Copano Energy Eagle Ford Shale Update – May 2012

Copano Energy has Announced Almost $1 Billion in Eagle Ford Projects
Copano Energy Eagle Ford Midstream Map

Copano Eagle Ford Map | Click to Enlarge

Copano Energy provided an update on its Eagle Ford operations in May. Highlights include:

  • Copano is investing $1 billion in organic projects
  • Has committed volumes of ~1 Bcf/d with 10 year terms from producers
  • Houston Central (200 mmcfd)cryogenic plant is performing better than expected
  • Lean oil plant at Houston Central realizing lower recoveries than expected
  • New 400 mmcfd cryogenic plant at Houston Central will improve margins further Q1 2013. Another 400 mmcfd expansion coming in 2014
  • High NGL content in the Eagle Ford creates short-term constraints, but long-term opportunity [Read more…]