Enterprise Begins Open Season for Proposed Expansion of Panola NGL Pipeline System
December 15 2014 - 12:34PM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced the
start of a binding open season to seek shipper support for a
proposed expansion of the portion of its Panola Pipeline Company,
LLC natural gas liquids (“NGL”) system between Carthage, Texas and
Mont Belvieu, Texas. The project is designed to support Haynesville
and Cotton Valley oil and gas producers by providing enhanced
access to the world’s largest NGL fractionation complex, located in
Mont Belvieu. Originating near Carthage in Panola County, the NGL
pipeline system extends 181 miles, serving multiple destination
points at Mont Belvieu, including facilities owned and operated by
Enterprise.
Depending on shipper response to the open season, the Panola
expansion project would be designed to accommodate approximately
50,000 barrels per day (“BPD”) of incremental capacity. Achieving
the additional capacity would involve installing additional pipe,
pumps and related equipment. The additional capacity is expected to
be available in the first quarter of 2016.
The open commitment period begins today at noon CST and will
close on Friday, January 16, 2015 at 5 p.m. CST. For commercial
inquiries or additional information related to the open commitment
period, please contact Chad Aldrich at (713) 381-6427 or
cjaldrich@eprod.com.
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and import and export terminals; crude oil and refined
products transportation, storage and terminals; offshore production
platforms; petrochemical transportation and services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems and in the Gulf of
Mexico. Additional information regarding Enterprise can be found on
its website, www.enterpriseproducts.com.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
Enterprise Products Partners L.P.Randy Burkhalter, (713)
381-6812Investor RelationsorRick Rainey, (713) 381-3635Media
Relations
Enterprise Products Part... (NYSE:EPD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Enterprise Products Part... (NYSE:EPD)
Historical Stock Chart
From Sep 2023 to Sep 2024