gathering and processing assets in Yoakum County from Santa Fe Midstream. The assets include Santa Fe’s 30-30 gas treating and processing plant, low-pressure gas gathering pipelines, downstream residue and NGL lines, and long-term acreage dedication from an established San Andres oil and gas producer. The Santa Fe system compliments Stakeholder’s existing Campo Viejo processing plant and gathering system. The acquisition brings the combined systems’ gas processing capacity to about 85 million cubic feet per day with about 450 miles of gathering pipelines and total acreage dedications to more than 200,000.
Co-CEO Robert Liddell said, “We entered the San Andres play in 2016 due to the unique blend of production stability and growth potential… Despite a challenging commodity environment in 2020, our system volumes continued to grow year over year, and we expect that trend to continue. This consolidation enhances Stakeholder’s capabilities to provide even better service to our customers.”