Eco-Energy has acquired Stone Mountain gathering pipeline system, Stone Mountain processing facility and the Stone Mountain rail terminal. The assets had been owned by Continuum Energy Services for more than 10 years. Financial terms were not disclosed.
The Stone Mountain gathering system is made of up more than 600 miles of gathering pipelines that span Kentucky, Tennessee and Virginia. The system has a design capacity for 60,000 Mcf/d and collects gas from over 800 wells, which supply the cryogenic processing facility before interconnecting with the East Tennessee pipeline. The East Tennessee interconnect provides a significant uplift in value to the surrounding production.
The Stone Mountain cryogenic processing plant has capacity of 25,000 Mcf/d with a pipeline connection to the Stone Mountain liquids terminal. The liquids terminal is designed to handle y-grade, propane and butane and has 24 railcar spots with access to the Norfolk Southern railroad and three truck bays to supply the local market with these premium products.
