Press release from Business Wire
Inergy Announces Completion of Tres Palacios Header Pipeline Extension
Thursday, June 06, 2013
Inergy Announces Completion of Tres Palacios Header Pipeline Extension07:45 EDT Thursday, June 06, 2013
KANSAS CITY, Mo. (Business Wire) -- Inergy, L.P. (NYSE:NRGY) announced today that, effective June 1, 2013, it has placed into service its Tres Palacios 20-mile header pipeline extension. Shippers can now transport up to 300 MMcf per day of natural gas from the tailgate of Kinder Morgan Energy Partners, L.P.'s Houston Central gas processing plant in Colorado County, Texas, to the Tres Palacios gas storage facility. The 24-inch header pipeline extension also enables shippers to deliver natural gas from the Houston Central plant to any of the 10 interstate and intrastate pipelines interconnected with the Tres Palacios header system.
“We are pleased to complete this project,” said Bruce Page, Tres Palacios' Vice President - Commercial Operations / Business Development. “Beyond providing Eagle Ford Shale producers with significant new market options, we believe our new Houston Central interconnection will increase liquidity at the Tres Palacios hub point for marketers to access supply.”
The Houston Central plant (formerly known as the Copano Houston Central Plant) provides approximately 700 MMcf/d of processing capacity and 22,000 barrels per day of fractionation capacity and is being expanded to process an additional 400-800 MMcf per day of rich natural gas from the Eagle Ford Shale play. The Tres Palacios header system provides significant commercial opportunities to Eagle Ford Shale producers, marketers, and others to deliver their gas to multiple demand markets and storage facilities. The pipeline offers shippers additional market flexibility and reliability, liquid points of sale for locally produced gas from the Eagle Ford Shale play, additional storage opportunities, and the ability to capture pricing differentials between the various interconnected interstate and intrastate pipelines.
The Tres Palacios gas storage facility is located approximately 100 miles southwest of Houston in Matagorda County, Texas. The storage facility, which is listed as a hub point on the Intercontinental Exchange for natural gas transactions, includes 38.4 BCF of FERC-certificated working gas capacity. The storage facility is strategically situated near the Eagle Ford Shale and is one of the largest gas-fired power generation markets in the United States.
Shippers interested in transportation or storage services provided by Tres Palacios should contact Bruce Page at (281) 453-5306 or Jeff Reavis at (281) 453-5307. Additional information about Tres Palacios' storage and transportation services may be obtained by email to email@example.com and can be downloaded from the following website: www.gasstorage.net/trespalacios.
About Inergy, L.P.
Inergy, L.P., headquartered in Kansas City, Missouri, is a publicly traded master limited partnership. Inergy's operations include a natural gas storage business in Texas and an NGL supply logistics, transportation, and marketing business that serves customers in the United States and Canada. Through its general partner interest and majority equity ownership interest in Inergy Midstream, L.P., Inergy is also engaged in the development and operation of natural gas, NGL and crude oil storage, transportation, and logistics businesses in the Northeast region of the United States and in North Dakota.
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. These risks and assumptions are described in Inergy's annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
Corporate news, unit prices, and additional information about Inergy, including reports from the United States Securities and Exchange Commission, are available on the company's website, www.inergylp.com. For more information, contact Vince Grisell in Inergy's Investor Relations Department at 816-842-8181 or via e-mail at firstname.lastname@example.org.
Vince Grisell, 816-842-8181