Energy Transfer Adds Vital Capacity out of the Barnett Shale.
Announces Completion of Southern Shale and Cleburne to Tolar Natural Gas Pipelines
DALLAS -- Energy Transfer Partners, L.P. (NYSE:ETP) today announced the completion of the 31-mile Southern Shale pipeline and the 20-mile Cleburne to Tolar pipeline. The two natural gas pipelines will provide an additional 1.1 billion cubic feet per day of critical capacity from the Barnett Shale natural gas field in North Central Texas, boosting the Partnership's capacity out of the Shale to over 4.5 billion cubic feet per day. ETP is the largest transporter of natural gas out of the Barnett Shale.
The 36-inch Southern Shale pipeline originates in southern Tarrant County and provides 700 million cubic feet per day of takeaway capacity. The Southern Shale transports natural gas to the Partnership's Maypearl Compressor Station, which in turn delivers natural gas to ETP's extensive pipeline infrastructure. ETP's pipeline system offers producers and shippers access to multiple markets, including major city gates, trading hubs, and electric power plants throughout Texas as well as providing access to interstate pipeline systems serving our country's energy needs.
The 36-inch Cleburne to Tolar pipeline originates in the western region of the Barnett Shale play and connects to ETP's Cleburne Compression Station. This station delivers gas to the Partnership's pipeline system including direct interconnects to ETP's 42-inch Cleburne to Carthage pipeline and its North Texas 36-inch pipeline. This pipeline provides 400 million cubic feet per day of capacity from the Barnett Shale.
"The completion of the Southern Shale and Cleburne to Tolar pipelines marks our sixth and seventh large diameter pipelines completed in the last year, during which we added more than 400 miles of 36-inch and 42-inch diameter pipe and approximately 4.0 billion cubic feet per day of takeaway capacity," said Roy Patton, Senior Vice President of Commercial Operations. "As we move into 2009, we look forward to continuing to enhance our infrastructure to meet the needs of natural gas producers and consumers across Texas and the nation."
Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP's natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets and three natural gas storage facilities located in Texas. These assets include approximately 14,550 miles of intrastate pipeline in service, with approximately 250 miles of intrastate pipeline under construction. In addition, ETP owns 2,450 miles of interstate pipeline in service, with approximately 250 miles of interstate pipeline under construction. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.
Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners, L.P. and approximately 62.5 million ETP limited partner units.
The information contained in this press release is available on our website at www.energytransfer.com.
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|Date:||Jan 8, 2009|
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