Enterprise Products (EPD), Enbridge (EEP), and Anadarko (APC) Enter NGL Pipeline Development Partnership in Texas
Tweet
Share
E-mail
Up)
Enterprise Products Partners L.P. (NYSE: EPD), Enbridge Energy Partners, L.P., (NYSE: EEP) and Anadarko Petroleum Corporation (NYSE: APC) have entered an agreement to design and construct a new natural gas liquids (NGL) pipeline that will originate from Skellytown, Texas in Carson County and extend approximately 580 miles to NGL fractionation and storage facilities in Mont Belvieu, Texas.
The new Texas Express Pipeline will help producers in West and Central Texas, the Rocky Mountains, Southern Oklahoma and the Mid-continent maximize the value of their natural gas production by providing additional takeaway capacity and enhanced access to the Gulf Coast NGL market. Initial capacity on TEP will be approximately 280,000 barrels per day (BPD), which can be readily expanded to approximately 400,000 BPD. The joint venture will include two new NGL gathering systems. The first will connect TEP to natural gas processing plants in the Anadarko/Granite Wash production area located in the Texas Panhandle and Western Oklahoma.
The new Texas Express Pipeline will help producers in West and Central Texas, the Rocky Mountains, Southern Oklahoma and the Mid-continent maximize the value of their natural gas production by providing additional takeaway capacity and enhanced access to the Gulf Coast NGL market. Initial capacity on TEP will be approximately 280,000 barrels per day (BPD), which can be readily expanded to approximately 400,000 BPD. The joint venture will include two new NGL gathering systems. The first will connect TEP to natural gas processing plants in the Anadarko/Granite Wash production area located in the Texas Panhandle and Western Oklahoma.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nanometrics (NANO) Issues Business Update, Reports FY23 Results
- Katapult Holdings (KPLT) Announces Resignation of Chief Accounting Officer
- Tutor Perini (TPC) Awarded Three Projects in Diego Garcia Totaling $54.5 Million
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
