Magellan Midstream Partners Will Spend $250 Million on Condensate Splitter

Eagle Ford Condensate Production Was 207,183 b/d in 2013
Magellan Corpus Christi Terminal

Magellan Corpus Christi Terminal | Click to Enlarge

Magellan Midstream Partners announced in late March plans to build a condensate splitter and make infrastructure improvements to its’ Corpus Christi terminal for $250 million. According to company officials, the splitter will be able to process 50,000 b/d of condensate, supported by a long-term commitment from commodities trader Trafigura AG.

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Copano and Magellan Plan Eagle Ford Condensate Line to Corpus Christi

Copano Energy and Magellan Midstream are planning a midstream joint venture (Double Eagle Pipeline LLC) that will construct almost 150 miles of pipe to deliver condensate to Magellan’s Corpus Christi marine terminal. Eagle Ford pipeline and midstream capacity will get a boost of 100,000 bbls/d when the system comes online. The system will also include a truck unloading facility near Three Rivers, TX.

The two companies will also make improvements to existing facilities. Copano will convert a 50-mile natural gas pipeline to condensate and Magellan will add 500,000 bbls of storage at the Corpus Christi terminal.

Statoil and Talisman Energy who have joint development in the Eagle Ford are the primary shippers [Read more…]