海角吃瓜网

Enterprise Products Partners L.P., Anadarko Petroleum Corporation, DCP Midstream Partners, LP and MarkWest Energy Partners, L.P. has announced the formation of a joint venture under which Enterprise will assign 45% ownership interest in its wholly owned Panola Pipeline Company, LLC.聽

The interest will be evenly divided among Anadarko海角吃瓜网檚 affiliate, WGR Asset Holding Company LLC (WGR), DCP Midstream Partners and MarkWest. Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest.

The Panola Pipeline, which transports natural gas liquids (NGL), originates in Carthage, Texas and extends 181 miles to Mont Belvieu, Texas. Following a successful open season, Enterprise recently announced plans to install 60 miles of new pipeline, as well as pumps and other associated equipment as part of an expansion project designed to increase capacity by 50 000 bpd. The incremental capacity is expected to be available in the 1Q16.

海角吃瓜网淒eveloping win-win relationships with strategic partners that bring volume commitments or other contributions to the joint venture is a cornerstone of Enterprise海角吃瓜网檚 growth,海角吃瓜网� said Michael A. Creel, Chief Executive Officer of Enterprise海角吃瓜网檚 general partner. 海角吃瓜网淲e are pleased to form this joint venture that benefits and aligns our partners from the wellhead through the fractionator.海角吃瓜网�

海角吃瓜网淲ith Anadarko海角吃瓜网檚 valuable position in the liquids-rich East Texas area, this joint venture provided an excellent opportunity to expand NGL takeaway incrementally to help facilitate future activity and growth,海角吃瓜网� said Jacqui Dimpel, Anadarko Vice President, Midstream.

海角吃瓜网淒CP Midstream Partners is excited about our joint venture with these strong partners in the Panola Pipeline system that will support continued growth in East Texas and benefit DPM海角吃瓜网檚 extensive gathering and processing infrastructure in this area,海角吃瓜网� said Wouter van Kempen, Chairman and Chief Executive Officer of DCP Midstream Partners.

海角吃瓜网淭he expansion of the Panola Pipeline system will provide additional capacity for producers海角吃瓜网� growing NGL production and enable us to continue growing our midstream presence in Panola County, Texas,海角吃瓜网� commented Frank Semple, Chairman, President, and Chief Executive Officer of MarkWest. 海角吃瓜网淲e are pleased to be partnering with Enterprise, WGR and DPM to construct this new joint venture project.海角吃瓜网�

Adapted from press release by

Read the article online at: /project-news/26022015/enterprise-anadarko-dcp-markwest-jv-panola-pipeline/