Enterprise to Build New Natural Gas Processing Plant in the Delaware Basin; Announces Start of Service on Mentone 3 and Leonidas
April 03 2024 - 7:00AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”)
today announced plans to further expand its natural gas processing
capabilities in the Permian Basin with construction of the Mentone
West 2 plant in the Delaware Basin. The new facility, to be located
in Loving County, Texas, will have the capacity to process more
than 300 million cubic feet per day (“MMcf/d”) of natural gas and
to extract in excess of 40,000 barrels per day (“BPD”) of natural
gas liquids (“NGL”). The plant is expected to begin service in the
second quarter of 2026.
Elsewhere in the Delaware Basin, Enterprise has begun service on
its Mentone 3 natural gas processing plant, which is also capable
of processing over 300 MMcf/d of natural gas and extracting more
than 40,000 BPD of NGLs. Construction of the Mentone West 1 plant,
formerly known as Mentone 4, is on schedule and projected to begin
service in the second half of 2025. Following completion of these
projects, Enterprise will have the capacity to process more than
2.8 billion cubic feet per day (“Bcf/d”) of natural gas and to
extract in excess of 370,000 BPD of NGLs in the Delaware Basin.
In the Midland Basin, Enterprise announced today that the
company’s Leonidas natural gas processing plant in Midland County,
Texas has begun service, and construction of the Orion natural gas
processing facility is proceeding on schedule with service expected
to begin in the second half of 2025. Each of the plants has the
design capacity to process more than 300 MMcf/d of natural gas and
to extract over 40,000 BPD of NGLs. With the completion of Orion,
Enterprise will have the capacity to process 1.9 Bcf/d of natural
gas and to extract more than 270,000 BPD of NGLs. The plants in the
Delaware and Midland Basins are supported by long-term producer
dedications and minimum volume commitments.
“The Permian Basin is expected to account for more than 90
percent of domestic NGL production by the end of the decade as
producers and oilfield service companies continue to push the
envelope and develop new and more efficient techniques in one of
the world’s most prolific energy basins,” said A.J. “Jim” Teague,
co-chief executive officer of Enterprise’s general partner. “With
the expansion of our natural gas processing network, Enterprise is
facilitating this growth and providing safe and reliable access to
domestic and international markets.”
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. Services
include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and marine terminals; crude oil gathering, transportation,
storage and marine terminals; petrochemical and refined products
production, transportation, storage, and marine terminals and
related services; and a marine transportation business that
operates on key U.S. inland and intracoastal waterway systems. The
partnership’s assets include more than 50,000 miles of pipelines;
over 300 million barrels of storage capacity for NGLs, crude oil,
refined products and petrochemicals; and 14 billion cubic feet of
natural gas storage capacity. Please visit
www.enterpriseproducts.com for more information.
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 and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, 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 Enterprise’s reports filed with
the Securities and Exchange Commission. 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
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240403594611/en/
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866)
230-0745 Rick Rainey, Media Relations (713) 381-3635
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