Midstream - Pipelines
Enterprise to Build Marcellus/Utica Shale Ethane Pipeline
Print
|
Enterprise Products Partners L.P. (NYSE:EPD) announced today that it has received sufficient transportation commitments to support development of its 1,230-mile Appalachia to Texas pipeline (“ATEX Express”) that will deliver growing ethane production from theMarcellus/Utica Shale areas of Pennsylvania, West Virginia and Ohio to the U.S. Gulf Coast. Demand for price-advantaged ethane feedstock over crude oil-based derivatives within the Gulf Coast petrochemical market is approximately 955,000 barrels per day (“BPD”) and continues to increase. ATEX Express will have the capacity to transport up to 190,000 BPD from the Appalachian production areas to the partnership’s storage and distribution assets in Texas. The committed shipper transportation rate will range between 14.5 cents per gallon…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations