NEP Midstream & Royalties Increases its Permian Basin Pipeline Holdings for its Strategic Pipeline Income Fund
DALLAS, TX, July 22, 2019 – NEP Midstream & Royalties has increased its oil and gas pipeline holdings for its Strategic Pipeline Income Fund within Howard and Martin counties. NEP Midstream & Royalties has purchased various royalty interests and affiliated pipeline infrastructure.
The various interests located in Howard County, Texas are operated by XTO Energy. The pipelines have a combined average of 2,993 BOPD and 2,873 MCFD.
The various Interests located in Martin County, Texas are operated by Encana Energy. The pipelines have a combined average of 2,187 BOPD and 7,656 MCFD.
NEP Midstream & Royalties believes that over the next decade the return on investment for U.S. oil and natural gas assets will continue to outperform traditional asset classes with additional in-house investments made over the next several years.