Lucid Teams Up with Exxon in Permian
Lucid Energy Group entered into a new long-term natural gas gathering and processing agreement with Exxon Mobil Corp. subsidiary XTO Energy Inc., Lucid announced Tuesday.
Per the agreement, XTO will deliver natural gas production from southeastern New Mexico to Lucid’s South Carlsbad gas gathering and processing system. The agreement also enables gas and natural gas liquids deliveries to Exxon’s downstream and chemical manufacturing sites on the U.S. Gulf Coast.
“We have continued to grow our relationship with XTO in the northern Delaware Basin since its entry into New Mexico,” Lucid CEO Mike Latchem said in a company statement. “Lucid’s assets are strategically positioned for XTO’s development plans and complement what its affiliates are planning for midstream infrastructure within the basin and out of the basin to the downstream markets.”
Currently, Lucid’s system in the northern Delaware Basin encompasses more than 2,000 miles of pipeline spanning five counties in Texas and New Mexico.
Lucid Energy Group is the largest privately held natural gas processor in the Delaware Basin offering a full range of gas midstream services.
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