Enable Midstream Partners LP (NYSE: ENBL) has approved construction of an additional 200-million cubic feet per day (MMcf/d) of natural gas processing capacity that will be located near its Bradley Processing Plant to serve producers in the rich gas play called the South Central Oklahoma Oil Province (SCOOP).
The Bradley Plant is located in Grady County in central Okla., is currently under construction to provide 200 MMcf/d of processing capacity, and is expected to be in service during the first quarter of 2015.
Enable Midstream will invest in excess of $200 million for the project, including plant equipment, associated compression, and installation costs. This investment was anticipated in the capital guidance announced in Enable Midstream's second quarter 2014 earnings release. Other announced investments include the upgrades to the Cox City processing facility, construction of a second crude oil gathering pipeline in the Bakken region in North Dakota and construction of the Bradley Plant. Enable Midstream added approximately 500,000 gross acres of SCOOP-area dedicated acreage since Dec. 31, 2013.
The Enable Midstream super-header system currently has seven natural gas processing plants with 1.285 Bcf/d of processing capacity and the ability to serve producers in multiple plays in the Anadarko Basin. The processing super-header allows Enable Midstream to respond quickly to producers' capacity needs by utilizing available capacity while additional processing capacity is constructed.
Enable Midstream is based in Oklahoma City.
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