Enterprise Products Partners L.P. (NYSE:EPD) affiliate Panola Pipeline Company, LLC (“Panola”) today announced the start of a binding open season to seek shipper support for a proposed expansion of the Carthage to Lufkin segment of its natural gas liquids (“NGL”) pipeline system. The Panola Pipeline is a 181-mile pipeline that originates near Carthage in Panola County, Texas and supports the Haynesville and Cotton Valley oil and gas production areas. The pipeline extends to destination points at Mont Belvieu in Chambers County, Texas, enabling shippers to access the world’s largest NGL fractionation complex, including facilities owned and operated by Enterprise.
Depending on shipper response to the open season, the Panola expansion project will be designed to accommodate approximately 15,000 barrels per day (“BPD”) of incremental capacity. Achieving the additional capacity would involve installing pumps and related equipment. The additional capacity would be available mid to late second quarter of 2013.
The open commitment period begins today at 9 a.m. CST and will close on Friday, January 11, 2013 at 5 p.m. CST. For commercial inquiries or additional information related to the open commitment period, please contact Chad Aldrich at (713) 381-6427 or firstname.lastname@example.org.
Source: Business Wire
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