Some family and friends have been approached by people looking for pipeline agreements. They claim to be with an outfit called ETP? Anyone hear of them? Anyone also been contacted?
energy transfer partners
Thanks...are they part of Sunoco? Or broker? In fact I think the guys were holding out as being with ETP but were really with a broker. Hoped to meet others who have been approached and check for lies.
My property's in cherry twp, but I don't live there. I'll ask and see if I can find out anything.
One uncle is in Cherry and another in Lancaster Twps. Would be nice to talk to folks who have also been approached and see if the things they are saying compare.
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|Energy Transfer Partners Provides Details on Previously Announced Revolution Project|
Pipeline System Purchased from EdgeMarc Energy
Major New Rich Gas Gathering, Processing Plant, and Fractionation Facilities to be Built in Growing Marcellus and Upper Devonian Shale Area
DALLAS--(BUSINESS WIRE)--Jun. 8, 2015-- Energy Transfer Partners, L.P. (NYSE: ETP) today provided further details on its previously announced Revolution Project that will significantly increase its operations in the growing Marcellus and Upper Devonian production areas of Western Pennsylvania. ETP has entered into long-term gas gathering, processing, and fractionation agreements with EdgeMarc Energy. To facilitate these agreements, ETP has purchased approximately twenty miles of high pressure pipeline from EdgeMarc and will build a new cryogenic gas processing plant, a new fractionator and additional gas gathering pipelines.
ETP plans to construct approximately 100 miles of high pressure 24- and 30-inch rich gas pipeline providing a total gathering system capacity in excess of 440 million cubic feet per day. The Revolution Pipeline originates in Butler County, Pennsylvania and will extend to ETP’s Revolution Plant, a new cryogenic gas processing plant to be constructed in Western Pennsylvania. The Revolution Plant is expected to be in-service by the second quarter of 2017 and will allow for future processing growth for additional third party gas.
The residue gas from this plant will be delivered into ETP’s Rover interstate pipeline for deliveries to downstream markets. The natural gas liquids (NGLs) will be delivered to Sunoco Logistics’ (SXL) Mariner East pipeline system for delivery to domestic and export markets. As a result, this new system and associated facilities provide attractive incremental revenue benefits to both the Rover pipeline and SXL’s Mariner East pipeline system, while at the same time providing flow assurance for natural gas and associated NGLs from well head to end markets for producers in these areas.
The project also includes a fractionation facility that will be constructed at SXL’s Marcus Hook Industrial Complex in Marcus Hook, Pennsylvania. The fractionation facility is expected to be placed in-service by the second quarter of 2017.
The overall expected capital cost for the pipeline system and the associated facilities, which will be supported by long-term fee-based agreements, is approximately $1.5 billion.
"We are extremely pleased to be working with ETP. This project provides us with an effective gathering and processing solution for our approximately 500 laterals that will be drilled to access rich gas from the stacked Devonian and Marcellus shale formations located in Butler County, Pennsylvania and enables access to highly coveted markets for our residue gas and NGLs,” said Chuck VanAllen, CEO of EdgeMarc Energy.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP’s subsidiaries include Panhandle Eastern Pipe Line Company, LP (the successor of Southern Union Company) and Lone Star NGL LLC, which owns and operates natural gas liquids storage, fractionation and transportation assets. In total, ETP currently owns and operates more than 62,000 miles of natural gas and natural gas liquids pipelines. ETP also owns the general partner, 100% of the incentive distribution rights, and approximately 67.1 million common units in Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP owns 100% of Sunoco, Inc. and 100% of Susser Holdings Corporation. Additionally, ETP owns the general partner, 100% of the incentive distribution rights and approximately 44% of the limited partner interests in Sunoco LP (formerly Susser Petroleum Partners LP) (NYSE: SUN), a wholesale fuel distributor and convenience store operator. ETP’s general partner is owned by Energy Transfer Equity (NYSE: ETE). For more information, visit the Energy Transfer Partners, L.P. web site at www.energytransfer.com.
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. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Reports on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
The information contained in this press release is available on our website at www.energytransfer.com.
Source: Energy Transfer Partners (ETP)
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