HOUSTON &
THE WOODLANDS, Texas
& DENVER--(BUSINESS
WIRE)--May 3, 2018-- Enterprise Products Partners L.P.
(NYSE: EPD), Midcoast Operating L.P. (a subsidiary of
Enbridge,
Inc. (TSX, NYSE: ENB)), Western Gas Partners, LP (NYSE: WES)
and DCP Midstream,
LP (NYSE: DCP) today announced a binding open season for additional
capacity on the Texas Express Pipeline ("Texas Express"), which transports
mixed natural gas liquids ("NGL") from Skellytown,
Texas in Carson County to the NGL
fractionation and storage complex in Mont Belvieu, Texas.
Subject to customer commitments during the open season, the partners expect to
expand Texas Express by approximately
90,000 barrels per day ("BPD"). Enterprise will be responsible for constructing
the expansion, which will consist of adding pumping capacity along the 583-mile
route. Service on the expanded Texas Express pipeline is expected to begin in
the second quarter of 2019.
The expansion of Texas Express
is designed to facilitate growing production of NGLs from domestic shale
basins, including the Denver-Julesburg ("DJ") Basin in
Colorado.
Complementing the Texas
Express expansion is a proposed increase in capacity on the 435-mile
Front Range pipeline that originates in
Weld
County Colorado and connects to the Texas Express pipeline.
Combined, these two assets offer an integrated solution that provides
much-needed takeaway capacity for NGL production in the DJ
Basin and access to the Gulf
Coast market. An open season is currently under way seeking
customer commitments to increase capacity on the Front
Range pipeline by 100,000 BPD to a total
capacity of approximately 250,000 BPD.
The Binding Open Season
Commitment Period will begin May 4, 2018 at
noon CDT and continue until 5 p.m.
CDTJune 4, 2018. Additional details,
including a Notice of Binding Open Season Commitment Period, will be
distributed to shippers. Requests for additional information may be directed to
Jacob Tripplehorn at (713) 381-3844 or jztripplehorn@eprod.com,
as well as Patrick Tucker at (713) 381-5429 or
pktucker@eprod.com.
Enterprise and Enbridge
each hold a 35 percent interest in Texas Express, with Western Gas
Partners, holding a 20 percent interest, and DCP
Midstream holding the remaining 10 percent.
Enterprise
Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy services
to producers and consumers of natural gas, NGLs, crude oil, refined products
and petrochemicals. Enterprise's services include: natural gas gathering,
treating, processing, transportation and storage; NGL transportation,
fractionation, storage and import and export terminals; crude oil gathering,
transportation, storage and terminals; petrochemical and refined products
transportation, storage and terminals; and a marine transportation business
that operates primarily on the United States inland and
Intracoastal Waterway systems. The partnership's assets include approximately
50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs,
crude oil, refined products and petrochemicals; and 14 billion cubic feet of
natural gas storage capacity.
Enbridge
Inc. is North America's premier energy infrastructure company with
strategic business platforms that include an extensive network of crude oil,
liquids and natural gas pipelines, regulated natural gas distribution utilities
and renewable power generation. The Company safely delivers an average of 2.8
million barrels of crude oil each day through its Mainline and Express
Pipeline; accounts for approximately 65% of U.S.-bound Canadian crude oil
exports; and moves approximately 20% of all natural gas consumed in the U.S.,
serving key supply basins and demand markets. The Company's regulated utilities
serve approximately 3.7 million retail customers in Ontario,
Quebec, and New
Brunswick. Enbridge also has interests in more
than 2,500 MW of net renewable generating capacity in North
America and Europe. The Company has ranked on
the Global 100 Most Sustainable Corporations index for the past nine years; its
common shares trade on the Toronto and New York
stock exchanges under the symbol ENB.
Life takes energy
and Enbridge exists to fuel people's
quality of life. For more information, visit www.enbridge.com.
Western Gas Partners, LP ("WES") is a
growth-oriented Delaware master limited partnership formed by
Anadarko Petroleum Corporation to acquire, own, develop
and operate midstream assets. With midstream assets located in the
Rocky Mountains, North-central Pennsylvania, Texas and New
Mexico, WES is engaged in
the business of gathering, compressing, treating, processing and transporting
natural gas; gathering, stabilizing and transporting condensate, natural gas
liquids and crude oil; and gathering and disposing of produced water for
Anadarko, as well as for third-party producers and customers. In addition, in
its capacity as a processor and under certain types of contracts, WES also buys
and sells gas, NGLs and condensate.
DCP Midstream,
LP (NYSE: DCP) is a midstream master limited partnership, with a
diversified portfolio of assets, engaged in the business of gathering,
compressing, treating, processing, transporting, storing and selling natural
gas; and producing, fractionating, transporting, storing and selling NGLs and
recovering and selling condensate. DCP owns and operates 60 plants and more
than 60,000 miles of natural gas and natural gas liquids pipelines, with
operations in 17 states across major producing regions, and leads the midstream
segment as one of the largest natural gas liquids producers and marketers and
one of the largest natural gas processors in the U.S. Denver,
Colorado based DCP is managed by its general partner,
DCP Midstream GP, LP, which is managed by its general
partner, DCP Midstream GP, LLC, which is 100% owned by
DCP Midstream, LLC. DCP Midstream,
LLC is a joint venture between Enbridge and Phillips 66. For more
information, visit the DCP Midstream, LP website at
www.dcpmidstream.com.
This press release includes "forward-looking
statements" as defined by the Securities and Exchange
Commission. All statements, other than statements of historical
fact, included herein that address activities, events, developments or
transactions that Enterprise, Enbridge, Western
Gas and DCP expect, believe or anticipate will or may occur in the
future, including anticipated benefits and other aspects of such activities,
events, developments or transactions, are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially, including
required approvals by regulatory agencies, the possibility that the anticipated
benefits from such activities, events, developments or transactions cannot be
fully realized, the possibility that costs or difficulties related thereto will
be greater than expected, the impact of competition and other risk factors
included in the reports filed with the Securities and Exchange
Commission by Enterprise, Enbridge, Western Gas
Partners and DCP. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as
of their dates. Except as required by law, Enterprise, Enbridge, Western Gas
Partners and DCP do not intend to update or revise their
forward-looking statements, whether as a result of new information, future
events or otherwise.
View
source version on businesswire.com: https://www.businesswire.com/news/home/20180503005718/en/
Source: Enterprise Products Partners
L.P.
Enterprise
Investor Relations
Randy Burkhalter,
713-381-6812 or 866-230-0745
or
Media Relations
Rick
Rainey, 713-381-3635
or
Enbridge
Investor
Relations
Jonathan Gould, 403-231-3916
or
Media
Relations
Michael Barnes,
888-992-0997
or
Western Gas Partners, LP
Investor
Relations
Jonathon E. VandenBrand,
832-636-6000
or
DCP
Midstream
Investor Relations
Irene Lofland,
303-605-1822
or
Media Relations
Sarah Sandberg,
303-605-1626