Friday, September 18, 2009

Enterprise Products Partners to serve Eagle Ford Shale operator

HOUSTON - Enterprise Products Partners has entered into a long-term agreement to provide natural gas transportation and processing services in the developing Eagle Ford Shale play in Texas.
The agreement covers more than 150,000 acres in the heart of the Eagle Ford Shale play. Stretching from the Mexico border along the Gulf Coast to near Louisiana, the Eagle Ford Shale covers more than 10 million acres in Texas and lies beneath or near the Enterprise Products Partners' energy assets in the region.
Michael Creel, EPP president and CEO, said: "This agreement represents another significant initiative in our ongoing strategy to strengthen Enterprise's position in the very promising Eagle Ford Shale, which has shown early success… Our integrated network of energy infrastructure in the region is strategically positioned and well-suited to accommodate the Eagle Ford Shale's extremely NGL-rich gas and will serve as a platform for additional growth opportunities, as well as incremental investments to expand our system as activity in this emerging play increases."
The completion of expansion projects at two of the partnership's seven South Texas processing plants during the first quarter of this year increased total processing capacity of the facilities to more than 1.5 billion cubic feet per day.

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