Going forward, Haynesville shale most recently we completed our Haynesville extension. That was a $1.6 billion project. We brought it in for $1.5 billion. It’s a 1.8 Bcf a day pipeline that takes natural gas from the Haynesville Bossier shale areas in north Louisiana going to the southeast. We connect with about 10 interstate pipelines, noteworthy Florida Gas and (inaudible), so we’ve been able to get producers gas into the southeast and in the Florid markets, and then also we connect with about 100 customers in the south Louisiana area, whether they be Louisiana Power and Light, whether it be some municipal utilities, or large industrial users. So again, we’re getting that producer gas instead of getting it to a hub where it needs to be transported further, we can come in and actually get them to real end-use consumers. So that project went into service last month. Incremental EBITDA, let’s call it between—over the life, probably 150 to $200 million a year, probably closer to about 160 as we start out.In the Eagleford, we’ll—I’m not sure—yeah, that’s what I thought. In the Eagleford, we’ve got a number of projects on the natural gas side, natural gas processing, NGL liquid takeaway and crude oil takeaway. Some of our natural gas pipeline projects are extensions off our base system. Some we completed in 2010; others we’ve completed in 2011, and what that enabled us to do was to quickly be able to get some Eagleford volumes into the seven plants that we already had down in the Eagleford. We have about 300 million cubic feet a day of capacity, so we were able to quickly get that Eagleford production in those plants. We filled those plants up. In the Eagleford, we probably have about between 3.5 and $4 billion worth of projects under construction. The first phase of the crude oil pipeline ought to be in service in the first half of next year. The extension that goes deeper into the Eagleford should be completed in the second half of next year, as well as our natural gas processing plant, and then our NGL takeaway back into Mount Bellevue.
Targa Resources' President Participates In Panel Discussion At RBC Capital Markets MLP Conference - Conference Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.