Valiant Starts Work on Arkoma Play Gathering Assets
David Wagman | February 07, 2018
Valiant Midstream LLC has started construction on a $200 million natural gas gathering system and cryogenic gas processing plant in the Arkoma Stack play in southeast Oklahoma. The system is expected to come online starting in the second quarter of 2018.
Valiant will provide midstream services to multiple oil and gas producers targeting liquids-rich stacked pay zones, including the Woodford formation.
The initial phase will include a 200 MMCFD cryogenic processing plant and a high-pressure trunk line crossing the basin's liquids-rich fairway with a gathering system consisting of 12-inch to 24-inch steel pipeline, five gas compression facilities and condensate stabilization.
The processing plant will provide access to multiple residue gas pipelines. Valiant expects to increase its investment as producers' needs develop across the basin.
Valiant will provide gathering and processing services for Corterra Energy LLC and Canyon Creek Energy — Arkoma LLC under long-term contracts. Combined, these companies have committed over 1.8 million gross acres within an area of mutual interest to the midstream project. Corterra and Canyon Creek currently control close to 500,000 gross acres across the re-emerging Arkoma Stack play.