Exterran Holdings (NYSE:EXH) announced today that Williams Partners (NYSE:WPZ) has awarded the company a contract for the design, fabrication and installation of natural gas facilities in West Virginia. The facilities are part of Williams Partners’ Ohio Valley Midstream business, which has a significant footprint in the natural gas liquid-rich portion of the Marcellus Shale.
The project includes engineering and fabrication of two cryogenic gas processing plants with refrigeration, each with a capacity of 200 million standard cubic feet of natural gas per day (mcfpd) produced from the Marcellus Shale. Additionally, Exterran will provide site development, construction, installation and start-up for the two plants it develops as well as for a third 200-mcfpd cryogenic plant.
“We are excited by this opportunity to partner with Williams and to build on our capability in the Marcellus shale play,” said Exterran President and CEO Brad Childers. “This demonstrates our ability to provide an integrated solution from engineering to start up while quickly supplying the equipment required. We look forward to start-up activities commencing late in 2013 and into 2014.”
Exterran’s growing presence in the Marcellus and Utica plays includes several previous contract awards this year from clients, and this project brings the total capacity of the company’s projects in the region to more than 2 billion cubic feet per day of natural gas processing. Earlier this year, Exterran announced that it had broken ground on a new 65,000 square-foot manufacturing facility in the Youngstown, Ohio, area to accommodate its clients’ growing demand for Exterran’s products and services. In addition, Exterran Partners, L.P. (NASDAQ:EXLP), a master limited partnership, owns and operates processing plants in Ohio and West Virginia for a client under long-term services agreements.Exterran has approximately four decades of experience in the design, engineering, fabrication, installation and maintenance of gas processing facilities, and it has completed more than 300 of these facilities worldwide.
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