Durango Midstream has secured underwritten commitments from Wells Fargo Bank, National Association-led syndicate of commercial banks, to support its Kings Landing Gas Gathering and Processing Development project in Eddy County, New Mexico. The project involves expanding Durango’s existing natural gas gathering and processing supersystem in the Permian Basin. The first phase of the project will have 200 million cubic feet per day (MMcf/d) of nameplate natural gas processing capacity, with a maximum 225MMcF/d of processing capacity. The second phase will see the addition of a new plant increasing nameplate processing capacity to up to 450 MMcf per day. Once completed, the project is expected to improve Durango’s access to multiple markets for natural gas and natural gas liquids production.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
