Enterprise Begins Service at Natural Gas Processing Plant in the Delaware Basin
May 03 2016 - 8:45AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced the
start of commercial operations at the company’s new cryogenic
natural gas processing facility in Eddy County, New Mexico. The
South Eddy plant, which is supported by long-term, fee-based
agreements, has a nameplate capacity of 200 million cubic feet per
day (“MMcf/d”) of natural gas processing and is capable of
extracting up to 25,000 barrels per day of natural gas liquids
(“NGL”). The start-up of the South Eddy plant provides Enterprise’s
customers with immediate incremental value. Prior to start-up, much
of the natural gas being processed at the plant was flared,
shut-in, or blended into a residue pipeline with no NGL
upgrade.
“The South Eddy Plant is a key component of our overall strategy
to double Enterprise’s natural gas processing capacity in the
Delaware Basin during 2016,” said A.J. “Jim” Teague, chief
executive officer of Enterprise’s general partner. “A second
cryogenic processing facility we are developing as part of our
joint venture at Waha is scheduled to begin service in the third
quarter of 2016 and will add another 150 MMcf/d of incremental
capacity.”
In association with the plant’s construction, Enterprise
constructed approximately 90 miles of high-pressure gathering lines
to supply the South Eddy plant. Additionally, the partnership
completed a 71-mile extension of its Mid-America Pipeline system
that provides Delaware Basin producers with NGL takeaway capacity
and direct access to Enterprise’s integrated network of NGL
assets.
Teague added, “Despite the decrease in rig count nationwide, the
Delaware Basin remains very active. With production expected to
continue to grow, we are committed to capitalizing on the increased
opportunities for midstream services. The additional processing
capacity, combined with the connectivity of our integrated
midstream network, will provide Delaware Basin producers with
unmatched access to the NGL fractionation and storage hub at Mont
Belvieu, Texas, as well as attractive domestic and international
markets.”
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 gathering,
transportation, storage and terminals; petrochemical and refined
products transportation, storage and terminals; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 49,000 miles of pipelines; 250 million
barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity.
This press release includes forward-looking statements. Except
for the historical information contained herein, the matters
discussed in this press release are forward-looking statements that
involve certain risks and uncertainties, such as the partnership’s
expectations regarding future results, capital expenditures,
project completions, liquidity and financial market conditions.
These risks and uncertainties include, among other things,
insufficient cash from operations, adverse market conditions,
governmental regulations and other factors discussed in
Enterprise’s filings with the U.S. Securities and Exchange
Commission. If any of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results or
outcomes may vary materially from those expected. The partnership
disclaims any intention or obligation to update publicly or reverse
such statements, whether as a result of new information, future
events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160503006149/en/
Enterprise Products Partners L.P.Randy Burkhalter, 713-381-6812
or 866-230-0745Investor RelationsorRick Rainey, 713-381-3635Media
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