Enable Midstream Pockets Monarch Gathering Assets in Texas Panhandle

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Oklahoma city-based Enable Midstream Partners, LP has completed acquisition of $80 million of strategic natural gas gathering assets in the Texas Panhandle from Monarch Natural Gas LLC.
  The assets are underpinned by long-term dedication of 35,000 net acres from a producer who is an Enable Midstream customer. The 88 miles of recently built gathering pipeline and 5,000 hp of associated compression will provide gathering services to the natural gas producer drilling in Lipscomb and Hemphill counties as well as other local producers.
  “This acquisition opens new opportunities for us to grow by extending our midstream services to several producers operating farther west in the Cleveland Sands Play where wells continue to provide attractive returns,” said Enable Midstream President and CEO Lynn Bourdon.