Enterprise Products Partners L.P. and Duncan Energy Partners L.P. today announced that construction has been completed on the 174-mile Sherman Extension expansion of the Enterprise Texas Intrastate natural gas pipeline system which extends through the heart of the prolific Barnett Shale play of North Texas. Current throughput on the Sherman Extension is approximately 360 million cubic feet per day (MMcf/d) and is expected to reach about 950 MMcf/d during April 2009, as the remainder of the system’s 48,000 horsepower of compression is brought online.
The 36-inch diameter pipeline originates at a delivery point on the partnerships’ Texas Intrastate natural gas pipeline system near Morgan Mill, Texas, southwest of Fort Worth, and extends northward to an interconnect with Boardwalk Pipeline Partners L.P.’s Gulf Crossing pipeline near Sherman, Texas. The completion of the Sherman Extension adds 1.1 billion cubic feet per day (Bcf/d) of incremental takeaway capacity from the region, while providing producers in the Barnett Shale and as far away as the Waha area of West Texas with greater flexibility to reach the most attractive markets, particularly those in the Northeast and Southeast areas of the country. Current natural gas production from the Barnett Shale is approximately 4 Bcf/d and is projected to surpass 6 Bcf/d by 2011.
“Since we first announced this initiative a little more than two years ago, the production performance of the Barnett Shale has continued to exceed expectations,” said Michael A. Creel, Enterprise president and chief executive officer. “Highlighted by the fact that there are currently more than 350 completed wells awaiting pipeline connections, the need for midstream infrastructure like the Sherman Extension has never been greater.”
The Sherman Extension also laid the foundation for a separate but complementary project that the partnerships are currently developing to support emerging new areas of the Barnett Shale that are not adequately served by pipelines today. The partnerships are in the process of constructing a new 40-mile pipeline that will link producers in the Trinity River Basin to the Sherman Extension near Justin, Texas. This 30-inch and 36-inch diameter pipeline, which originates in Tarrant County, Texas, has a capacity of 1 Bcf/d and, like the Sherman Extension project, is supported by long-term transportation agreements with major producers. The Trinity River lateral is on track to begin service in late 2009 or early 2010.
The Texas Intrastate natural gas pipeline system is owned by Enterprise Texas Pipeline LLC. Affiliates of Enterprise Products and Duncan Energy together own Enterprise Texas Pipeline LLC.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals. Enterprise transports natural gas, NGLs, crude oil and petrochemicals through more than 36,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation; offshore production platform services; and petrochemical transportation and services. Additional information about the partnership is available online at www.epplp.com. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE - News). For more information on Enterprise GP Holdings L.P., visit www.enterprisegp.com.
Duncan Energy Partners is a publicly traded partnership that provides midstream energy services, including gathering, transportation, marketing and storage of natural gas, in addition to transportation and storage of NGLs and petrochemicals. Duncan Energy Partners owns interests in assets located primarily in the Gulf Coast region of Texas and Louisiana, including interests in over 9,000 miles of natural gas pipelines with a transportation capacity aggregating approximately 6.8 Bcf/d; more than 1,600 miles of NGL and petrochemical pipelines featuring access to the world's largest fractionation complex at Mont Belvieu, Texas; two NGL fractionation facilities located in south Texas; approximately 18 million barrels (MMBbls) of leased NGL storage capacity; 6.4 Bcf of leased natural gas storage capacity; and 33 underground salt dome caverns with about 100 MMBbls of NGL storage capacity at Mont Belvieu. Duncan Energy Partners L.P. is managed by its general partner, DEP Holdings, LLC, which is wholly-owned by Enterprise Products Partners L.P. Enterprise Products owns approximately 74 percent of the limited partner interests of Duncan Energy Partners.
Contact:
Enterprise Products Partners L.P., Houston
Investor Relations
Randy Burkhalter, 713-381-6812 or 866-230-0745
or
Media Relations
Rick Rainey, 713-381-3635
source: yahoo
The 36-inch diameter pipeline originates at a delivery point on the partnerships’ Texas Intrastate natural gas pipeline system near Morgan Mill, Texas, southwest of Fort Worth, and extends northward to an interconnect with Boardwalk Pipeline Partners L.P.’s Gulf Crossing pipeline near Sherman, Texas. The completion of the Sherman Extension adds 1.1 billion cubic feet per day (Bcf/d) of incremental takeaway capacity from the region, while providing producers in the Barnett Shale and as far away as the Waha area of West Texas with greater flexibility to reach the most attractive markets, particularly those in the Northeast and Southeast areas of the country. Current natural gas production from the Barnett Shale is approximately 4 Bcf/d and is projected to surpass 6 Bcf/d by 2011.
“Since we first announced this initiative a little more than two years ago, the production performance of the Barnett Shale has continued to exceed expectations,” said Michael A. Creel, Enterprise president and chief executive officer. “Highlighted by the fact that there are currently more than 350 completed wells awaiting pipeline connections, the need for midstream infrastructure like the Sherman Extension has never been greater.”
The Sherman Extension also laid the foundation for a separate but complementary project that the partnerships are currently developing to support emerging new areas of the Barnett Shale that are not adequately served by pipelines today. The partnerships are in the process of constructing a new 40-mile pipeline that will link producers in the Trinity River Basin to the Sherman Extension near Justin, Texas. This 30-inch and 36-inch diameter pipeline, which originates in Tarrant County, Texas, has a capacity of 1 Bcf/d and, like the Sherman Extension project, is supported by long-term transportation agreements with major producers. The Trinity River lateral is on track to begin service in late 2009 or early 2010.
The Texas Intrastate natural gas pipeline system is owned by Enterprise Texas Pipeline LLC. Affiliates of Enterprise Products and Duncan Energy together own Enterprise Texas Pipeline LLC.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals. Enterprise transports natural gas, NGLs, crude oil and petrochemicals through more than 36,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation; offshore production platform services; and petrochemical transportation and services. Additional information about the partnership is available online at www.epplp.com. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE - News). For more information on Enterprise GP Holdings L.P., visit www.enterprisegp.com.
Duncan Energy Partners is a publicly traded partnership that provides midstream energy services, including gathering, transportation, marketing and storage of natural gas, in addition to transportation and storage of NGLs and petrochemicals. Duncan Energy Partners owns interests in assets located primarily in the Gulf Coast region of Texas and Louisiana, including interests in over 9,000 miles of natural gas pipelines with a transportation capacity aggregating approximately 6.8 Bcf/d; more than 1,600 miles of NGL and petrochemical pipelines featuring access to the world's largest fractionation complex at Mont Belvieu, Texas; two NGL fractionation facilities located in south Texas; approximately 18 million barrels (MMBbls) of leased NGL storage capacity; 6.4 Bcf of leased natural gas storage capacity; and 33 underground salt dome caverns with about 100 MMBbls of NGL storage capacity at Mont Belvieu. Duncan Energy Partners L.P. is managed by its general partner, DEP Holdings, LLC, which is wholly-owned by Enterprise Products Partners L.P. Enterprise Products owns approximately 74 percent of the limited partner interests of Duncan Energy Partners.
Contact:
Enterprise Products Partners L.P., Houston
Investor Relations
Randy Burkhalter, 713-381-6812 or 866-230-0745
or
Media Relations
Rick Rainey, 713-381-3635
source: yahoo
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