Midstream - Pipelines | Capital Markets | Private Equity Activity
EnLink Holds Open Season for Utica Shale Condensate Pipeline
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Ohio River Valley Pipeline, LLC, an affiliate of the EnLink Midstream companies, EnLink Midstream Partners, LP and EnLink Midstream, LLC, announced the start of a binding open season for volume commitments for interstate common carrier transportation service on a new condensate pipeline system (the ORV Condensate Pipeline).
Access more about the project in Shale Experts' Infrastructure Database
The ORV Condensate Pipeline will transport condensate from points in Harrison, Belmont, Guernsey, Noble, Monroe, and Washington Counties, Ohio to Bells Run Station in Washington County, Ohio; Black Run Station in Muskingum County, Ohio; and, if Ohio River Valley Pipeline, LLC elects to construct extension(s) of its system, to one or more connecting facilities in Holmes, Coshocton, and Harrison County, Ohio. The design capacity of the ORV Condensate Pipeline will be dependent upon the level of interest shown by potential committed shippers during the open season. The open season begins today at 8:00 a.m. Central Time and will close at 5:00 p.m. Central Time on January 15, 2015.
A complete description and additional details regarding the ORV Condensate Pipeline, including a Notice of Open Season, are available by contacting Scott Walker at 214-721-9468 or scott.walker@enlink.com.
Barry E. Davis, EnLink Midstream President and Chief Executive Officer, commented: "The ORV Condensate Pipeline enhances our position for substantial growth in the Utica shale and Marcellus shale plays, where we are successfully executing on our growth strategy to provide crude, condensate and brine solutions via our pipeline system, extensive truck fleet, rail terminal and barge facility. It is a major step forward for EnLink and one that positions us in the heart of the gas and condensate production fairway in this region. This project will create significant value our customers by providing multiple take-away options for stabilized condensate and access to premium priced markets."