Copyright © 2018 Albuquerque Journal
Sendero Midstream Partners LP will invest $750 million in four new natural gas gathering and processing plants in southeast New Mexico over the next five years.
The company announced its plans Monday morning during inauguration ceremonies for its Sendero Carlsbad Gas Processing Plant about 10 miles south of Carlsbad, which began operating in December. That $220 million plant and pipeline system can process up to 130 million cubic feet of natural gas per day.
Once Sendero’s other New Mexico facilities are built, local processing capacity will surpass 1 billion cubic feet per day, said Sendero President and CEO Clay Bretches. All the facilities will serve oil and gas producers in the Delaware Basin, an extremely productive rock formation that protrudes from southwest Texas northward into Eddy and Lea counties.