Harvest Midstream Co., an affiliate of Hilcorp Energy Co., has acquired the Four Corners Area assets from Williams Partners for $1.125 billion.
“This is an important investment for Harvest and part of our continued commitment to the Four Corners region. We believe this will be a significant economic benefit for the community,” said Jason Rebrook, CEO of Harvest Midstream Co. “Our focus is on becoming the premier midstream services provider in the San Juan by reliably serving all of our customers.”
The system encompasses more than 3,700 miles of pipeline, two gas processing plants, and one CO2 treating facility in the counties of San Juan and Rio Arriba in New Mexico, and La Plata in Colorado. It has an inlet gathering capacity of 1.8 billion cubic feet of gas per day.
The parties to this transaction expect to complete the sale of these assets within the next few months pending various regulatory approvals.
