High-Capacity Gas Processing Plant Offered for Sale
In an exciting development for the oil and gas sector, a significant gas gathering and processing plant has become available for purchase as a part of a court-ordered asset disposition. Tiger Group and Liquidity Services are actively accepting offers for this facility, which previously operated under El Dorado Oil & Gas, Inc., and is strategically located near the productive Eagle Ford Shale in South Texas.
Details of the Plant
This gas processing plant, situated in DeWitt County, features multiple operational capabilities that present strong opportunities for midstream companies. It is not just an asset; it is a fully working plant with immediate availability for inspection, making it appealing for potential buyers looking to enhance their operational capacities. Chad Farrell, the Managing Director at Tiger Commercial & Industrial, highlighted the attractiveness of this facility, stating, "This asset represents a strong opportunity for companies with existing or prospective South Texas operations."
Specifications and Capacity
Located a mile northwest of Nordheim, the plant offers advanced processing components, including a slug catcher, H2S treating facility, dehydration systems, and metering. The configuration supports peak gas production of up to 60 million standard cubic feet per day (MMscf/d) and oil production of 4,500 barrels per day. This plant not only operates efficiently but also utilizes an innovative approach to gas compression, managing various processing needs seamlessly.
Available Equipment
Potential buyers will find a well-equipped facility with detailed specifications such as:
- Slug catcher designed for 100 MMscf/d and 5,000 barrels of liquid per day.
- Four dehydrator units capable of 15 MMscf/d each.
- A vapor recovery unit and various storage solutions, including two LACT units and 5,000 barrel NGL tanks.
- Advanced security features, including electric gates and LED lighting.
Market Context and Opportunities
With El Dorado's recent Chapter 11 filing, their diverse range of operational equipment spanning across several states is being consolidated under this sale. As they restructure, this is an opportune moment for companies looking to expand their footprint in the oil and gas industry to consider this facility. The asset's location and operational capabilities provide a foundation for enhanced productivity in the region.
About the Companies Involved
Tiger Group is known for its expertise in asset valuation and advisory services, boasting over four decades of industry experience. They assist a wide range of clients in unlocking asset values efficiently. On the other hand, Liquidity Services operates the world's largest B2B e-commerce marketplace for surplus assets, emphasizing sustainability by aiding clients in maximizing the lifespan of their assets while minimizing waste.
Frequently Asked Questions
What is the current status of the gas processing plant?
The gas processing plant is available for purchase through a court-ordered asset sale, currently accepting offers.
Who operated the gas processing plant prior to its sale?
The plant was previously operated by El Dorado Oil & Gas, Inc.
What are the operational capabilities of the plant?
The plant can process up to 60 million standard cubic feet of gas per day and handle 4,500 barrels of oil daily.
What related companies are involved in the sale?
Tiger Group and Liquidity Services are the primary companies facilitating the sale of the gas processing plant.
Where is the plant located?
The facility is located in DeWitt County, Texas, near Nordheim.
