Tag Archives: Deep Basin

Business, Finance, Occupation & Industry

Keyera and Plains Solicit Interest in Construction of New Liquids Pipeline System

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By Business Wirevia The Motley Fool

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Keyera and Plains Solicit Interest in Construction of New Liquids Pipeline System

CALGARY, Canada–(BUSINESS WIRE)– Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) (“Keyera”) and Plains Midstream Canada ULC, a wholly owned subsidiary of Plains All American Pipeline, L.P. (NYSE:PAA) (“Plains”), announced today they have entered into an arrangement to solicit interest in the construction of a jointly-owned liquids pipeline system in northwest Alberta. The proposed pipeline system, to be called the Western Reach Pipeline System, is anticipated to run from the Gordondale area of northwestern Alberta to Alberta’s natural gas liquids (“NGL“) energy hub in Fort Saskatchewan. Keyera and Plains have begun an open season process seeking non-binding nominations for volumes to underpin construction.

Keyera and Plains anticipate that the Western Reach Pipeline will consist of two new-build pipelines, with one dedicated to a mixture of propane, butane and condensate (“NGL mix”) and the other intended for segregated condensate service. The Western Reach Pipeline, expected to be approximately 570 kilometres in length, will travel through the Deep Basin area of Alberta, which contains some of the most prospective liquids-rich geological horizons being developed in western Canada today, including the Montney and Duvernay zones.

Keyera and Plains believe that separate dedicated pipelines for NGL mix and segregated condensate will benefit customers, avoiding the costs associated with pipelines operating in batch mode. Customers on the Western Reach Pipeline will have the option to direct their NGL mix and segregated condensate to a variety of fractionation, storage, pipeline and terminal facilities at the Fort Saskatchewan energy hub.

The Edmonton/Fort Saskatchewan area is where the majority of Canada‘s NGLs are aggregated for fractionation and subsequent delivery to end-use customers. Both Keyera and Plains have significant NGL fractionation, storage, pipeline and terminal facilities in the Edmonton/Fort Saskatchewan area. These facilities enable customers to access high-value markets for their propane, butane and condensate production. Keyera operates the Fort Saskatchewan Condensate System, consisting of extensive, interconnected condensate pipeline, terminalling and storage facilities that provide customers with access, storage and end-market delivery options. Plains operates an extensive network of pipelines with connectivity to ship NGLs to Plains’ eastern infrastructure assets, which include the Sarnia fractionation and storage facility, the Windsor and St. Clair storage facilities, and the Eastern Delivery Systems. Keyera and Plains are both evaluating expansions of their respective NGL fractionation facilities in Fort Saskatchewan to provide additional fractionation capacity for the growing volumes of NGLs produced in western Canada.

During the first stage of the open season, interested parties are required to complete and execute a confidentiality agreement and non-binding indicative nomination form. Deadline for

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Pembina Pipeline Declares Pipeline Expansion Open Season

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By Rich Duprey, The Motley Fool

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Midstream service provider Pembina Pipeline announced it was conducting an open season to gauge the interest in the expansion of its crude oil, condensate, and natural gas liquids pipelines in northwest Alberta. Oil and gas producers can submit non-binding nominations for all, one, or a combination of the commodities currently transported by Pembina. Its Peace, Northern, and Swan Hills pipeline systems transport high sulphur crude, sweet crude, condensate, propane plus and ethane plus.

Pipeline operators hold open seasons to ensure all interested parties are made aware of the proposed terms for a new pipeline project,and determine if there is sufficient customer interest to pursue it. 

Pembina’s president and COO Mick Dilger said: “Increased production from the Duvernay, Cretaceous, Montney, Deep Basin, and Swan Hills areas has resulted in significant demand for additional transportation services in Alberta. The additional pipeline capacity would allow industry to access the markets on a competitive and cost-effective basis.”

Although the pipeline operator has expanded capacity at several of its facilities, as production continues to rise near its infrastructure, demand is expected to outpace these capacity increases, creating the need for additional transportation services.

In order to participate in the open season, parties must have executed and delivered a confidentiality agreement and non-binding nominations to Pembina by April 30.

The article Pembina Pipeline Declares Pipeline Expansion Open Season originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance