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Enterprise will also build a 75-mile, 12-inch NGL pipeline to transport NGLs from the South Eddy plant to the company's Hobbs NGL fractionation and storage facility in Gaines County, TX.
Field in Gaines County, TX for $2,375,000; Forest Oil/Maynard Oil -- Von Roeder Field in Borden County, TX for $500,000; Louisiana Energy -- Malo Domingo Field in Karnes County, TX for $600,000; GPC Oil & Gas -- Baker Field in Live Oak County, TX for $575,000.
The acquisition is comprised of 142 wells (100 percent operated) producing primarily from the Yates, Seven Rivers, Queen and Morrow formations in Lea and Eddy Counties, NM, and Winkler County Texas; and the Clear Fork and Wichita Albany formations in Gaines County, TX.
Volumes from the Rockies, Permian Basin and Midcontinent will be delivered to the TEP system using Enterprise's existing Mid-America Pipeline (MAPL) assets between the Conway hub and Enterprise's Hobbs NGL fractionation facility in Gaines County, TX.
Finley Resources is offering for sale their interests in certain producing properties in the Tex-Sin Field located in Gaines County, TX in a single divestment package.
Kinney Prospect area in Gaines County, TX, at a cost of $847,500.
4 percent interest in the Seminole Gas Processing Plant in Gaines County, TX, which is operated by Amerada Hess.