The Mitchell-Gomez assets are located in Pecos County, Texas, and include approximately 586 miles of 4″ to 16″ pipeline, 36,000 HP of compression and two treating facilities with a combined capacity of 350MMcfd. Services offered include wellhead gathering, compression, treating, and dehydration, with downstream intrastate market access via Oasis Pipeline and Enterprise Texas Pipeline.
Randy Hoover, president of Hoover Energy, said: “Hoover Energy was formed in May of 2008. After evaluating many opportunities, it is gratifying to acquire such a quality set of assets. We have built a tremendous management team and are pleased to have employed the majority of the personnel who have historically operated these assets.
“Our combined expertise in the Permian Basin, strong cash flow and capital support from Energy Spectrum will offer us an excellent opportunity to both optimize our existing asset base and expand further into the Permian Basin.”
