Falcon Gas Storage to Build New Barnett Shale Pipeline.HOUSTON -- Falcon Gas Storage Company, Inc. today announced that it will build a new 63-mile, 24" gas pipeline primarily to serve its expanded 16 Bcf working capacity Worsham-Steed Gas Storage Facility located in the western portion of the prolific Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square gas play in North Texas. Capacity in the new pipeline will be 450,000 Mcfd, with commercial operation scheduled to begin September 1, 2007. "Customer response for gas storage capacity in the North Texas market has been tremendous," said Jeff Foutch, Falcon's chief commercial officer. "We have firm multi-year contracts covering over 80% of our working gas storage capacity at Worsham-Steed, which has provided the means to underwrite and build a large-volume, high-pressure gas pipeline. Our new pipeline has been designed to give our storage customers significant additional take-away take·a·way n. 1. A concession, as in a lower level of health benefits, made by a labor union to a company in negotiating a new contract. 2. capacity and to provide new transportation alternatives to gas producers and other shippers in the Barnett Shale." Falcon's Worsham-Steed Pipeline will traverse southward south·ward adv. & adj. Toward, to, or in the south. n. A southward direction, point, or region. south from the Worsham-Steed storage facility through Jack, Parker and Hood Counties where it will interconnect with the two existing major 36" gas transmission pipelines that serve North Texas - the North Texas Pipeline, jointly owned by Enterprise Products Partners and Energy Transfer Partners, and the Atmos Energy Atmos Energy (NYSE: ATO), headquartered in Dallas, Texas, is the largest distributor of natural gas in the United States, serving 3.1 million customers nationwide. Atmos acquired TXU's natural gas and pipeline holdings in 2004. Line "X" Pipeline. In addition to an existing interconnection with Energy Transfer's Old Ocean pipeline at Worsham-Steed, the new pipeline also will connect with Devon's Acacia acacia (əkā`shə), any plant of the large leguminous genus Acacia, often thorny shrubs and trees of the family Leguminosae (pulse family). pipeline, Atmos' Line "WA," and Enterprise's recently announced Sherman Extension Pipeline that will move gas from the Barnett Shale northeast to Boardwalk Pipeline Partners' Gulf Crossing Pipeline. "The market liquidity in this area will continue to improve as more of these large-diameter pipelines are built," Foutch added. "Our Worsham-Steed Pipeline will benefit not only our gas storage customers and gas consumers in the DFW DFW Dallas/Ft Worth, TX, USA - Dallas Ft Worth International (Airport Code) DFW Department of Fish and Wildlife DFW David Foster Wallace DFW Drug-Free Workplace DFW Down For Whatever (song by Pretty Young Things) region, but it also will provide new transportation options and capacity for Barnett Shale gas producers, gas processors, and other prospective shippers located in proximity to our pipeline. Everybody benefits from more pipeline interconnectivity and transportation choices." About Falcon Gas Storage Company, Inc. Houston-based Falcon Gas Storage Company is one of the largest independently owned developers and operators of high-deliverability, multi-cycle (HDMC HDMC Hajnowskich Dni Muzyki Cerkiewnej (Polish) HDMC Hierarchical Digital Modulation Classification ) natural gas storage capacity in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Falcon has more than 27 Bcf of working gas storage capacity and 750,000 Mcfd of deliverability at its Hill-Lake and Worsham-Steed gas storage facilities serving the Dallas/Ft. Worth market as well as the Waha and Carthage Market Hubs. Falcon also is developing the MoBay Storage Hub, an HDMC gas storage project in southern Alabama, which will have up to 50 Bcf of working gas capacity. Falcon also is involved in crude oil production, including enhanced oil recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] and natural gas liquids production and processing. Visit Falcon at www.falcongasstorage.com. |
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