The pipeline will connect its gas production from the Roxanne field located in Victoria County, Texas, to a commercial pipeline.
The company’s current leasehold in the Roxanne field consists of about 640 acres and has one producing well and multiple drilling locations at various depths.
The Roxanne field, which includes an additional 2,000 targeted un-leased acres, is estimated to contain $35m in potential gross reserves.
The reserves are based upon the current price of oil and gas and assuming all wells are drilled and successful.
Bering vice president of Finance Steven Plumb said the project is another important part of the development of this prospect and will provide the company the access to begin marketing gas production.
"We expect to have this pipeline completed in the next 30 days at which time we will begin gas production, which should significantly enhance the value of Bering," added Plumb.
