Enterprise Eagle ford shale crude oil system receives first deliveries

Friday, June 08, 2012

Originating in Wilson County, Texas and extending 147 miles to Sealy, Texas, the 24-inch diameter crude oil pipeline has a capacity of 350,000 barrels per day ('BPD') and provides Eagle Ford Shale producers with improved access to the Gulf Coast refining complex.

Executive Vice President and Chief Operating Officer of Enterprise's general partner, A.J. 'Jim' Teague, said, 'Another impressive performance by our employees and contractors allowed us to bring this phase of the project on line in a safe and timely manner. Supported by long-term volume commitments from shippers, this extension of our integrated midstream network improves the ability of refineries to access reliable and secure supplies of domestic crude oil while facilitating continued development of the Eagle Ford Shale.'

A link to Enterprise's Rancho pipeline at Sealy allows the Eagle Ford crude oil system to reach the Gulf Coast infrastructure network, including Enterprise's ECHO crude oil storage facility under construction in southeast Houston. Initial operation is on schedule for July 2012, coinciding with the first deliveries of Eagle Ford Shale crude oil into the Houston area. As an important hub for handling growing domestic crude oil production, ECHO will ultimately provide shippers with access to approximately 4 million BPD of refining capacity.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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