LM Energy Holdings to expand New Mexico gas pipeline system
(UI) – LM Energy Holdings, LLC has entered into definitive long-term agreements with multiple top-tier producer customers to support significant expansions of its natural gas pipeline systems in Eddy and Lea counties, New Mexico.
LM has begun constructing multiple new compressor stations and approximately 70 miles of new, large-diameter, low-and-high-pressure gas pipelines, including a 27-mile, 20-inch high-pressure pipeline that will connect the company’s existing Touchdown gas gathering system to multiple gas processing facilities near Loving, New Mexico.
The new high-pressure pipeline will provide over 300 MMcfd of critical delivery capacity out of the North Carlsbad area. Upon completion of the planned expansion projects, which will enter service throughout the second half of 2024 and the first half of 2025, LM’s systems will consist of 10 compressor stations and 150 miles of gas gathering pipelines with a total capacity of approximately 500 MMcfd.
“The successful commercialization of these growth projects with multiple blue-chip customers is a testament to the strategic positioning of our assets and our relentless focus on customer service,” said Elliot Gerson, Chief Executive Officer at LM. “Upon completion, our system will provide our customers with much-needed flow assurance and unlock their plans to aggressively develop this extremely high-quality acreage.”
LM Energy Holdings, LLC is a midstream oil and gas company based in Dallas, Texas.
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