From EnLink Midstream companies today:
DALLAS--(BUSINESS WIRE)-- The EnLink Midstream companies,
“This new expansion project is a major step forward for EnLink, as it enables us to build upon our existing asset platform and take advantage of the tremendous growth opportunities in the
As a component of the project, the Partnership has entered into a long-term, fee-based agreement with
The new-build stabilized condensate pipeline will connect to the Partnership’s existing 200-mile pipeline in eastern
The Partnership will also build and operate six natural gas compression and condensate stabilization facilities in
In support of the project, the Partnership will leverage and expand its existing midstream assets in the region, including increasing condensate storage capacity and handling capabilities at its Bells Run barge terminal on the Ohio River. The Partnership will add approximately 120,000 barrels of above ground storage, bringing its total storage capacity at the barge facility to over 360,000 barrels. Additionally, the Partnership will increase the flexibility of its existing and new assets to handle and ship multiple grades of crude oil and stabilized condensate. The Bells Run barge terminal provides access to leading crude and condensate markets in the
The Partnership will also utilize its Black Run rail terminal to export growing volumes of crude oil and stabilized condensate. The rail facility offers customers in the
The new condensate pipeline and gathering system, as well as the natural gas compression and condensate stabilization facilities, including the two stabilization facilities announced recently for
A detailed map of the expansion project can be found on EnLink Midstream’s website at www.enlink.com.
About the EnLink Midstream Companies
EnLink Midstream is a leading midstream provider formed through the combination of Crosstex Energy and substantially all of the U.S. midstream assets of
EnLink Midstream’s assets are located in many of North America’s premier oil and gas regions, including the
Additional information about the EnLink companies can be found at www.enlink.com.
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements are based on certain assumptions made by the Partnership and the General Partner based upon management's experience and perception of historical trends, current conditions, expected future developments and other factors the Partnership and the General Partner believe are appropriate in the circumstances. These statements include, but are not limited to, statements with respect to forecasts regarding capacity, pipeline diameter, incremental investment, project costs and timing for completing the projects described herein, as well as the Partnership's and the General Partner’s future growth and results of operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership and the General Partner, which may cause the Partnership's and the General Partner’s actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to, risks discussed in the Partnership's and the General Partner’s filings with the
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Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
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