WhiteWater, Enbridge, MPLX and Oneok move forward with Eiger Express Pipeline

WhiteWater announced that WhiteWater, MPLX (MPLX), ONEOK (OKE) and Enbridge (ENB), through their Matterhorn joint venture, have partnered with affiliates of ONEOK and MPLX and reached final investment decision to move forward with the construction of the Eiger Express Pipeline, having secured sufficient firm transportation agreements with primarily investment grade shippers. The Eiger Express Pipeline is designed to transport up to 2.5 billion cubic feet per day of natural gas through approximately 450 miles of 42-inch pipeline from the Permian Basin in West Texas to the Katy area. The Eiger Express Pipeline is a joint venture owned 70% by the Matterhorn JV, 15% by ONEOK, and 15% by MPLX. ONEOK’s and MPLX’s direct ownership interests in the Eiger Express Pipeline joint venture are incremental to their ownership through the Matterhorn JV, resulting in 25.5% and 22% ownership in the pipeline, respectively. The Eiger Express Pipeline will be constructed and operated by WhiteWater and is expected to be in service in mid-2028, pending the receipt of customary regulatory and other approvals.