Copano increases presence in Eagle Ford Shale with DK pipeline expansion

HOUSTON, Texas - Copano Energy, L.L.C. (Nasdaq: CPNO) on Feb. 9 announced that it will extend its wholly-owned 96-mile, 24-inch DK Pipeline in the Eagle Ford Shale play by adding approximately 65 miles of 24-inch pipeline southwest into McMullen County, Texas, which will allow Copano to access significant new Eagle Ford volumes.

The DK Pipeline extension is expected to begin service in the first half of 2013 and is projected to cost approximately $120 million.

The pipeline extension will follow the same route as Copano's recently announced condensate pipeline, Double Eagle Pipeline LLC, a joint venture with Magellan Midstream Partners, L.P., in the rich gas window of the Eagle Ford Shale.

The extension of the DK Pipeline is supported by a new long-term agreement with Petrohawk Energy Corp., a subsidiary of BHP Billiton. Under the terms of the fee-based agreement, Copano will provide Petrohawk with gathering, processing and NGL handling services for a significant commitment of natural gas volumes from leases in McMullen County, Texas.

"We are pleased that BHP Billiton has selected Copano again as a provider of midstream services for its significant position in the rich gas window of the Eagle Ford Shale," said R. Bruce Northcutt, president and CEO of Copano Energy. "The southwest extension of our DK Pipeline coupled with the Double Eagle condensate pipeline will allow Copano to offer a full slate of gas, NGL and condensate solutions to our customers in the trend."

Copano announces expansion of Houston Central processing capacity

HOUSTON, Texas - Copano Energy, L.L.C. (NASDAQ: CPNO) announced on April 18 plans to expand processing facilities at its Houston Central complex, located in Colorado County, Texas, in response to producer demand in the rapidly developing Eagle Ford Shale play.

The expansion project will consist of a new 400,000 Mcf per day cryogenic processing plant and will bring Copano's total processing capacity at its Houston Central complex to 1.1 Bcf per day.

Anticipated capital spending for the expansion is estimated to be approximately $145 million, with an expected in-service date in early 2013.

Start-up of the new plant is anticipated to coincide with commencement of Copano's firm capacity at Formosa Hydrocarbons Co.'s Point Comfort petrochemical facility under a previously announced NGL fractionation and sales agreement.

"We are pleased to be moving forward with the next phase in our Eagle Ford Shale development strategy and expect that our existing infrastructure at Houston Central will enable us to expedite bringing this additional capacity to market," said R. Bruce Northcutt, president and CEO of Copano Energy. "The new state-of-the-art cryogenic processing plant will improve efficiencies at Houston Central, allowing us and our producers to benefit from much higher NGL recoveries for many years to come." (Source: PR NewsWire, April 18, 2011)

Copano, Energy Transfer form joint venture for NGL deliveries In Texas

Copano Energy LLC (Nasdaq: CPNO) and Energy Transfer Partners LP (NYSE: ETP) have formed a joint venture and agreed to spend a combined $52 million to construct an 83-mile pipeline to deliver Copano's natural-gas liquids to a Texas refiner.

Copano President and Chief Executive R. Bruce Northcutt said the venture will support the Houston-based company's production growth in the Eagle Ford Shale. The natural-gas gathering and transmission company has operations in Oklahoma, Texas, Wyoming and Louisiana.

Kinder Morgan Energy Partners, Copano to build Eagle Ford gas pipeline

HOUSTON - Kinder Morgan Energy Partners and Copano Energy plan to form a joint venture to build a 22-mile natural-gas pipeline in the south Texas Eagle Ford Shale, the companies said on Nov. 13.
The project is expected to cost about $30 million, Kinder Morgan spokesman Joe Hollier said.
The 24-inch pipeline will have an initial capacity of 350 million cubic feet of gas a day, and will extend from LaSalle County to Duval County, Texas.
Kinder Morgan and Copano expect to complete the project in mid- 2010.
Kinder Morgan and Copano will provide gas gathering, transportation and processing services to Eagle Ford Shale producers through the 50-50 joint venture.