Enterprise Products Partners LP, Houston, (NYSE: EPD) has reported that commercial operations will begin on its $1.5 billion, 270-mile Acadian Haynesville Extension pipeline on Nov. 1, 2011. The project is connected to 12 interstate pipeline systems and is the only southerly option that avoids potential bottlenecks at the Perryville hub.
The system provides 1.8 billion cubic feet per day (Bcf/d) of incremental takeaway from the Haynesville/Bossier shale, which can be expanded to 2.1 Bcf/d by increasing the system's horsepower from its current level of 74,000. Nearly all of the system's capacity - 1.6 Bc/fd - is supported by long-term, firm contracts.
"Superb coordination among the various commercial, engineering, operations, legal and administrative teams at Enterprise, along with the ingenuity of our experienced contractors and support from the local communities all played a significant role in the success of this project," says Michael A. Creel, president and chief executive of Enterprise's general partner. "In addition to providing producers with a timely and flexible solution, the Acadian Haynesville Extension has also created benefits for the region, the state and the country by providing jobs, additional tax revenues and more supplies of domestic energy."
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