Atlas Pipeline Partners has agreed to buy Eagle Ford Midstream assets through a $1 billion acquisition of Teak Midstream, LLC. Atlas will gain Teak’s operated assets and assets that are jointly owned with TexStar Midstream. [Read more…]
DCP Midstream along with DCP Midstream Partners plans to build a 200 mmcfd cryogenic processing plant near Goliad, TX. The Goliad Plant has an expected completion date of early 2014.
It will be the seventh plant owned by DCP in South Texas and adds to the company’s significant position.
DCP’s Eagle Ford System is highlighted by:
- 6,000 miles of gathering lines
- >1 Bcfd of processing capacity
- 3 fractionators with capacity of 36,000 b/d
- Access to the Sand Hills NGL pipeline
- Long-term commitments supported by 900,000 acres in the Eagle Ford.
“The Goliad plant is another great example of co-investment with our general partner,” said Bill Waldheim, president of DCP Midstream Partners.
Teak Midstream has started operations at its South Texas gathering system and its Silver Oak (200 mmcfd) cryogenic processing plant. Teak has long-term midstream agreements with Comstock Resources, Statoil, and Talisman. With significant commitments, the company already plans to expand its gathering system by 200 mmcfd by the first quarter of 2014.
At the center of the development is Teak’s Silver Oak Processing Plant, which is located near the community of Pettus, between Beeville and Kenedy in Bee County. The plant is specifically designed to handle high concentrations of liquid-rich gas. From the plant, residue gas will be transported by a 20-inch, 57 mile pipeline to various interstate pipelines and NGLs will be transported by a 12-inch, three mile pipeline to DCP’s Sand Hills Pipeline. The Sand Hills pipeline ultimately delivers NGLs in Mont Belvieu. [Read more…]
Copano Energy is adding another 400 mmcf/d processing plant at its Colorado County facility. The cryogenic plant is being built is response to producer demand from the Eagle Ford Shale. The Houston Central complex will have 1.0 Bcf/d of capacity when the project is complete.
Copano expects to spend $190 million to construct the facility. The plant is supported by a commitment from a major operator in the Eagle Ford and expected in-service is mid-2014. [Read more…]