About Lucid energy group
Lucid Energy Group: The Leading Gas Processor in the Delaware Basin
Lucid Energy Group is a leading gas processing company that operates in the Delaware Basin and the Permian Basin. With over 1,000 miles of pipeline infrastructure and more than 2 billion cubic feet per day (Bcf/d) of processing capacity, Lucid Energy is one of the largest private processors in the region.
The company was founded in 2015 by a team of experienced energy professionals who saw an opportunity to create a new kind of midstream company that could provide reliable, cost-effective services to producers operating in some of the most prolific oil and gas plays in North America.
Today, Lucid Energy has grown into a major player in the industry, with operations spanning across New Mexico and West Texas. The company's focus on innovation, efficiency, and customer service has helped it build strong relationships with its customers while also driving growth for its shareholders.
Gas Processing Services
At its core, Lucid Energy is a gas processing company that specializes in extracting natural gas liquids (NGLs) from raw natural gas. The company's state-of-the-art facilities use advanced technologies to separate NGLs such as ethane, propane, butane, and natural gasoline from methane-rich natural gas streams.
These NGLs are then transported via pipeline to downstream markets where they are used as feedstocks for petrochemical plants or blended into transportation fuels. By providing this critical service to producers operating in the Delaware Basin and Permian Basin regions, Lucid Energy helps unlock value from these resources while also reducing emissions associated with flaring or venting excess natural gas.
Pipeline Infrastructure
In addition to its processing capabilities, Lucid Energy also owns and operates an extensive network of pipelines that transport both raw natural gas and NGLs throughout New Mexico and West Texas. This infrastructure includes gathering lines that connect wellheads to processing plants as well as transmission lines that transport processed NGLs to end-users across North America.
By owning this critical infrastructure outright rather than relying on third-party providers or public utilities for transportation services, Lucid Energy can offer more competitive pricing options while also ensuring greater reliability for its customers.
Environmental Stewardship
As an energy producer operating within sensitive ecosystems like those found throughout New Mexico's Chihuahuan Desert or West Texas' Permian Basin region; environmental stewardship is at the forefront of everything we do at Lucid Energy Group. We understand our responsibility towards preserving these unique habitats while still meeting our customers' needs for reliable energy supplies.
To achieve this balance between economic development and environmental protection; we have implemented several initiatives aimed at reducing our carbon footprint while improving operational efficiencies across all aspects of our business operations:
- Flare Reduction: We have invested heavily into flare reduction technologies which help us capture excess gases instead of releasing them into atmosphere.
- Water Conservation: Our water management program ensures responsible use & conservation practices.
- Emissions Reduction: We continuously monitor & improve upon emission reduction strategies through technology upgrades & process improvements.
- Community Engagement: We work closely with local communities where we operate by supporting various social programs & initiatives aimed at improving quality life standards.
Conclusion
In conclusion; if you're looking for a reliable partner who can help you extract maximum value from your oil &gas resources without compromising on environmental sustainability; look no further than Lucid Energy Group! With years experience under their belt coupled with cutting-edge technology solutions designed specifically around your needs - there really isn't anyone better suited than us when it comes down delivering results-driven solutions tailored just right fit your business requirements!
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