NGL Energy Partners Announces Major Expansion of Lea County Express Pipeline, Boosts Water Disposal Capacity with New 27-Mile Pipeline
Portfolio Pulse from Benzinga Newsdesk
NGL Energy Partners LP (NYSE:NGL) announced the expansion of its Lea County Express Pipeline System, increasing capacity from 140,000 to 340,000 barrels of water per day by 2024. The LEX II Expansion includes a new 27-mile pipeline and additional facilities, supported by a contract with an investment grade oil and gas producer.

January 22, 2024 | 11:33 am
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NGL Energy Partners LP is expanding its Lea County Express Pipeline, which is expected to significantly enhance its water disposal capacity and service capabilities in the Delaware Basin.
The expansion of the Lea County Express Pipeline System is a significant development for NGL Energy Partners, likely to increase its operational capacity and revenue potential. The project is backed by a minimum volume commitment contract, which provides a level of revenue certainty. This positive development is expected to be viewed favorably by investors, potentially leading to a short-term increase in NGL's stock price.
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