Hess, Targa Partnering to Expand Bakken Natural Gas Processing Takeaway
Houston-based Hess Midstream Partners LP and Targa Resources Corp. are teaming up to construct Little Missouri Four (LM4), a 200 MMcf/d natural gas processing plant in North Dakota.
The 50-50 joint venture (JV) plant would be operated by Targa. It is being built at the company’s existing Little Missouri facility in McKenzie County. LM4 should be completed by late this year.
Construction costs for LM4 are estimated at about $150 million. In addition, Hess affiliates plan to invest $100 million for pipeline infrastructure to gather volumes for the plant.
Proposed gas plant good news for ND
Good news about the state’s lucrative oil and gas industry was announced Thursday.
Hess Midstream Partners and Targa Resources plan to build a $150 million gas processing plant near Watford City, as North Dakota produces record volumes of natural gas and approaches record high oil production.
Gov. Doug Burgum reacted this way, and we echo his comments:
“We are thrilled to welcome Hess’ significant investment, which underscores the company’s longstanding presence in North Dakota and commitment to our state. This processing plant will provide much-needed capacity at a time when North Dakota’s oil production nears record levels and associated natural gas production continues to climb. It’s a huge step in the right direction toward continuing to meet our flaring reduction goals and encouraging responsible energy development and infrastructure investment.”
New natural gas processing plant planned near Watford City
WATFORD CITY, N.D.—A $150 million natural gas processing plant is proposed near Watford City in western North Dakota that would help the state reduce flaring and keep up with increasing volumes of Bakken natural gas.
Hess Midstream Partners announced Thursday plans to partner with Targa Resources Corp. to construct the Little Missouri Four plant to process 200 million cubic feet of natural gas per day.
http://www.grandforksherald.com/news/4393798-new-natural-gas-processing-plant-planned-near-watford-city Hess Midstream Partners Announces Strategic Joint Venture to Build New Gas Processing Plant in North Dakota