Altus Midstream acquires stake in Enterprise’s Shin Oak Pipeline

Altus Midstream Co. recently closed the acquisition of a 33-percent equity interest in the Enterprise Products Partners LP subsidiary that owns the Shin Oak NGL pipeline. The 658-mile Shin Oak Pipeline transports growing NGL production from multiple basins, including the Permian, to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas.

NGLs for the Shin Oak system are sourced primarily from Enterprise’s Orla natural gas processing complex in Reeves County, Texas, as well as Apache Corp.’s Alpine High play, via a long-term NGL sales agreement committing 100 percent of NGLs from that acreage. Supported by long-term customer commitments, the pipeline will ultimately have capacity to transport up to 550,000 bpd of NGLs by the fourth quarter of 2019.

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