Stingray Pipeline Co. LLC’s gas pipe system, a joint venture of Shell Gas Transmission LLC and Enterprise Products Partners LP, has contracted with its first deep shelf natural gas customer in the Gulf of Mexico (GOM). Stingray officials said the system will provide natural gas transportation services for Unocal’s Harvest deep shelf development, which is currently producing more than 45 MMcf/d. Unocal constructed a 12-inch gas pipe from the Harvest development to connect to Stingray’s 36-inch pipeline, which offers the producer five downstream takeaway pipeline options. Enterprise CEO O.S. “Dub” Andras said the Harvest field was the first deep shelf gas discovery in the GOM to connect to the Stingray system, but noted that Stingray also will be transporting gas from the deepwater Gunnison development. The Harvest discovery is located at West Cameron Block 44 in 30 feet of water. Unocal owns a 41% working interest and is the operator. The other owners include Marlin Energy Offshore LLC (formerly Duke Energy Hydrocarbons LLC), 37%; The Williams G. Helis Co. LLC, 20%; and Houston Energy LP, 2%.
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Stingray to Provide Gas Transport for Unocal’s Deep Shelf Project
Stingray Pipeline Co. LLC’s gas pipe system, a joint venture of Shell Gas Transmission LLC and Enterprise Products Partners LP, has contracted with its first deep shelf natural gas customer in the Gulf of Mexico (GOM). Stingray officials said the system will provide natural gas transportation services for Unocal’s Harvest deep shelf development, which is currently producing more than 45 MMcf/d.
Transportation Notes
Sonat reported being notified by Enterprise Products Operating L.P. that the Toca 2 processing plant in South Louisiana will be shut down Thursday because of the relationship between prices for natural gas and liquids. As a result, LTA percentages for shippers who elected to process at the Enterprise-Toca plant will be changed to a rate equal to 65% of the rate that was in effect for Dec. 1-11. Shippers were encouraged to communicate with suppliers concerning the level of liquefiable hydrocarbons in their gas supplies for the remainder of December and beyond, and should be prepared to make adjustments in their sourcing arrangements to minimize the amount of liquefiable hydrocarbons entering Sonat’s system.
Williams Energy Partners Gives Greater Control to Unitholders
Tulsa, OK-based Williams Energy Partners LP (WEP), a partnership that transports and stores refined products and ammonia, sought to distance itself from troubled Williams Cos. Inc. last week by making changes to its partnership agreement to give greater control to unitholders.
Williams Energy Partners Gives Greater Control to Unitholders
Tulsa, OK-based Williams Energy Partners LP (WEP), a Williams’ partnership affiliate that transports and stores refined products and ammonia, said Monday it has made changes to its partnership agreement to give greater control to unitholders.
Enterprise to Acquire Gulf Processing Facility in $32M Deal
Houston-based Enterprise Products Partners LP said that an affiliate has entered into an agreement to acquire 100% of the Toca-Western natural gas processing plant and natural gas liquids fractionator from Western Gas Resources Inc. for $32.5 million in cash. The plant processes gas that is delivered by Southern Natural Gas.
TEPPCO Closes on Val Verde Gathering Deal
Houston-based Texas Eastern Products Pipeline Co. LLC, general partner of TEPPCO Partners LP, said last week it closed on the purchase of the 1 Bcf/d Val Verde Gathering System from Burlington Resources’ gathering affiliate for $444 million.
TEPPCO Snags Burlington’s Large San Juan Gathering, Processing System
Texas Eastern Products Pipeline Co. LLC, the general partner of TEPPCO Partners LP, made its largest purchase ever last Tuesday, paying $444 million for Burlington Resources’ 1 Bcf/d Val Verde gathering system in the San Juan Basin. TEPPCO officials said they expect the addition of the system to be immediately accretive to earnings and cash flow and to show moderate annual growth going forward.
TEPPCO Partners Acquire Texas NGL Pipes for $130M
Texas Eastern Products Pipeline Company LLC, the general partner of TEPPCO Partners LP, said late Thursday that it has signed a definitive agreement to acquire the Chaparral and Quanah natural gas liquids (NGL) pipelines from Diamond-Koch II LP and Diamond-Koch III LP. TEPPCO said the estimated $130 million transaction is expected to close in February.
Enterprise Adds 30 Gulf Coast Salt Domes to Asset Base
Enterprise Products Partners LP became one of the largest liquids storage operators in the country with the acquisition of a natural gas liquids and petrochemical liquids storage business from Diamond-Koch, L.P. and Diamond-Koch III, which are owned by affiliates of Valero Energy and Koch Industries Inc. The purchase price was $129 million in cash.
