Enterprise Products Partners LP (EPD) and Apache Corporation (APA) have executed a long-term agreement, with Apache committing 100 percent of its Alpine High natural gas liquids (NGLs) to Enterprise.
Apache has 336,000 net acres in its Alpine High discovery in the Delaware Basin. Enterprise has committed to accept a minimum of 205,000 barrels per day (bpd) of NGLs from Apache.
Enterprise is constructing the 658-mile Shin Oak pipeline from Reeves County to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas. The pipeline is expected to have an initial capacity of 550,000 BPD and is scheduled to be completed in the second quarter of 2019. Apache has an option for a 33 percent equity stake in the Shin Oak pipeline, which is exercisable after the in-service date.
Read more: Apache commits Alpine High natural gas liquids to Enterprise
Enterprise Products Partners LP (EPD) and Apache Corporation (APA) have executed a long-term agreement, with Apache committing 100 percent of its Alpine High natural gas liquids (NGLs) to Enterprise.
Apache has 336,000 net acres in its Alpine High discovery in the Delaware Basin. Enterprise has committed to accept a minimum of 205,000 barrels per day (bpd) of NGLs from Apache.
Enterprise is constructing the 658-mile Shin Oak pipeline from Reeves County to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas. The pipeline is expected to have an initial capacity of 550,000 BPD and is scheduled to be completed in the second quarter of 2019. Apache has an option for a 33 percent equity stake in the Shin Oak pipeline, which is exercisable after the in-service date.
Read more: Apache commits Alpine High natural gas liquids to Enterprise
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