Wednesday, February 1, 2012

Plains All American announces new Bakken gas processing plant

HOUSTON, Texas - Plains All American Pipeline, L.P. (NYSE: PAA) on Jan. 27 announced that its wholly owned subsidiary, Plains Gas Solutions LLC (PGS), plans to construct a cryogenic gas processing plant with deep cut ethane plus recoveries and specification product fractionation capability. The plant will be located at its multi-product Ross Complex near Ross, N.D.

The Ross gas plant is expected to be sized to process 50-75 million cubic feet per day (MMCFD) of gas and is scheduled to be in service in the spring of 2013.

PGS has executed a letter of intent with an anchor customer to provide long-term natural gas supply for the plant, and is in active negotiations with additional potential customers to appropriately size the facility.

"The addition of gas processing and fractionation capability at our Ross Complex complements our expanding Bakken area crude oil and NGL operations, strengthening PAA's ability to provide a wide range of services for hydrocarbons produced in the region," stated Harry N. Pefanis, president and CEO of PAA.

The Ross Gas Plant will be capable of producing stabilized condensate, purity ethane, specification propane, as well as a butane plus raw-make NGL stream, and will deliver pipeline quality residue gas into Williston Basin Interstate Pipeline Company's transmission system at the tailgate of the facility.

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