Partnership Also Completes Expansion Project in Colorado
DALLAS--(BUSINESS WIRE)--Aug. 31, 2009--
Energy Transfer Partners, L.P. (NYSE:ETP)
announced today the completion of the 160-mile Texas Independence
Pipeline. This new natural gas pipeline increases the Partnership’s take
away capacity in Texas by an incremental 1.1 billion cubic feet per day.
Energy Transfer operates the largest intrastate pipeline system in
Texas, with nearly 8,000 miles of pipeline in the state.
Energy Transfer has also completed the Rulison expansion project in
Colorado. These projects are important parts of the Partnership’s
overall expansion efforts to increase the take away capacity of its
pipeline systems nationwide.
Texas Independence Pipeline
The 42-inch Texas Independence natural gas pipeline serves the Bossier
and Barnett Shale natural gas resource plays in east and north central
Texas. Originating just west of Maypearl, Texas and ending near
Henderson, Texas, the Texas Independence Pipeline connects the
Partnership’s existing central and north Texas infrastructure to its
east Texas pipeline network. With the addition of compression, the
project may be expanded to transport natural gas volumes in excess of
1.75 billion cubic feet per day.
“The completion of the Texas Independence Pipeline is another exciting
milestone for us as it is our third 42-inch natural gas pipeline in
Texas that allows natural gas from Waha, the Barnett Shale and Bossier
Sands to reach markets throughout east and southeast Texas,” said Roy
Patton, Senior Vice President – Commercial, Energy Transfer Partners.
“While we continue to build necessary infrastructure in the Fort Worth
Basin, our efforts remain equally focused on expanding our system into
other emerging natural gas fields, including the Fayetteville and
Haynesville, where previously announced pipeline projects proceed as
scheduled. We want to take our leadership position in the Barnett Shale
and leverage that in these new areas in order to continue to offer our
customers the unparalleled market access they have come to expect from
us.”
Rulison Expansion Project
The Rulison expansion project includes the 10-mile, 24-inch Rulison
pipeline and the Holmes Mesa compressor station in Garfield County,
Colorado. These projects are designed to increase the capacity of the
Partnership’s South Parachute - Rifle pipeline system. The project will
also create a new outlet for producers to access the Meeker processing
plant at the White River Hub.
The Rulison pipeline will initially add more than 70 million cubic feet
per day of capacity, with the ability to expand to more than 200 million
cubic feet per day in the future. The Holmes Mesa compressor station has
more than 9,000 horsepower of compression.
Energy Transfer Partners, L.P. (NYSE:ETP)
is a publicly traded partnership owning and operating a diversified
portfolio of energy assets. ETP has pipeline operations in Arizona,
Colorado, Louisiana, New Mexico, and Utah, and owns the largest
intrastate pipeline system in Texas. ETP’s natural gas operations
include gathering and transportation pipelines, treating and processing
assets, and three storage facilities located in Texas. ETP currently has
more than 17,500 miles of pipeline in service and has a 50% interest in
joint ventures that have approximately 500 miles of interstate pipeline
in service. ETP is also one of the three largest retail marketers of
propane in the United States, serving more than one million customers
across the country.
Energy Transfer Equity, L.P. (NYSE:ETE)
is a publicly traded partnership, which owns the general partner of
Energy Transfer Partners, L.P. and approximately 62.5 million ETP
limited partner units.
The information contained in this press release is available on the
Partnership’s website at www.energytransfer.com.
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-504-2260
214-498-9272
(cell)