Enterprise and Occidental Petroleum Begin Service at Delaware Basin Gas Processing Facility
August 03 2016 - 3:00PM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced
that operations have begun at a new cryogenic natural gas
processing plant in Reeves County, Texas jointly developed with an
affiliate of Occidental Petroleum Corporation (NYSE:OXY). The plant
is owned by Delaware Basin Gas Processing LLC (“DBGP”), a company
in which Enterprise and Occidental each hold a 50-percent interest.
Enterprise will serve as the operator of the new facility.
The new DBGP plant has a capacity of 150 million cubic feet per
day (“MMcf/d”) and can extract in excess of 22,000 barrels per day
of natural gas liquids (“NGL”). Supported by long-term contracts,
the plant is designed to accommodate the growing production of
NGL-rich natural gas from the Delaware Basin.
In conjunction with the DBGP plant, Enterprise has completed
construction of an 82-mile, 12-inch diameter NGL pipeline that
connects to its Chaparral Pipeline, providing customers with access
to the company’s fractionation and storage complex in Mont Belvieu,
Texas. The partnership’s Texas Intrastate pipeline system will
provide natural gas transportation services at the tailgate of the
plant with access to multiple 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” 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160803006529/en/
Enterprise Products Partners L.P.Randy Burkhalter, (713)
381-6812Investor RelationsorRick Rainey, (713) 381-3635Media
Relations
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