Start Up: Exxon’s XTO forms new Texas midstream biz, impact on Riverstone’s Lucid?

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[Context: On November 15, ExxonMobil’s XTO (NSYE:$XOM) received authorization for a new midstream subsidiary to begin operations in Texas, according to the Railroad Commission. Potential impact for existing midstream provider Riverstone-backed Lucid Energy? Further details and related links are below.]


Last July, XTO announced a long-term agreement with Lucid Energy, backed by Riverstone and the Merchant Banking Division of The Goldman Sachs Group in the Northern Delaware Basin in New Mexico. Lucid’s South Carlsbad system extends into Texas. Now XTO has filed to operate XTO Permian Midstream with Mitch Hossman, SVP of Midstream operations, as president. (See below)

Although XTO’s website is bereft of details on its own midstream assets, recent Texas state filings show XTO Energy secured a permit (#10052) to operate an intrastate crude pipeline in Pecos, Reeves, Ward and Winkler counties. In addition, construction reports show XTO has been growing in the Southern Delaware.

In November 2018, XTO filed permits to construct a 16-inch 47.2 mile Patriot Pipeline (NCR# 18-NC-187) to move crude oil transmission line in Pecos, Ward and Winkler Counties, Texas. It also filed to construct the 20-inch 12.3 miles Kriti-Rojo Interconnect (NCR #18-NC-188) pipeline in Pecos Co. for LP gas transmission, and filed again in August 2019 related to Kriti-Rojo (NCR# 19-NC-162).

Operator Number: 945937
Operator Name: XTO PERMIAN MIDSTREAM, LLC
Organization Status: Active
Organization Type: LIMITED LIAB COMPANY
Renewal Month: NOVEMBER
Location Address: 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
Mailing Address: 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
Organization Phone No.: (832) 624-4558
Emergency Phone No.: (832) 625-1111
Filing Fee Amount Paid: $750.00
Initial P-5 Filed Date: 11/15/2019
Last P-5 Filed Date: 11/15/2019
Gatherer Code:
Activity/Speciality Code(s):
Expiration Date:
P5 Inactive Date:
Financial Assurance Information
Option: OPTION-EXEMPT
Amount: $0
Type:
Agent Information
Name: Title: Mailing Address:
CORPORATION SERVICE COMPANY RESIDENT TEXAS AGENT DBA CSC LAYERS INC SERVICE CO 211 E 7TH ST STE 620 AUSTIN TX 78701 3218
Officer Information
Name: Title: Mailing Address:
HOSSMAN, JAMES “MITCH” PRESIDENT 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
CLOUTHIER, MARIE ANNE ASSISTANT SECRETARY 5959 LAS CALINAS BLVD IRVING TX 75038
RICE, ROBERT WOODS ASSISTANT TREASURER 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
MULLINS, CARMAN VICE PRESIDENT 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
XTO PERMIAN OPERATING, LLC MEMBER 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
KRAHULIK, WILLIAM JOSEPH ASSISTANT CONTROLLER 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
GRIFFIN, ANDREE VICE PRESIDENT 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
PHILLIPS, JANICE MICHELE SECRETARY 5959 LAS CALINAS BLVD IRVING TX 75038
HOOPER, DENENE MARIE CONTROLLER 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
GILROY, MICHAEL TREASURER 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389
JOHNSON, LYDIA VICE PRESIDENT 22777 SPRINGWOODS VILLAGE PKWY ATTN LAND MANAGER LOC 115 SPRING TX 77389