Regency Energy (RGNC) Announces $450M Eagle Ford Expansion
Regency Energy Partners LP (Nasdaq: RGNC) reports that it plans on spending $450 million to provide gas and condensate gathering services for a producer in the Eagle Ford Shale.
he EF Expansion will be owned and operated by Regency and will tie into Regency’s existing gathering system. In addition, Regency has purchased certain existing midstream assets located in the Eagle Ford Shale that will be owned and operated by Regency as part of the EF Expansion.
Upon completion, Regency’s entire south Texas system will be capable of gathering, compressing, treating and transporting up to 1 Bcf/d of natural gas and 26,500 Bbls/d of condensate to downstream outlets.
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he EF Expansion will be owned and operated by Regency and will tie into Regency’s existing gathering system. In addition, Regency has purchased certain existing midstream assets located in the Eagle Ford Shale that will be owned and operated by Regency as part of the EF Expansion.
Upon completion, Regency’s entire south Texas system will be capable of gathering, compressing, treating and transporting up to 1 Bcf/d of natural gas and 26,500 Bbls/d of condensate to downstream outlets.
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