- Sanchez Midstream Partners (SN, SNMP) says it is expanding its 50/50 midstream joint venture with Targa Resources (TRGP) in south Texas.
- In addition to owning the high pressure Carnero gathering line and Raptor gas processing facility, the Carnero JV acquires TRGP’s 200M cf/day Silver Oak II gas processing plant, which expands the JV's processing capacity to 460M cf/day from 260M cf/day.
- While SNMP sees the new, expanded JV as "a key step in positioning the partnership for continued growth in south Texas," it does not anticipate a material impact on its FY 2018 forecast released last week.