Cardinal Midstream III is currently developing the Iron Horse System, a new natural gas gathering and processing system designed to serve producers working in Oklahoma’s SCOOP/STACK merge play. Located in Oklahoma’s Anadarko Basin, the liquids-rich play targets multiple benches within the Woodford and Mississippian pay zones, with upside from additional horizons.
Construction of the gathering system is underway, and Cardinal expects to commission the system’s first natural gas processing plant in the third quarter of 2018. The Iron Horse System is anchored by a long-term acreage dedication from Travis Peak Resources.
Cardinal III is also in discussions with other producers in the area to bring gas onto the Iron Horse System. Supported by a capital commitment of $250 million from EnCap Flatrock Midstream, Cardinal III is the third company the Cardinal management team has formed in partnership with EnCap Flatrock Midstream.