Plains All American Pipeline LP (NYSE: PAA) and Enterprise Products Partners LP (NYSE: EPD) are constructing a new condensate gathering system into their Three Rivers terminal and doubling the mainline capacity on the Eagle Ford joint venture (JV) pipeline from Three Rivers to Corpus Christi. These expansions are supported by a long-term production commitment and are expected to be placed into service in the third quarter of 2015.
The Eagle Ford JV Pipeline system is a 50/50 joint venture between Plains and Enterprise that delivers crude oil and condensate via pipeline from Gardendale in La Salle County, Texas to the Three Rivers and Corpus Christi refineries and to other markets via marine transport facilities at Corpus Christi. Furthermore, the pipeline supplies the Houston-area market through a connection to the Enterprise Crude Pipeline terminal at Lyssy in Wilson County, Texas.
As part of the expansion, Plains and Enterprise will construct a new gathering system with approximately 55 miles of gathering and trunkline pipeline that will connect Karnes County and Live Oak County production areas to the Three Rivers terminal. The companies will also construct an additional 70-mile, 20-inch pipeline from Three Rivers to Corpus Christi as well as expand storage and pumping capacity at Three Rivers. Combined with the previously announced expansion, this project effectively loops the Eagle Ford JV Pipeline from Gardendale to Corpus Christi and increases the JV system capacity to over 600,000 barrels per day. The Eagle Ford JV Pipeline will be connected with the Cactus pipeline, which Plains is constructing from the Permian Basin at McCamey to the Eagle Ford JV Pipeline at Gardendale.
Plains and Enterprise will also build a new terminal on the Corpus Christi ship channel to support the increased volumes to be shipped via pipeline to the region. The dock will have the capacity to handle a variety of ocean-going vessels and is planned to be in service by 2017.
PAA and Enterprise are headquartered in Houston.
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