HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) today announced the start of commercial operations at the company’s new cryogenic natural gas processing facility in Reeves County, Texas. The Orla 1 plant has a nameplate capacity of 300 million cubic feet per day (“MMcf/d”) of natural gas processing and is capable of extracting in excess of 40,000 barrels per day (“BPD”) of natural gas liquids (“NGL”). The start-up of the initial processing train at the Orla complex will be followed by the start-up of the Orla 2 processing train in the fourth quarter of 2018 and the Orla 3 processing train in 2019.
When complete, the three trains will be able to process up to 1 billion cubic feet per day (“Bcf/d”) of natural gas and have the capacity to produce 150,000 BPD of NGLs. In conjunction with the Orla 1 start-up, the partnership also placed into service approximately 70 miles of high-pressure residue natural gas pipeline connecting the plant to its existing intrastate natural gas pipeline system and a 30-mile extension of its NGL system to provide producers with takeaway capacity and direct access to Enterprise’s integrated network of NGL assets.
“The start of operations at our Orla natural gas processing complex will facilitate continued growth of natural gas and NGL production in the Permian Basin, which is expected to double over the next four years,” said A.J. “Jim” Teague, chief executive officer of Enterpise’s general partner. “The completion of the three trains at Orla, along with Enterprise’s existing assets, will increase our processing capacity in the Permian Basin to 1.5 Bcf/d. When combined with Enterprise’s extensive integrated midstream network that includes our NGL fractionation and storage complex in Mont Belvieu, Texas, Orla will support Delaware Basin producers with flow assurance and access to expanding domestic and international markets.”
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 49,000 miles of pipelines; 250 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
This press release includes forward-looking statements. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve certain risks and uncertainties, such as the partnership’s expectations regarding future results, capital expenditures, project completions, liquidity and financial market conditions. These risks and uncertainties include, among other things, insufficient cash from operations, adverse market conditions, governmental regulations and other factors discussed in Enterprise’s filings with the U.S. Securities and Exchange Commission. If any of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. The partnership disclaims any intention or obligation to update publicly or reverse such statements, whether as a result of new information, future events or otherwise.