Dallas-based Energy Transfer Partners LP (NYSE: ETP) has entered multiple long-term agreements with shippers to provide additional transportation services from the Eagle Ford shale in South Texas. To facilitate these agreements, ETP will construct a natural gas pipeline, a processing plant and additional facilities at an approximate cost of $300 million.
These projects will expand the partnership's extensive midstream infrastructure in the Eagle Ford, which includes the recently completed Dos Hermanas Pipeline and the Chisholm Pipeline that is scheduled for completion in the second quarter of 2011.
The 160-mile, 30-inch Rich Eagle Ford Mainline (REM) will have a capacity of 400 million cubic feet per day, with the ability to expand capacity to 800 million cubic feet per day. This rich gas gathering system, which is expected to be in service by the fourth quarter of 2011, will originate in Dimmitt County, Texas, and extend to the partnership's Chisholm Pipeline for ultimate deliveries to the partnership's existing processing plants and to a new 120,000 Mcf per day processing plant.
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