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Terminal News

Navigator to expand pipeline and storage assets

Navigator to expand pipeline and storage assets
Navigator Energy Services is expanding the Glass Mountain Pipeline system with additional pipeline and storage capacity.

The company, in partnership with BlackRock Real Assets, bought the pipeline system for $600 million, which delivers crude to a one million barrel GMP owned storage facility at Cushing, Oklahoma.

Navigator is expanding the system by constructing an additional 44 miles of pipeline further into the STACK play, and will also add an additional 250,000 barrels of storage capacity.

The expansion is expected to be operational in February 2018. Once complete, the system will include pipeline capacity of 210,000 barrels of oil per day and 1.8 million barrels of storage.

The company says that in support of the significant volume growth within the STACK/Merge and Woodford resources plays, it plans to further expand the footprint and overall capacity of the system.

Working with producer partners, substantial new gathering infrastructure is also anticipated.

It adds: 'The considerable scale of the existing GMP system and its ability to segregate multiple grades of crude allows Navigator to offer customers a fulsome, differentiated suite of services to transport and store crude oil.'



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