Canyon Midstream Partners II Expands Woodward County, Oklahoma, Processing Plant
According to company officials, when the project is completed in the second quarter of 2019, the Redcliff Plant's processing capacity will be 240 million cubic feet per day, representing a 20 percent increase over current plant capacity.
The Redcliff Plant processes gas volumes transported on an extensive pipeline system which includes over 180 miles of gathering pipelines and five field compressor stations in Oklahoma's Woodward, Dewey, Blaine and Canadian counties referred to as the "Redcliff Gathering System.”
"We appreciate the support and confidence demonstrated by our lender group with the expansion of the Redcliff revolving credit facility," said Michael Walsh, President & CEO of CMP2. "We will continue to develop Redcliff's assets and infrastructure to provide efficient and reliable midstream services in support of growing gas volumes as producers in the STACK play shift to multi-well pad development."
Canyon Midstream Partners II, also announced an increase to the revolving credit facility at its subsidiary Redcliff Midstream from $70 million to $100 million.
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