In May, we announced an expansion of our adverse line joint venture to support this increased activity. An expansion will increase the system’s capacity from $70 million a day to $116 million a day and provide for 17,000 barrels per day of additional crude transportation and stabilization capacity. Regency’s investment is expected a total of approximately $90 million, and we anticipate that the expansion will be in service by the first quarter of 2013.Regency owns a 60% interest and operates the assets on behalf of the joint venture. Talisman and Statoil own the remaining 40%. Regarding our Eagle Ford expansion project, volumes continued to increase on the system in conjunction with producer drilling and the full project is on schedule for completion in 2014.
Regency Energy Partners' CEO Discusses Q2 2012 Results - Earnings 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
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.