Laser’s natural gas gathering project is proposed to run 21 miles from Susquehanna County,
Pennsylvania, to the New York border, then another 9 miles within Broome County, New York to
where it interconnects with the Millennium interstate pipeline in the town of New Windsor.
The entire system will consist of approximately 178,000ft of 16″ diameter steel pipeline
with an additional 32,000ft of 12″ diameter or smaller steel pipeline laterals in Susquehanna
County. The current estimated construction cost of the project is approximately $50m.
Thomas Karam will be chairman and CEO of Laser and Michael Walsh will serve as CFO.
Also joining Karam and Walsh at Laser will be Vince Bonaddio as VP of Operations and Engineering
and Harry Dowling as VP of Governmental & Regulatory Relations.
DMP also holds the rights to construct and operate midstream infrastructure related to
certain acreage leased by Carrizo Oil and Gas in northeast Pennsylvania.
In October 2009, DMP acquired the Mansfield natural gas gathering and compression system,
located in Tarrant County, Texas from Carrizo Oil & Gas (Carrizo). The Mansfield System
has a current operating capacity of 70mmcf per day and can be expanded to 90mmcf per day
with additional compression.
