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WhiteWater-Led Gas Pipeline JV to Proceed After Positive Investment Decision

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WhiteWater, Devon Energy (DVN), MPLX (MPLX), Diamondback Energy (FANG) and Western Midstream Partners (WES) have made a final decision to invest in their Solitude Pipeline project consisting of two 48-inch natural gas pipelines from the Permian Basin to Katy, Texas, WhiteWater said on Monday.

Western Midstream released a separate statement on Monday about its decision to join the project.

The project has now got long-term firm transportation agreements in place with investment-grade shippers, WhiteWater's statement said.

The partners expect the project to bring scalable, long-haul natural gas transportation to support growth in the Permian Basin and to meet expanding consumption on the Gulf Coast.

The pipeline will be have a flexible, modular design offering a capacity of 2.25 billion cubic feet per day from H2 2029, with that same capacity added again the next year. Further expansion from the resulting 4.5 billion Bcf/d will be possible thereafter according to market conditions.

Austin,Texas-based gas asset operator WhiteWater owns 50% of the joint venture, Devon Energy 25%, MPLX 10% and Diamondback Energy, 7.5%.

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