HOUSTON, TX — (Marketwired) — 04/30/13 — Enbridge Energy Partners, L.P. (NYSE: EEP) (“the Partnership”) today announced that the company plans to construct a 150 million cubic feet per day (“MMcf/d”) cryogenic natural gas processing plant near Beckville in Panola County, Texas. The addition of the Beckville plant will expand the Partnership–s processing capacity to approximately 820 MMcf/d in the Cotton Valley and Haynesville shale regions.
The cost of the East Texas Beckville Plant Project is estimated at $140 million. The plant, to be located in the heart of the productive rich gas Cotton Valley Play, will interconnect with existing natural gas liquids (“NGL”) infrastructure in the area.
“The Cotton Valley Play is an active natural gas drilling region, and the Beckville Plant Project integrates nicely with our existing and extensive East Texas gathering and gas processing system. This new plant will offer incremental processing capacity for existing and future customers in the 10-county Cotton Valley Play,” said Mark Maki, president of the Partnership. “The project is consistent with the Partnership–s goal of strengthening our core gas assets and delivering accretive growth.”
Construction of the East Texas Beckville Plant and associated facilities is anticipated to begin in late 2013, with in-service by early 2015.
The Partnership–s East Texas system includes approximately 3,900 miles of natural gas gathering and transportation pipelines, about 200,000 horsepower of compression, eight natural gas treating plants and, with the addition of the new Beckville plant, six natural gas processing plants.
Enbridge Energy Partners, L.P. () owns and operates a diversified portfolio of crude oil and natural gas transportation systems in the United States. Its principal crude oil system is the largest transporter of growing oil production from western Canada. The Partnership–s natural gas gathering, treating, processing and transmission assets, which are principally located onshore in the active U.S. Mid-Continent and Gulf Coast areas, deliver approximately 2.5 billion cubic feet of natural gas daily. Enbridge Partners is recognized by Forbes as one of the 100 Most Trustworthy Companies in America.
Enbridge Energy Management, L.L.C. () (NYSE: EEQ) manages the business and affairs of Enbridge Partners and its sole asset is an approximate 16 percent interest in Enbridge Partners. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, (NYSE: ENB) (TSX: ENB) () is the general partner and holds an approximate 21 percent interest in Enbridge Partners.
FOR FURTHER INFORMATION PLEASE CONTACT
News Media:
Larry Springer
Toll-free: (877) 496-8142
E-mail:
Investor Relations:
Sanjay Lad
Toll-free (866) EEPINFO or (866) 337-4636
E-mail:
Website: