Valiant Midstream secures stack play acreage

Valiant Midstream LLC has entered into a long-term, fee-based natural gas gathering and processing agreement with Antioch Energy LLC. Antioch’s dedication of more than 275,000 gross acres brings Valiant Midstream’s total acreage commitments in the Arkoma Stack basin to 2.1M. Antioch’s production will be gathered and processed at Valiant Midstream’s Stanberry Processing Complex, a cryogenic processing facility located in Coal County, Oklahoma.

Within the acreage dedicated to Valiant Midstream, Antioch expects to continue development of three production benches in the fast-growing Arkoma Stack – the Woodford, Mayes and Caney formations in eastern Oklahoma. Antioch owns over 24,000 net contiguous acres in the core of the Arkoma Stack and operates 60 wells. The net resource potential recoverable in Antioch’s position is approximately 2 Tcf equivalent, with an inventory of 500-plus drilling locations.

As part of Valiant Midstream’s long-term Arkoma Stack growth strategy, the company will add capacity to accommodate the Antioch dedication. The first 220 MMcf/d of cryogenic processing capacity will be available at the company’s Stanberry plant near Coalgate,  Oklahoma, in November 2018. Additional capacity will become available in late 2019 and beyond, either through an expansion of the Stanberry facility or at a future Valiant Midstream plant site located near Atwood, Okla.

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