Enable Midstream Partners, LP (NYSE: ENBL) announced today that it has
signed several natural gas transportation services agreements and that
it will upgrade its Cox City natural gas processing facility located in
Grady County, Oklahoma.
The partnership’s Enable Gas Transmission, LLC subsidiary first
announced that it has extended its natural gas transportation service
agreements with St. Louis-based Laclede Gas Company. The extended
contracts will provide up to 135,000 dekatherms per day of firm
transportation service for periods ranging from 2 to 5 years.
The partnership’s Enable Oklahoma Intrastate Transmission, LLC
subsidiary followed with the announcement that it has signed a long-term
contract to provide firm natural gas transportation service to Grand
River Dam Authority’s planned 495-megawatt combined cycle power plant in
Mayes County, Oklahoma. The contract allows for delivery of up to 84,000
MMBtu per day of natural gas. The new, natural gas-fired power plant is
expected to be in service in early 2017.
The partnership also announced plans to upgrade its Cox City natural gas
processing facility located in Grady County, Oklahoma, to better serve
producers in the South Central Oklahoma Oil Province (SCOOP). The
upgrade will improve the efficiency of the Cox City facility to process
the increasing supply of rich gas coming from producers in the SCOOP
area. The SCOOP, which is located in the Woodford shale, continues to
see increased drilling activity due to the higher levels of liquids-rich
natural gas that requires enhanced processing capabilities.
“We’re pleased to extend our Laclede contracts at market competitive
rates and to add GRDA to the Enable Midstream system. We look forward to
a long-term relationship with each of them,” said Enable Midstream
president and CEO Lynn Bourdon. “In the SCOOP, we continue to see the
richness of the gas increase. With richer gas comes the need to improve
our facilities to meet the needs of producers. Upgrading our Cox City
plant will help ensure that we are well positioned to serve them
long-term.”
The Cox City facility can process approximately 180 MMcfd of natural gas
through four processing trains. The upgrade will add refrigeration and
stabilization facilities to the plant’s largest processing train,
improving the efficiency of the recovery of natural gas liquids.
Enable Midstream owns, operates and develops strategically located
natural gas and crude oil infrastructure assets. The company’s assets
include approximately 11,000 miles of gathering pipelines, 12 major
processing plants with approximately 2.1 billion cubic feet per day of
processing capacity, approximately 7,900 miles of interstate pipelines
(including Southeast Supply Header, LLC of which Enable Midstream owns
49.90 percent), approximately 2,300 miles of intrastate pipelines and
eight storage facilities comprising 86.5 billion cubic feet of storage
capacity. For more information visit EnableMidstream.com.
Copyright Business Wire 2014