Axip Energy Services, LP Enters Agreement To Build, Own And Operate Compression and Dehydration Station For EdgeMarc Energy Holdings, L.L.C.
Houston, TX (July 1, 2014) – Axip Energy Services, LP (Axip) is pleased to announce that the company’s Producer Services division has entered into a 12-year agreement under which it will construct and operate a natural gas compression and dehydration station for EdgeMarc Energy Holdings, L.L.C. (EdgeMarc). Under the agreement, Axip will build, own and operate a facility in Butler County, Pennsylvania to compress and dehydrate EdgeMarc’s natural gas production from the Marcellus shale in the area. The facility is expected to commence operations in the fourth quarter of 2014, and will grow to a volume capacity of 225 million standard cubic feet per day.
Axip’s Producer Services division works closely with exploration and production companies to design, develop and operate facilities that meet the highest standards of safety, reliability and economic performance. “We are very excited about the opportunity to enter into a long-term relationship with EdgeMarc, a leading producer in one of the nation’s most prolific shale plays,” said Kevin Lawlor, Vice President of Engineering for Axip’s Producer Services division. “Our experienced Producer Services team, world-class field service technicians, and extensive compression fleet will allow Axip to deliver the station quickly and cost effectively, while ensuring optimal production rates and safe, reliable operations over the life of the facility,” noted Lawlor.
Axip Energy Services provides contract compression and full gathering, processing and treating facilities for upstream and midstream oil and gas operators. Axip operates a domestic compression fleet of over 500,000 horsepower, deployed throughout the most active oil and gas basins in the United States and Gulf of Mexico shelf. Axip focuses on safely providing reliable and flexible services, and is proud to have a 2015 year-to-date TRIR (total recordable injury rate) of 0.0.
EdgeMarc is an exploration and production company headquartered in Canonsburg, Pennsylvania. Formed in December 2011, EdgeMarc is currently appraising and developing stacked pay opportunities in both Pennsylvania and Ohio. Website: www.edgemarcenergy.com.