Energy Transfer and Regency Energy announced construction of a second Mont Belvieu fractionation facility at a cost of $350 million. The plant will complement infrastructure being built to support the Eagle Ford Shale, Permian Basin, and Woodford Shale.
Lone Star NGL, the official name of the Energy Transfer and Regency Energy partnership, will build a second 100,000 barrel per day natural gas liquids (NGLs) fractionation plant to support growing demand from liquids-rich areas in Texas and Oklahoma. A 100,000 b/d fractionator is currently under construction with a planned completion date in the first quarter of 2013 and the new fractionator will be completed in the first quarter of 2014.
The new plant is fully contracted with long-term agreements and marks a string of major developments increasing capacity for crude and NGLs produced in the Eagle Ford.
In the past two weeks, we’ve had the following major announcements:
- Enterprise is Expanding ECHO Oil Storage Capacity
- Copano Energy is Expanding the DK Pipeline into McMullen County
- Southcross Energy is Adding Eagle Ford Gas Procession and Fractionation
- Boardwalk Adds 150 mmcfd of Eagle Ford Processing and Expands Gathering
Read the entire press release tat energytransfer.com