Energy Transfer Partners Continues Expansion Momentum with Completion of Two North Texas Pipeline Projects
2008-08-05 12:26:00
Energy Transfer Partners Continues Expansion Momentum with Completion of Two North Texas Pipeline Projects
DALLAS–(EMWNews)–Energy Transfer Partners, L.P. (NYSE: ETP) announced today the
completion of two North Texas natural gas pipeline projects, the
135-mile, 36-inch Paris Loop pipeline and the 25-mile, 36-inch Maypearl
to Malone pipeline. These new pipelines boost the Partnership’s
transportation capacity out of the Barnett Shale producing region to
more than 3.5 billion cubic feet per day.
The 135-mile Paris Loop pipeline originates near Eagle Mountain Lake in
Northwest Tarrant County, Texas and connects to the Partnership’s
Houston Pipe Line system near Paris, Texas. It immediately provides
customers with more than 400 million cubic feet per day of much needed
capacity out of the Barnett Shale and is expected to accommodate 900
million cubic feet per day by the end of the first quarter 2009.
The 36-inch Maypearl to Malone pipeline extends from the Partnership’s
systems near Maypearl, Texas to its 42-inch pipeline near Malone, Texas.
The expansion links an additional 600 million cubic feet per day of
capacity out of the Barnett Shale to major markets currently accessed by
the Partnership’s extensive pipeline network.
“As the largest transporter of natural gas out
of the Barnett Shale, we’re excited to
continue the forward momentum of transportation services in Texas as
well as in other producing areas with growth opportunity,”
said Roy Patton, Senior Vice President of Energy Transfer Partners. “The
Paris Loop and Maypearl to Malone pipelines allow natural gas producers
and shippers access to a wide range of markets and further demonstrate
the Partnership’s efforts to stay ahead of the
rapidly expanding production in the Barnett Shale.”
The completion of the Paris Loop and Maypearl to Malone natural gas
pipelines is an integral part of the Partnership’s
overall expansion efforts. The Partnership plans to bring online more
than 700 miles of natural gas pipelines in 2008, with more than 500
miles of pipeline expected to be completed in Texas alone. Projects
expected to come online later this year include the Southern Shale,
Cleburne to Tolar, the Carthage Loop and the Katy Loop pipelines in
Texas, and the Phoenix Expansion in Arizona.
Energy Transfer Partners, L.P. (NYSE:ETP)
is a publicly traded partnership owning and operating a diversified
portfolio of energy assets. ETP has pipeline operations in Arizona,
Colorado, Louisiana, New Mexico and Utah, and owns the largest
intrastate pipeline system in Texas. ETP’s
natural gas operations include intrastate natural gas gathering and
transportation pipelines, natural gas treating and processing assets and
three natural gas storage facilities located in Texas. These assets
include approximately 14,450 miles of intrastate pipeline in service,
with approximately 350 miles of intrastate pipeline under construction,
and 2,400 miles of interstate pipeline. ETP is also one of the three
largest retail marketers of propane in the United States, serving more
than one million customers across the country.
Energy Transfer Equity, L.P. (NYSE:ETE)
owns the general partner of Energy Transfer Partners and approximately
62.5 million ETP limited partners units.
The information contained in this press release is available on our
website at: www.energytransfer.com.
Investor Relations: 214-981-0700 Granado, 214-504-2260 |
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