Dallas-based Energy Transfer Partners LP (NYSE: ETP) has entered multiple long-term agreements with shippers to provide additional transportation services from the Eagle Ford shale in South Texas. To facilitate these agreements, ETP will construct a natural gas pipeline, a processing plant and additional facilities at an approximate cost of $300 million.
These projects will expand the partnership's extensive midstream infrastructure in the Eagle Ford, which includes the recently completed Dos Hermanas Pipeline and the Chisholm Pipeline that is scheduled for completion in the second quarter of 2011.
The 160-mile, 30-inch Rich Eagle Ford Mainline (REM) will have a capacity of 400 million cubic feet per day, with the ability to expand capacity to 800 million cubic feet per day. This rich gas gathering system, which is expected to be in service by the fourth quarter of 2011, will originate in Dimmitt County, Texas, and extend to the partnership's Chisholm Pipeline for ultimate deliveries to the partnership's existing processing plants and to a new 120,000 Mcf per day processing plant.
Recommended Reading
1Q24 Dividends Declared in the Week of April 29
2024-05-03 - With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Analyst Questions Kimmeridge’s Character, Ben Dell Responds
2024-05-02 - The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”
Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production
2024-05-02 - Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.
Zeta Energy Appoints Michael Everett as COO
2024-05-02 - Prior to joining Zeta Energy, a lithium-sulfur battery developer, Michael Everett previously served as president and COO at Advanced Battery Concepts.
Shell Launches $3.5 Billion Share Buyback Program
2024-05-02 - Shell, which posted first-quarter adjusted earnings of $7.7 billion, will cancel all of the shares it buys.