Tenawa Resource Management LLC Announced Today That It Has Executed a Long-Term Off-Take Agreement
HOUSTON, September 19, 2017 (Newswire.com) - Tenawa Resource Management LLC (“Tenawa”) announced today that it has executed a long-term off-take agreement with a major midstream company to provide up to 120,000 MMBtu of processing services for gas originating from the active STACK play in central Oklahoma. The gas will be processed at Tenawa’s 1.3 Bcfd gas processing complex in Haven, Kansas (the “Haven Plant”).
“We are very pleased to announce this significant commitment,” said Greg Ameringer, President of Tenawa. “The key to Tenawa securing this agreement was our large-scale and very efficient facility. The Haven Plant’s design allows us to provide attractive rates coupled with best in the industry plant efficiencies. Our Haven Plant provides the entire Midcontinent region access to industry-leading ethane rejection capabilities, as well as high ethane recoveries and low fuel usage.”
“This endeavor falls directly in line with our long-term strategic goals to optimize and grow our activities into the STACK, one of the most prolific and economic plays in North America,” said Robert Jernigan, Vice President of Commercial and Business Development. “This contract expands our portfolio from the Hugoton, Granite Wash, Cana and Mississippi Lime plays into the STACK.”
About Tenawa Resource Management
Based in Houston, Texas, Tenawa is a privately-held midstream company providing industry-leading service by committing to perform at the highest level of integrity, maintaining consistent and clear communication and providing reliable execution. Tenawa provides diversified services and the development of midstream energy infrastructure to handle crude oil, natural gas and natural gas liquids. For more information, please visit www.tenawa-rm.com or contact Robert Jernigan at rjernigan@tenawa-rm.com.
Source: Tenawa Resource Management LLC
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