ARM Midstream and HPS Investment Partners Announce Additional Expansion of Kingfisher Midstream System
Company delivers value to additional STACK producers via Western Expansion project and incremental residue gas takeaway
HOUSTON, Dec. 21, 2016 /PRNewswire/ — ARM Energy (“ARM”), a wholly-owned subsidiary of Asset Risk Management, and HPS Investment Partners, LLC (“HPS”), a leading global investment firm, today announced that Kingfisher Midstream (“KFM”), a natural gas gathering and processing system and crude oil gathering system in Oklahoma’s STACK play, is expanding from its original footprint in Kingfisher County into Blaine and Major County. KFM has also secured incremental residue gas takeaway to markets outside the state of Oklahoma. In recent months, the increased drilling activity in the STACK and SCOOP regions have caused residue gas takeaway markets to tighten significantly.