Enterprise Products Partners L.P. (NYSE: EPD) today announced a series of projects designed to provide an additional 55,000 barrels per day (BPD) of fractionation capacity at existing facilities in Texas and Louisiana. As part of the initiative, Enterprise plans to optimize its Shoup fractionator in Nueces County, Texas by expanding and repurposing a portion of the partnerships South Texas pipeline system. Construction of approximately 21 miles of new pipeline along with the conversion of approximately 65 miles of existing natural gas pipeline to natural gas liquids (NGL) service would allow Enterprise to supply Shoup with 25,000 BPD of additional NGL volumes. The expanded pipeline capacity is expected to be available in the third quarter of 2019.
In Louisiana, Enterprise plans to restart its 30,000 BPD Tebone fractionator in Ascension Parish. The plant is connected by pipeline to each of the partnerships Louisiana natural gas processing plants, as well as its NGL fractionation and storage hub in Mont Belvieu, Texas. The resumption of service at Tebone, which is expected in the first quarter of 2019, will complement Enterprises Norco and Promix fractionators, providing another option for NGLs delivered to Mont Belvieu.
While we continue to expand our fractionation capacity, as evidenced by the addition of 300,000 BPD under construction at Mont Belvieu that is scheduled to be available in the first half of 2020, capacity will remain tight for the time-being, said A.J. Jim Teague, chief executive officer of Enterprises general partner. The optimization of our Shoup facility and restart of our Tebone fractionator highlights the flexibility of our integrated midstream network, which extends beyond the Mont Belvieu complex into South Texas and Louisiana and provides a timely, efficient and cost-effective solution for accommodating growing production from domestic shale basins.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnerships assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
This press release includes forward-looking statements as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise Products Partners L.P. expects, believes, or anticipates will or may occur in the future, including anticipated benefits and other aspects of such activities, events, developments or transactions, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors included in the reports filed with the Securities and Exchange Commission by Enterprise Products Partners L.P. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise Products Partners L.P. does not intend to update or revise their forward-looking statements, whether as a result of new information, future events or otherwise.
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
Enterprise Products Partners L.P.
713-381-6812 or 866-230-0745