Blue Dolphin Sub Makes Handling Agreements, Earns Royalty Interest
Additionally, as a result of participation in development of the successfully drilled prospect, Blue Dolphin has earned an overriding royalty interest in the production. The company expects production and transportation services to commence later this month or by early April. Throughput volumes are not yet known.
The Blue Dolphin Pipeline system gathers and transports gas and condensate from various offshore fields in the Galveston Area in the Gulf of Mexico to shore facilities in Freeport, Texas. The company owns an 83% undivided interest in the system.
Blue Dolphin Energy is engaged in the gathering and transportation of natural gas and condensate and production of oil and gas in the Gulf of Mexico. For further information visit the company's website at http://www.blue-dolphin.com.
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