Mont

FERC invoked its emergency authority Friday under the Interstate Commerce Act to help alleviate “dangerously low” propane supplies to consumers in the Midwest and Northeast.

To avoid critical shortages by the end of February, propane gas shippers have asked FERC for an emergency order to allow, or if necessary direct, Enterprise TE Products Pipeline Co. LLC to temporarily provide priority treatment to propane shipments from Mont Belvieu, TX.

Citing “dangerously low” propane supplies throughout the country, but particularly in the Midwest and Northeast, the National Propane Gas Association (NPGA) has asked FERC for an emergency order to allow, or if necessary direct, Enterprise TE Products Pipeline Company LLC to temporarily provide priority treatment to propane shipments from Mont Belvieu, TX.

Western Gas Partners LP has exercised an option to acquire a 25% interest in a joint venture with Enterprise Products Partners LP to own two fractionation trains (Trains 7 and 8) being constructed in Mont Belvieu, TX. The trains, scheduled to begin service later this year, would be operated by Enterprise. Western, formed by Anadarko Petroleum Corp., also plans to begin constructing a second cryogenic processing train at its Lancaster plant in the Denver-Julesburg Basin this year. Lancaster II is expected to have a capacity of 300 MMcf/d with throughput of 200 MMcf/d guaranteed by an Anadarko subsidiary. The partnership anticipates the project will cost $165 million, with 50% spent in 2013 and the remainder spent by early 2015. The new train is expected to begin operating in early 2015.

Enterprise Products Partners LP infrastructure bounced back from Hurricane Katrina in 2005 and a fire at Mont Belvieu, TX, in 2011, and the partnership will weather the current “tsunami of natural gas liquids (NGL)” that is ravaging margins in the light end of the NGL barrel, Enterprise COO Jim Teague told financial analysts last Thursday.

Enterprise Products Partners LP infrastructure bounced back from Hurricane Katrina in 2005 and a fire at Mont Belvieu, TX, in 2011, and the partnership will weather the current “tsunami of natural gas liquids (NGL)” that is ravaging margins in the light end of the NGL barrel, Enterprise COO Jim Teague told financial analysts Thursday.

Shale and liquids-rich production will be the primary focus for Anadarko Petroleum Corp. this year, with dry natural gas efforts receiving less than 10% of its 2012 exploration and production budget, the Houston-based company said Tuesday.

Enterprise Products Partners LP announced Tuesday that it has agreed to sell about 22.8 million common units of Energy Transfer Equity LP (ETE) to undisclosed purchasers for approximately $825.1 million.

The Eagle Ford Shale in South Texas is “primed for growth,” thanks to a substantial foundation of gathering, transmission, processing and fractionation infrastructure in place, Bentek Energy LLC said in a new report. And more projects are under way or in the works over the next few years.