San Antonio-based Howard Energy Partners (HEP) completed approximately $800 million in growth projects in 2023, according to a Dec. 13 press release.
The projects consist of new pipelines and processing facilities in “the most active oil and gas producing basins in the United States” and new storage and logistics facilities for renewable diesel on the Texas Gulf Coast, the release stated.
HEP achieved record volumes this year with the company’s current natural gas average throughput of over 2.5 Bcf/d and current average terminalling throughput of over 160,000 bbl/d.
“As we look to 2024, our strong liquidity position of nearly $1 billion will allow us the ability to quickly execute on new opportunities and continue our strong growth trajectory,” said Mike Howard, HEP’s chairman and CEO.
South Texas Expansion
HEP completed its new South Texas natural gas pipeline and facility expansion in early November. The Spears project includes a 62- mile, 36-inch pipeline with the ability to transport up to 1 Bcf/d of incremental natural gas volumes to Gulf Coast LNG facilities, according to the release.
Port Arthur Terminal Expansion
The company completed expansion projects at its 450-acre terminal facility in Port Arthur, Texas, to support Diamond Green Diesel’s new 470 million gallons per year renewable diesel facility at Valero’s Port Arthur refinery. The expansion includes a second deepwater dock with additional capacity for third-party shippers.
HEP commissioned new facilities to handle refinery grade propylene and polymer grade propylene, including rail transloading spots, pressurized storage and associated pipelines and pumps, the release added.
Delaware Basin Expansion
HEP also finished its 200 MMcf/d Train 3 expansion of the Stateline natural gas processing complex in Orla, Texas, increasing total processing capacity to over 600 MMcf/d.
Recommended Reading
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
TotalEnergies Cements Oman Partnership with Marsa LNG Project
2024-04-22 - Marsa LNG is expected to start production by first quarter 2028 with TotalEnergies holding 80% interest in the project and Oman National Oil Co. holding 20%.
Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
2024-04-22 - Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?
TotalEnergies to Acquire Remaining 50% of SapuraOMV
2024-04-22 - TotalEnergies is acquiring the remaining 50% interest of upstream gas operator SapuraOMV, bringing the French company's tab to more than $1.4 billion.
EIG’s MidOcean Closes Purchase of 20% Stake in Peru LNG
2024-04-23 - MidOcean Energy’s deal for SK Earthon’s Peru LNG follows a March deal to purchase Tokyo Gas’ LNG interests in Australia.