OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) announced today that its wholly-owned subsidiaries, Enable Gas Transmission, LLC (EGT) and Enable Oklahoma Intrastate Transmission, LLC (EOIT), will each conduct a non-binding open season to solicit commitments for system expansion projects providing firm transportation service for growing Anadarko Basin production.
The projects are expected to provide a unique opportunity for customers seeking firm natural gas transportation service from the prolific Cana, STACK and SCOOP plays of the Anadarko Basin to premium Southeast and Western natural gas markets. These distinctive solutions will utilize existing capacity on EGT and EOIT along with the installation of certain new facilities to provide over 600,000 Dth/d of new, firm natural gas transportation service.
In addition, Enable announced that one of the projects has secured a foundation shipper that has committed to a new long-term contract for 205,000 Dth/d, subject to customary conditions precedent. These projects provide producer customers a cost-effective, timely and scalable link to premium Southeast and Western natural gas markets and further complement Enable’s substantial existing transportation network in Oklahoma, which enjoys a solid base of electric utility, power plant, LDC and industrial end-user customers.
“The open seasons released today are the result of continued conversations with our customers to understand their needs and provide creative solutions,” said Chris Ditzel, vice president - Transportation and Storage. “We are delighted to have successfully executed a precedent agreement with a prominent midcontinent producer, and we look forward to potentially increasing the size of our projects with additional capacity subscriptions.”
The non-binding open seasons open on Wednesday, March 8, 2017, and are scheduled to end at 1 p.m. CT on Tuesday, March 28, 2017.
For complete details, view the relevant postings at pipelines.enablemidstream.com on the EGT and EOIT Electronic Bulletin Boards (EBB) under Informational Postings, Notices, Non-Critical.
ABOUT ENABLE MIDSTREAM PARTNERS
Enable Midstream Partners is a publicly traded master limited partnership. The Partnership owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Partnership’s assets include approximately 12,900 miles of gathering pipelines, 14 major processing plants with approximately 2.5 billion cubic feet per day of processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which the Partnership owns 50%), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 85.0 billion cubic feet of storage capacity.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the securities laws. All statements, other than statements of historical fact, regarding the Partnership’s strategy, future operations, financial position, estimated revenues, projected costs, prospects, plans and objectives of management, including the closing of this offering and the use of proceeds therefrom, are forward-looking statements. These statements often include the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast” and similar expressions and are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Partnership’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The Partnership assumes no obligation to and does not intend to update any forward-looking statements included herein. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under the heading “Risk Factors” included in our SEC filings. The Partnership cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond its control, incident to the ownership, operation and development of natural gas and crude oil infrastructure assets. These risks include, but are not limited to, contract renewal risk, commodity price risk, environmental risks, operating risks, regulatory changes and the other risks described under “Risk Factors” in our SEC filings. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the Partnership’s actual results and plans could differ materially from those expressed in any forward-looking statements.
