Navigator, in partnership with BlackRock Real Assets, closed on its purchase of 100% of GMP in December of 2017. GMP is an approximately 250-mile, multi-play crude oil transportation system located in the STACK/Merge, Granite Wash and Mississippi Lime plays, delivering crude oil to a one million-barrel GMP-owned storage facility at Cushing, Oklahoma.
In support of the significant volume growth within the STACK/Merge and Woodford resources plays, Navigator plans to expand the footprint and overall capacity of the GMP system. Working with producer partners, substantial new gathering infrastructure is also anticipated. The considerable scale of the existing GMP system and its ability to segregate multiple grades of crude allows Navigator to offer customers a fulsome, differentiated suite of services to transport and store crude oil.