WhiteWater-Led JV Approves 4.5 Bcf/d Solitude Pipeline to Katy
Updated
Updated · The Motley Fool · Aug 17
WhiteWater-Led JV Approves 4.5 Bcf/d Solitude Pipeline to Katy
3 articles · Updated · The Motley Fool · Aug 17
Summary
WhiteWater and partners took final investment decision on the two-phase Solitude system, which will move Permian gas to Katy with 2.25 Bcf/d starting in late 2029 and another 2.25 Bcf/d in 2030.
Long-term firm transportation deals with investment-grade shippers underpinned the project, aimed at easing chronic Permian takeaway shortages that have left Waha gas prices volatile and at times negative.
WhiteWater will own 50% of the venture, Devon 25%, MPLX 10%, and Diamondback and Western Midstream 7.5% each; Western also booked firm capacity to support its customers.
The new route gives producers better access to Gulf Coast demand centers, including LNG export terminals, while offering MPLX and Western a lower-risk source of cash-flow growth later this decade.