Enlink announces new $250M pipeline in the Utica Shale
Enlink Midstream is a Dallas-based energy company formerly known as Crosstex Energy.
Dallas Business Journal
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Enlink Midstream will expand its operations in the Utica Shale with a new 45-mile condensate pipeline and six natural gas compression stations, the Dallas-based company announced Monday.
The $250 million project doubles Enlink’s investment in the Ohio River Valley. Enlink also signed a long-term agreement to purchase and transport condensate from Eclipse Resources, an exploration and production company.
The pipeline connects to Enlink’s existing 200-mile pipeline in eastern Ohio and West Virginia.
“This new expansion project is a major step forward for Enlink, as it enables us to build upon our existing asset platform and take advantage of the tremendous growth opportunities in the Utica Shale,” Barry Davis, Enlink Midstream’s president and CEO, said in a press release. “This project is a game changer for our Ohio River Valley business and positions us in the heart of the gas and condensate production fairway.”
The new natural gas compression stations will be built in Noble, Belmont and Guernsey counties and will have a combined capacity of 560 million cubic feet of natural gas per day. The facilities will be operational by the end of 2015.
The company will also add 120,000 barrels of above ground storage for crude oil.
Crude by rail will also be expanded to handle 24,000 barrels per day.