Enterprise Product Partners brought its third cryogenic processing plant in Yoakum, TX, online in March and is reaping the benefits. Natural gas processing volumes are up 38% and NGL production is up 532% from one year ago in South Texas.
The Yoakum Facility in Lavaca County will have ultimate capacity of 900 mmcfd. The first plant at the Yoakum Facility came online in May of 2012, the second in August of 2012, and the Third in March of 2013. From just a year ago, fee-based processing volumes in the region have increased by 622 mmcfd and equity NGL production has increased by 27,000 b/d.
It's good timing. Volumes in the Rocky Mountains have fallen considerably, but South Texas growth has more than offset the declines.
Enterprise is also on pace to complete construction of its latest segment of its Eagle Ford crude oil pipeline in the third quarter. The project is a joint venture with Plains All American Pipeline. You can read more about the joint venture in the article Plains All American - Enterprise Eagle Ford Crude Oil Joint Venture.
Those aren't the only assets benefiting from Eagle Ford growth:
“The Texas Intrastate pipeline system reported an $8 million increase in gross operating margin on a 389 billion British thermal units per day (“BBtud”) increase in natural gas pipeline volumes compared to the first quarter of 2012 as a result of increases in Eagle Ford shale production. ”
Read the full press release at enterpriseproducts.com