Castleton Commodities International LLC (“CCI” or the “Company”) announced that a subsidiary has acquired a gas processing facility in Kirtland, New Mexico (the “San Juan Plant”) and approximately 225 miles of gathering pipelines from a wholly owned subsidiary of Anadarko Petroleum Corporation.
The San Juan Plant has a capacity of 75 Mmcf/d and is able to process sour gas that is high in sulfur as well as recover natural gas liquids through its 20 Mmcf/d cryogenic processing unit. Approximately 150 of its 225 miles of gathering pipelines connect into CCI’s existing Lisbon gas plant.
“We are pleased to add the San Juan Plant to our growing portfolio of energy assets and expand our footprint in the Four Corners area,” said Brad Burmaster, Vice President of Midstream Operations. “The San Juan acquisition is a logical expansion of CCI's existing upstream and midstream assets in Colorado, Utah and New Mexico.”
Jones Day served as legal counsel to CCI in the transaction.
About Castleton Commodities International LLC
CCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power and coal and financial instruments related to commodities. CCI is headquartered in Stamford, CT with offices in Houston, Texas, and Denver, Colorado, as well as foreign affiliate offices in Calgary, Canada; Geneva, Switzerland; Shanghai, China; Singapore; and Uruguay.
For further information, please contact:
Vice President, Investor Relations
Castleton Commodities International LLC
Tel: (203) 564-8332
May 1, 2014