News Release www.PriorityPower.net Midland / Odessa Dallas / Fort Worth Houston Abilene
Energy Information Management Energy Supply Management Energy Demand Management Energy Infrastructure Solutions
Priority Power Management Completes High Voltage Substation in the Permian Basin for Endeavor Energy Resources 25 MVA EHV substation delivers needed electrical capacity for oil and gas production in the Midland Basin.
Members of the Endeavor Energy Resources and Priority Power Management team at the new Endeavor Bryant Ranch EHV Substation serving oil and gas production in the Midland Basin.
MIDLAND and ARLINGTON, TX – August 24, 2016 – Priority Power Management, LLC (“PPM”), a Texas-based leading independent energy management and consulting services firm, announced today that it has successfully completed the development and energization of a new electrical high voltage (“EHV”) substation for Endeavor Energy Resources LP (“Endeavor”) south of Midland, Texas. The new substation will provide the needed electrical capacity Endeavor requires to power its ever-growing production in the Midland Basin. PPM has been providing energy supply-side and risk management services to Endeavor since 2001. In early 2015, through its normal planning process of working with Endeavor to forecast future electrical loads, it was determined that Endeavor’s future electrical demand requirements exceeded the available capacity of the local electric utility. PPM developed and analyzed several scenarios to achieve Endeavor’s production goals, which included having the utility upgrade their facilities or Endeavor constructing their own EHV substation. Ultimately, Endeavor elected to pursue the latter, and to construct their own EHV substation.
In July 2015, Endeavor expanded PPM’s services to provide full turnkey engineering, procurement and construction (“EPC”) services to deliver the EHV substation project. PPM designed and constructed a 25 MVA 138 kV/25 kV EHV substation with an initial single substation transformer and an empty transformer bay ready to accept a second transformer at a later date to accommodate further load growth. While PPM completed the design and construction of the EHV substation in April 2016 under an aggressive 10-month schedule, it was not until this week that the utility completed their facilities to allow for the EHV substation to be energized. “We have trusted in Priority Power Management for a long time, and when it came time to make a decision of investing in the construction of a substation, we knew that they would take care of us and look after our best interests,” said Robert Booth, Vice President of Operations for Endeavor. “The fact that they were able to complete the substation well ahead of schedule and under budget is a testament to their expertise and focus on their customer.” “We are extremely pleased to have expanded our relationship with Endeavor to provide critical energy infrastructure services,” said John Bick, managing principal of PPM. “By working closely with the entire team at Endeavor, we were able to accomplish the goals and objectives that were set before us in this project”. About Priority Power Management Priority Power Management, LLC (www.PriorityPower.net) is a leading Texas-based independent energy management and consulting services firm to large commercial, industrial and government customers. Priority Power Management provides unbiased and objective energy management services in the areas of energy information, supply and risk management, demand-side management and energy infrastructure solutions. Since its establishment in 2001, Priority Power Management has grown to procure and manage approximately $1 billion of annual energy spend on behalf of clients from its offices in Midland/Odessa, Dallas/Fort Worth, Houston and Abilene. About Endeavor Energy Resources Endeavor Energy Resources LP (www.endeavorenergylp.com) is a private exploration and production company with a highly strategic and desired asset base in the Permian Basin that would be extremely difficult to duplicate in today’s market. Endeavor will continue to focus on developing its current assets within the Permian Basin. This is a systematic approach that relies on the proven strength and capability of Endeavor’s employees and management. Contact Information: Priority Power Management, LLC John J. Bick Managing Principal T (972) 314-9040
[email protected] Endeavor Energy Resources LP Robert Booth Vice President, Operations (432) 262-4249
[email protected]
