Ironwood Midstream Energy Partners II LLC has announced it has significantly expanded its crude oil midstream footprint in the Eagle Ford Shale as a result of an asset combination with Nuevo Midstream Dos (Nuevo). Ironwood II and Nuevo are both financially backed by EnCap Flatrock Midstream.
The system also includes a 26-mile intermediate pipeline that moves volumes from the terminal to third-party transportation pipelines with access to refineries, petrochemical plants and export terminals on the Texas Gulf Coast.
The Ironwood II leadership team has assumed management of the Nuevo assets including approximately 100 miles of crude oil gathering pipeline in Lavaca, Gonzalez, and Fayette counties that feed the Lavaca Terminal, which consists of 300,000 barrels of crude oil storage and a six-bay truck station.
“This strategic combination marks an important step for Ironwood as we continue to expand our midstream infrastructure for Eagle Ford producers, offering safe, consistent and competitive access to premium and growing export and industrial markets along the Texas Gulf Coast,” said Ironwood chairman, president and CEO Mike Williams. “We are also extremely fortunate to have Randy Ziebarth join our board as part of this merger. The Nuevo team has built an excellent system and we look forward to continuing to operate it with integrity and reliability.”
For more information visit www.ironwoodmidstream.com