Eagle Rock Energy Partners, L.P. (Nasdaq:EROC) successfully restarted its Phoenix-Arrington Ranch Plant in Hemphill County, Texas, serving the prolific Granite Wash play.
On April 30, 2012, the Partnership reported an incident at its Phoenix-Arrington Ranch Plant. Following the incident, inlet natural gas volumes into the plant were shut-in. As and where possible, the Partnership has successfully diverted volumes to other Eagle Rock or third party processing facilities. Shut-in and diverted volumes will be restored to the Phoenix-Arrington Ranch Plant as expeditiously as possible. The Partnership estimates the financial impact of the plant downtime to be approximately $2 to $3 million in Adjusted EBITDA before the benefit of any insurance recoveries.
With the re-start of the Phoenix-Arrington Ranch Plant and the recently announced startup of its Woodall Plant, also in Hemphill County, Eagle Rock has approximately 190 million cubic feet per day of high efficiency cryogenic processing capacity serving the Granite Wash play.
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