Midstream - Pipelines | Midstream - Oil Gathering
Lilis Inks Crude Oil Gathering Agreement with Salt Creek
Print
|
Lilis Energy has inked a crude gathering agreement with ARM affiliate, Salt Creek Midstream, who is developing a new pipeline that will connect to a gathering terminal in Winkler County, TX.
The Winkler terminal will allow Lilis to directly access long-haul downstream pipelines that are connected to Midland, Texas, and the Gulf Coast region. The project is supported by a dedicated Area of Mutual Interest, which covers all of Lilis’ current acreage in Lea County, New Mexico, and Winkler and Loving Counties in Texas. Lilis will provide its acreage dedication with no volume or CAPEX commitments and Salt Creek will provide all capital for the oil gathering system.
In addition to the crude oil gathering agreement, Lilis and Salt Creek have also entered into an agreement whereby Lilis received cash consideration in exchange for granting Salt Creek options to provide certain natural gas midstream services for Lilis’s gas produced within an Area of Mutual Interest.
No other details about the project were released.
More Midstream - Oil Gathering News
Crestwood Updates Midstream Ops Following Dakota Access Ruling
Following the ruling regarding the Dakota Access Pipeline, Crestwood Equity Partners LP provided an update on its Bakken operations including the Arrow gathering system, Bear Den processing plants…
Elevation Midstream IDs 2020 Budget; Puts Badger Gathering Facility Online
Extraction Oil & Gas, Inc. subsidiary, Elevation Midstream LLC, has begun moving crude oil, natural gas and water through its Badger central gathering facility (CGF). Extraction also provided…
ARB Midstream Scores DJ Basin/Niobrara Oil Gathering Contract
Platte River Midstream, LLC, a subsidiary of ARB Midstream, LLC , today announced it has secured a long‐term, fee‐based crude oil transportation services agreement with one of the…
Five Point-backed EVX Midstream Expanding Eagle Ford Oil Gathering Facilities
Five Point-backed EVX Midstream announced the expansion of its oil gathering and facilities in the eagle ford. This comes as Eagle ford operators plan to complete more wells…
DCP Midstream Annouces New DJ Basin, Permian Pipeline Projects
DCP Midstream Partners provided the following projects update.
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian - Delaware Basin News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…