Phillips 66 Approves Funding for Two Midstream Projects in Southeast Texas – $3 Billion

Projects Will Create 50 Full-Time and 1,000 Temporary Construction Jobs
Sweeny, TX Refinery Phillips 66

Sweeny, TX Refinery Phillips 66 | Click to Enlarge

Funding for two Southeast Texas midstream projects was approved in early February 2014 by Phillips 66’s board of directors. Costs for the construction of a fractionator in Old Ocean, TX, announced in August of 2013, and a liquefied petroleum gas export terminal in Freeport, TX, are an estimated $3 billion combined.

According to Phillip’s 66, the projects will create more than 50 full-time jobs and over 1,000 temporary construction jobs.

Read morePhillips 66 Plans Gulf Coast Fractionator

[Read more…]

Plains All American Expanding Eagle Ford Fractionation & Condensate Stabilization

PAA Will Spend $120 Million and Bring the Facilities Online in Q2 2015
Plains All American Eagle Ford Assets

Plains All American Eagle Ford Assets | Click to Enlarge

Plains All American plans to spend $120 million to construct a new natural gas liquids (NGL) fractionator and expand its condensate stabilization facility in South Texas.

The new fractionator  will be located near the company’s Gardendale facilities in La Salle County, TX.

The fractionator is supported by third party commitments and will have capacity of 15,000 b/d of Y-Grade and off-spec Y-Grade products. [Read more…]

Enterprise Completes 7th NGL Fractionator at Mont Belvieu

Fractionation Capacity Ensures the Value of Eagle Ford NGLs Is Realized
Mont Belvieu Fractionator

Mont Belvieu Fractionator | Click to Enlarge

Enterprise Products brought its seventh fractionator online at the company’s Mont Belvieu Complex earlier in September.

The new unit adds 85,000 b/d of fractionation capacity and expands the company’s capacity at Mont Belvieu to 570,000 b/d.  An eighth plant will be online at the end of the year and will add another 85,000 b/d of capacity. [Read more…]

Phillips 66 Plans Gulf Coast Fractionator

100,000 b/d Capacity Proposed
Mont Belvieu Factionator

Mont Belvieu Fractionator | Click to Enlarge

Phillips 66 is planning to build a 100,000 b/d fractionator in Old Ocean, TX. The plant will alleviate congestion in Mont Belvieu and add an outlet for Y-grade NGLs from the Eagle Ford. The plant will be located near the company’s Sweeney Refinery and will have access to Gulf Coast petrochemical customers and the Month Belvieu distribution network. [Read more…]

Kinder Morgan – KKR Announce Midstream Deal for Camino Real and Altamont Assets

$ 300 Million for Altamont Assets (Utah) and the Camino Real Gathering System (Eagle Ford Shale)

Kinder Morgan is acquiring KKR’s 50% interest in a joint-venture with El Paso that controls gathering and processing assets in Utah and the Eagle Ford Shale for $300 million. The deal is a precursor to the $20+ billion Kinder Morgan – El Paso acquisition that will close in May. At closing of both deals, Kinder will own 100% of the two systems.

Both systems were in place to help gather and process El Paso’s upstream oil and gas production in the areas. The Camino Real System in South Texas has capacity of 150 mmcf/d and 110,000 b/d. The Altamont system is larger and includes over 1,000 miles of pipelines, a processing plant, and a natural gas fractionator. [Read more…]