Shale Daily / NGI All News Access

Industry Brief

The expansion of Boardwalk Field Services LLC's Eagle Ford Shale gathering system and construction of an associated cryogenic gas processing plant is on schedule, as is work on the Boardwalk Pipeline Partners LP (BPP) subsidiary's $90 million Marcellus Shale gathering system project, according to company officials. "We expect that a portion of our Marcellus gathering line will go into service in the very near future, and additional portions of the gathering line will go into service over the next 12 to 24 months," BPP CEO Stan Horten said during a conference call with financial analysts. Boardwalk is adding about 55 miles of 20- and 24-inch gathering pipeline to its existing 340-mile South Texas gathering system (see Shale Daily, Feb. 7). Once complete, the combined pipeline system will have the capability to move more than 300 MMcf/d of liquids-rich gas from Karnes and Dewitt counties in the heart of the Eagle Ford play. The Marcellus gathering system in northeastern Pennsylvania is designed to connect Southwestern Energy Co. wells in the region to Tennessee Gas Pipeline Co.'s (TGP) Line 300 (see Shale Daily, Oct. 11, 2011). BPP's 1Q2012 operating revenues were $312.9 million, a 1% increase from $311 million during 1Q2011, and the Houston-based partnership's net income was $92.6 million, a 12% increase from $83 million a year ago.

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