Houston (June 17, 2015) – Twin Eagle Resource Management, LLC (“Twin Eagle”) announced today the acquisition of a 100 percent interest in StarMex Big Wells, LLC, a 42-mile crude oil gathering system pipeline in the Eagle Ford shale region that connects to the major long-haul pipelines in the Gardendale area. As of closing, StarMex Big Wells will be renamed Twin Eagle Gardendale Pipeline, LLC.
Located in one of the Eagle Ford’s most prolific areas, the system is surrounded by several producers with substantial production and significant continued drilling plans. The pipeline system has capacity of 35,000 barrels per day and is backed by long-term, fee-based contracts with existing customers that are committed to ship approximately 24,000 barrels a day.
“The acquisition of StarMex Big Wells is exciting for the Twin Eagle brand as we continue to diversify our logistics and midstream offerings to our clients,” said Griff Jones, Twin Eagle’s chief executive officer. “We are looking forward to working with producers in the area to develop valuable gathering solutions to move their crude oil.”
With terminal locations in Elmendorf and Laredo that serve our customers and trucking operations near Gardendale, the acquisition expands Twin Eagle’s midstream footprint in the Eagle Ford and represents another important step forward in Twin Eagle’s growing portfolio of strategic midstream assets throughout many of the country’s major basins including the Permian, DJ, Niobrara and the Bakken.
About Twin Eagle Resource Management, LLC
Headquartered in Houston, Texas, Twin Eagle provides midstream energy and wholesale energy services focused on creating value for customers throughout North America. Twin Eagle was founded in 2010 and has since grown to more than 500 energy professionals under the Twin Eagle name, all committed to serving clients with a customer-driven focus and cross-commodity approach. Through its Midstream business unit, named Twin Eagle Midstream, Twin Eagle owns and operates crude oil and fracturing sand logistical assets and provides related marketing of crude oil and natural gas liquids. Through its Wholesale business unit, Twin Eagle is a leader in the wholesale marketing of energy-related commodities including natural gas, power, and environmental products and services. For more information, please visit www.twineagle.com.