This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Energy Transfer Partners And Regency Energy Partners Announce Second Fractionator Now In Service At Lone Star NGL’s Mont Belvieu Facility

Energy Transfer Partners, L.P. ( NYSE:ETP ) and Regency Energy Partners LP ( NYSE:RGP ) announced today that Lone Star NGL LLC (“Lone Star”), a joint venture between ETP and RGP, has placed in service the second natural gas liquids (NGL) fractionator at Lone Star’s facility in Mont Belvieu, Texas. Lone Star Frac II is a 100,000 barrel-per-day fractionator that brings Lone Star’s total fractionation capacity at Mont Belvieu to 200,000 barrels per day.

Lone Star’s Mont Belvieu fractionators receive NGLs from several sources, including Lone Star’s west Texas NGL pipelines and ETP’s Justice NGL pipeline. Volumes transported on Lone Star’s pipeline system and the ETP Justice pipeline continue to ramp up as shippers under long-term agreements with Lone Star and ETP increase their production from the Permian Basin, Eagle Ford Shale, and other producing regions.

The completion of the second fractionator capitalizes on ETP’s and RGP’s growing footprint in prolific producing regions, creating synergistic value and opportunities for new organic growth. As the fractionator volumes continue to ramp up, additional value will be captured through the export of butane, ethane and propane to meet international demand. Therefore, this project serves as another step in continuing the partnerships’ objective to increase unitholder value, and strategically enhance long-term sustainability and growth.

“The startup of Frac II is 10 weeks ahead of schedule and under budget, which underscores our ability to efficiently execute large-scale NGL projects,” said Steve Spaulding, Executive Vice President of Lone Star NGL. “The increased fractionation capacity will increase the supply of purity NGL products for our downstream customers through our storage facilities, Houston Ship Channel pipelines, and our recently announced LPG export terminal with Sunoco Logistics.”

“We continue to evaluate opportunities to add fractionation capabilities at Mont Belvieu. Earlier this year, we filed an air permit to construct a third fractionator at the site to ensure we are positioned to meet the critical needs of producers as production in the Permian Basin and the Eagle Ford continues to increase,” Mr. Spaulding added.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs