Enterprise Completes Final Phase of Mid-America Pipeline Expansion.Production at Enterprise-owned Independence Hub tops 400 million cubic feet per day HOUSTON -- Enterprise Products Partners L.P. (NYSE NYSE See: New York Stock Exchange :EPD EPD expected progeny difference. ) today announced it has placed into service the remaining part of its 50,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. (BPD) expansion of the Rocky Mountain portion of the partnership's Mid-America Pipeline (MAPL MAPL Modular Affordable Product Line MAPL Mid Atlantic Prep League MAPL Maximum Allowable Path Loss MAPL Military Acquisition Position List(ing) MAPL Master of Advocacy and Political Leadership ) system. The project involved the installation of new pumps and modification of existing equipment at 20 pump stations along the approximately 2,500-mile system, increasing capacity by 20,000 BPD. The initial 30,000 BPD of additional capacity, which was created by looping more than 160 miles of pipelines, went into service in April of 2007. Combined, the two initiatives increase capacity on MAPL's Rocky Mountain system from 225,000 BPD to 275,000 BPD. "The completion of this project represents another milestone in our Rockies growth initiative and enhances our ability to transport growing volumes of natural gas liquids originating from the nation's most prolific producing regions, including major basins in Colorado, Wyoming, Utah and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). ," said Michael A. Creel, Enterprise president and chief executive officer. "The increased capabilities provided by the expansion complement our integrated energy value chain strategy and will help ensure a steady supply of NGLs to Enterprise's recently completed Hobbs fractionator in Gaines County, Texas Gaines County is a county located in the U.S. state of Texas. In 2000, its population was 14,467. Gaines County is named for James Gaines, a merchant who signed the Texas Declaration of Independence. The seat of the county is Seminole6. . The expansion will also enhance our ability to accommodate NGL NGL - A dialect of IGL. volumes from the new Meeker gas processing plant in the Piceance Basin The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. of northwest Colorado, which is expected to be in service during the next few weeks, as well as our new Pioneer cryogenic facility near Opal, Wyoming Opal is a town in Lincoln County, Wyoming, United States. The population was 102 at the 2000 census. Geography Opal is located at (41.770449, -110.325918)GR1. , which is on schedule to begin operations by the end of the year." Creel added that the MAPL expansion is supported by significant shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030. dedications and has been designed so that incremental capacity can be added efficiently and cost effectively. In addition to the Rockies project, the partnership also completed an expansion of its MAPL system between Conway, Kansas and Skellytown, Texas Skellytown is a town in Carson County, Texas, United States. The population was 610 at the 2000 census. Geography Skellytown is located at (35.572712, -101.172517)GR1. during the second quarter of this year. The project involved construction of approximately 190 miles of 12-inch diameter pipeline and the installation of additional compression. As a result, the capacity for mixed NGLs between Conway and Skellytown increased by 67,000 BPD, while 48,000 BPD of incremental capacity is now available between Skellytown and the Hobbs Station, adjacent to Enterprise's new fractionation fractionation /frac·tion·a·tion/ (frak?shun-a´shun) 1. in radiology, division of the total dose of radiation into small doses administered at intervals. 2. complex. Creel stated, "The additional capacity will not only increase transportation revenues for the partnership, but will significantly reduce, or possibly eliminate, the need for shipper allocation on a portion of the MAPL system where volumes have been prorated almost continuously since it was acquired by Enterprise in 2002. The expansion also gives us bi-directional capabilities to move products north, as well as south, significantly increasing volumes of NGLs and purity products into the Conway hub, the second-largest domestic NGL market, while providing shippers with additional flexibility to manage their product inventories and access the most attractive markets." Enterprise also announced today that production through the partnership's Independence Hub natural gas platform in the deepwater Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east has reached 440 million cubic feet per day from nine wells. As the initial 15 wells are brought on line, producers expect that production at the Independence Hub will reach its capacity of 1 billion cubic feet per day by the end of 2007. Located in 8,000 feet of water, the record-setting Independence Hub, which was conceived, designed and constructed by Enterprise, is the deepest offshore platform ever installed in the Gulf and is also the largest in terms of processing capability. The Independence Hub is owned 80 percent by Enterprise, with Helix Energy Solutions Group, Inc. owning the remaining 20 percent. Enterprise owns 100 percent of the 134-mile Independence Trail pipeline, which transports natural gas from the Hub to the partnership's West Delta 68 platform for delivery to shore via a third party pipeline. Enterprise Products Partners L.P. is one of the largest publicly traded partnerships Publicly Traded Partnership A limited partnership that also has interests traded in the equity securities market. Notes: This is also known as a master limited partnership. See also: Master Limited Partnership, Partnership, Public Company with an enterprise value of more than $19 billion, and is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. 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 approximately 35,000 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 and offshore production platform services. For more information, visit Enterprise on the web. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE EPE equine pituitary extract. ). For more information on Enterprise GP Holdings L.P., visit www.enterprisegp.com. This press release contains various forward-looking statements and information that are based on Enterprise's beliefs and those of its general partner, as well as assumptions made by and information currently available to Enterprise. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the plans and objectives of Enterprise for future operations, are intended to identify forward-looking statements. Although Enterprise and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither Enterprise nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, Enterprise's actual results may vary materially from those Enterprise anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on Enterprise's results of operations and financial condition are: * fluctuations in oil, natural gas and NGL prices and production due to weather and other natural and economic forces; * the effects of our debt level on its future financial and operating flexibility; * a reduction in demand for our products by the petrochemical, refining or heating industries; * a decline in the volumes of NGLs delivered by our facilities; * the failure of its credit risk management efforts to adequately protect us against customer non-payment; * terrorist attacks aimed at our facilities; and * the failure to successfully integrate our operations with companies we may acquire in the future, if any. Enterprise has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. |
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