First Reserve, Crestwood to build Orla Express Pipeline.

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Crestwood Equity Partners LP and First Reserve announced Crestwood Permian Basin Holdings LLC, a joint venture focused on developing, owning and operating midstream infrastructure in the Delaware Basin, agreed to acquire Crestwood's Willow Lake gathering and processing assets in Eddy County, NM. The companies said the joint venture approved construction of a 200 MMcf/d cryogenic gas processing plant near Orla, TX and associated pipeline infrastructure required to connect the Willow Lake system to the plant.

The initial project scope will include the Orla Express Pipeline, a 33-mile, 20-inch high-pressure line connecting the existing Willow...

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