Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership's assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise's reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Enterprise Products Partners L.P. (NYSE:EPD) today announced that the partnership plans to add 300 million cubic feet per day ("MMcf/d") of incremental capacity at its cryogenic natural gas processing facility under construction near Orla, Texas in Reeves County. The addition of a third processing train at Orla would increase inlet volume capacity to 900 MMcf/d and allow Enterprise to expand its natural gas liquids ("NGL") extraction capabilities by an incremental 40,000 barrels per day ("BPD") to 120,000 BPD. The third processing train is expected to begin service in the second quarter of 2019 and will complement trains one and two, which are on schedule for completion in the second and third quarters of 2018, respectively. "The ongoing expansion of our Orla facility is being driven by the continued growth of NGL-rich natural gas production in the Delaware Basin and is supported by long-term commitments with producers," said A.J. "Jim" Teague, chief executive officer of Enterprise's general partner. "Over the next five years, supplies of natural gas and NGLs in the Permian Basin could nearly double, and Orla is ideally situated to capitalize on growth opportunities in the region. With connections to our integrated natural gas and NGL infrastructure network, Orla is a key component in providing our customers access to the growing petrochemical industry along the Gulf Coast, as well as the export demand for U.S. production." Mixed NGLs from Orla will be delivered into Enterprise's fully integrated pipeline system, including the new Shin Oak Pipeline which is currently under construction and scheduled to begin operations in the second quarter of 2019. Residual natural gas from Orla will be transported to the Waha area through a 68-mile, 36-inch diameter pipeline scheduled to begin service commensurate with the first Orla train, and will connect to Enterprise's Texas Intrastate pipeline system at the Waha hub. Upon completion of the Orla expansion projects, Enterprise will have total natural gas processing capacity of more than 1.2 billion cubic feet per day, and the capability to extract more than 200,000 BPD of NGLs in the Permian Basin.