Enterprise, Enbridge, Anadarko To Build Texas NGL Pipeline
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Enterprise Products Partners L.P. (NYSE:EPD), Enbridge Energy Partners, L.P., (NYSE:EEP) and Anadarko Petroleum Corporation (NYSE:APC) today announced an agreement to design and construct a new natural gas liquids (NGL) pipeline that will originate from Skellytown, Texas in Carson County and extend approximately 580 miles to NGL fractionation and storage facilities in Mont Belvieu, Texas. The new Texas Express Pipeline ("TEP") will help producers in West and Central Texas, the Rocky Mountains, Southern Oklahoma and the Mid-continent maximize the value of their natural gas production by providing additional takeaway capacity and enhanced access to the Gulf Coast NGL market. Initial capacity on TEP will be approximately 280,000 barrels per day (BPD), which can be readily expanded to…
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