A new natural gas pipeline to move production from the emerging Haynesville Shale in northwestern Louisiana beginning in late 2009 has been proposed Tuesday by DCP Midstream Partners and M2 Midstream LLC (Momentum).
As an extension of DCP’s Pelico Intrastate Pipeline, the Haynesville Connector would originate in western De Soto Parish, LA, and extend more than 150 miles to Delhi, LA, with access to several takeaway pipes.
“Producers in the Haynesville-Lower Bossier shale area in East Texas and North Louisiana are enthusiastic about results from initial wells, which are meeting or exceeding their expectations, and these results are bolstering forecasts for natural gas production in the area,” said DCP CEO Mark Borer.
No pipeline infrastructure or financial details were disclosed.
If it is built, the joint venture partners estimated that the Haynesville Connector could begin initial deliveries in the third quarter of 2009 and offer an estimated 1.5 Bcf/d of takeaway capacity by early 2010. The joint venture remains subject to definitive agreements and approvals, the companies said.
Momentum and DCP have been working on the pipeline proposal “for several months in order to provide Haynesville Shale producers with access to a long-term takeaway solution on an accelerated timeline,” said Momentum CEO Frank Tsuru.
DCP Midstream Partners is owned by DCP Midstream LLC, a joint venture of Spectra Energy and ConocoPhillips. Momentum, based in Houston, owns and operates the M2 Fairplay gathering system in East Texas and the State Line gathering system in De Soto Parish.
Information about the Haynesville Connector is available from DCP’s Brian Frederick at (713) 735-3667 or Momentum’s George Francisco at (713) 783-3000.
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