DENVER Bear Tracker Energy, LLC, a midstream energy company, announced today the signing of definitive agreements with a large U.S. independent oil and natural gas exploration and production company.
BTE will construct, own, operate and expand a natural gas gathering system, cryogenic processing plant with a name plate capacity of 20 million cubic feet per day (MMcf/d), compression and other related facilities in the Niobrara Shale in northern Colorado.
The associated natural gas production from 176 sections in Weld County, Colorado, will be dedicated to BTEs gathering system during the term of the agreement. Construction will commence in June of 2012 with operations estimated to start in the second quarter of 2013.
About Bear Tracker Energy
Bear Tracker Energy, LLC, headquartered in Denver, is a full service midstream energy company with a primary geographical focus in the Rocky Mountain region. The company currently has operations located in the Bakken area in North Dakota. The companys services include natural gas gathering, processing, compression, treating, fractionation, crude oil gathering and natural gas liquids marketing services. Bear Tracker Energy is a private company
backed by GSO Capital Partners. For more information,
or contact Kevin Collins, EVP & CFO at 303-626-8260.