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Enbridge Expecting C$9 Billion in Capital Projects
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Enbridge has announced results for Q4 2014 and Q1 2015
Q1 2015:On February 9, 2015, EEP and its partially owned subsidiary, Midcoast Energy Partners, L.P. (MEP), announced they are entering into the emerging Eaglebine shale play in East Texas through two transactions totalling approximately US$0.2 billion. EEP and MEP have commenced construction of a lateral and associated facilities that will create gathering capacity of over 50 million cubic feet per day for rich natural gas to be delivered from Eaglebine production areas to their complex of cryogenic processing facilities in East Texas. The initial facilities are projected to be placed into service by late 2015, with the lateral expected to be in service by mid-2016. MEP also executed an agreement with New Gulf Resources, LLC (NGR) to…
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