Outrigger Energy II Announces Completion of its Williston Basin Midstream Facilities

DENVER--(BUSINESS WIRE)--Outrigger Energy II LLC (“Outrigger”) announced today that it has completed construction of its Williston Basin midstream facilities project in Williams County, ND. The assets consist of the Bill Sanderson Gas Processing Plant, a 250 MMcfd cryogenic gas processing plant located west of Williston, ND, and an 80-mile, 20 and 24-inch diameter, rich gas gathering system originating in eastern Williams County and terminating at the Bill Sanderson Plant. The high efficiency plant features ethane recovery and rejection capabilities with direct market access to the Northern Border Pipeline system for residue gas and the ONEOK NGL pipeline system for natural gas liquids. The assets are anchored by a long-term gas gathering and processing agreement with XTO Energy, Inc. (“XTO”), a wholly owned subsidiary of ExxonMobil. The gathering system can transport over 450 MMcfd of raw gas volumes and Outrigger plans to expand the plant’s capacity based on producer needs.

Dave Keanini, Outrigger’s CEO, stated, “We are exceptionally proud of our team who worked diligently within a very ambitious schedule and were able to successfully execute the project, even through the COVID-19 global pandemic. We delivered the project on time – in less than eight months from groundbreaking – for our anchor customer and under budget for our investors. The high-capacity state-of-the-art facilities will assist XTO with the execution of its development plans. While Williston Basin activity levels clearly slowed due to the 2020 crude oil pricing and COVID-19 environments, we are seeing substantial interest from producers to accommodate future drilling plans as crude oil prices near sustainable levels for the Basin. Our assets are perfectly situated to provide producers with a competitive midstream option for both new development and volumes that are currently flaring due to infrastructure constraints.”

About Outrigger Energy II

Outrigger Energy II LLC is a private, full service midstream energy company specializing in greenfield project development with a current focus on liquids-rich natural gas and crude oil infrastructure in the Williston Basin of North Dakota and DJ Basin of Colorado and Wyoming. Outrigger is supported by equity commitments from an investment fund sponsored by NGP Energy Capital Management, LLC and an entity affiliated with Brion G. Wise. For more information, please visit www.outriggerenergy.com.

About NGP Energy Capital Management, LLC (“NGP”)

Founded in 1988, NGP is a premier investment franchise in the energy industry, with over $20 billion in cumulative equity commitments, organized to make investments in the energy and natural resources sectors. For more information visit www.ngpenergycapital.com.