Plains All American Pipeline, L.P. (NYSE:PAA)
today announced that it is constructing a new natural gas liquids (NGL)
fractionator and is expanding its existing condensate stabilization
facility in the Eagle Ford area of South Texas. The new fractionator is
supported by long-term third-party commitments and will have a capacity
of up to 15,000 barrels per day of NGL Y-Grade and off-spec Y-Grade
product. The new fractionator, condensate stabilization expansion and
related infrastructure enhancements are expected to require a total
investment of approximately $120 million and are expected to be in
service in the second quarter of 2015.
The fractionator will be located near existing PAA assets in Gardendale
(La Salle County), including its condensate stabilization facility and
rail and truck loading / unloading facilities. The facility is designed
to fractionate NGL Y-Grade and to treat and fractionate off-spec Y-Grade
sourced from PAA's South Texas Gathering System and throughout the Eagle
Ford producing region. Purity products expected to be produced include
international refrigerant specification grade LE propane, EPA
non-commercial grade butane and international specification natural
gasoline. These products can be transported from PAA's adjacent rail and
truck loading facilities, providing access to premium markets for each
purity product.
PAA's existing Gardendale truck and rail infrastructure are being
enhanced to facilitate loading, unloading and transporting Y-Grade and
purity products, and PAA will build approximately 80,000 barrels of
pressurized storage to accommodate Y-Grade and purity products. PAA is
also adding a third condensate stabilization train that will provide
approximately 40,000 barrels per day of incremental capacity to the
existing condensate stabilization facility, bringing the total capacity
to approximately 120,000 barrels per day.
Customer inquiries regarding the facility and related expansions should
be directed to Robert Jernigan, Vice President of Supply at Plains Gas
Solutions, at 713-993-5408.
PAA noted that it will provide an update on its expected 2014 organic
growth capital investment (including the contribution of these projects
to its total anticipated 2014 capital investment) during its
fourth-quarter/year-end earnings conference call in early February, 2014.
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership engaged in the transportation, storage, terminalling and
marketing of crude oil and refined products, as well as in the
processing, transportation, fractionation, storage and marketing of
natural gas liquids. Through its general partner interest and majority
equity ownership position in PAA Natural Gas Storage, L.P., PAA owns and
operates natural gas storage facilities. PAA is headquartered in
Houston, Texas.
Forward Looking Statements
Certain matters discussed in this release are forward-looking statements
that involve risks and uncertainties that could cause actual results or
outcomes to differ materially from results or outcomes anticipated in
the forward-looking statements. These risks and uncertainties include,
among other things, shortages, cost increases or delays in receipt of
supplies, materials or labor; inability to obtain, delays in the receipt
of, or other issues associated with necessary licenses, permits,
approvals, consents, rights of way or other governmental or third party
requirements; the impact of current and future laws, rulings, orders,
governmental regulations, accounting standards and statements and
related interpretations; weather interference with business operations
or project construction; environmental liabilities, issues or events
that result in construction delays or otherwise impact targeted
in-service dates; interruptions in service on third-party pipelines or
facilities; general economic, market or business conditions and the
amplification of other risks caused by volatile financial markets,
capital constraints and pervasive liquidity concerns; and other factors
and uncertainties inherent in the transportation, storage, terminalling
and marketing of crude oil and refined products as discussed in the
Partnership's filings with the Securities and Exchange Commission.
Plains All American Pipeline, L.P.
Investors:
Roy I.
Lamoreaux, 866-809-1291
Director, Investor Relations
or
Media:
Brad
Leone, 713-646-4196
Manager, Communications