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  • Natural Gas Processing Plants & Related NGL Marketing

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  • Natural Gas Processing Plants & Related NGL Marketing
  • At the core of our natural gas processing business are 26 processing plants located in Colorado, Louisiana, Mississippi, New Mexico, Texas and Wyoming.

    Natural gas produced at the well-head (especially in association with crude oil) contains varying amounts of natural gas liquids ("NGLs"). This rich natural gas in its raw form is usually not acceptable for transportation in the nation's major natural gas pipeline systems or for commercial use as a fuel. Natural gas processing plants remove the NGLs from the natural gas stream, enabling the natural gas to meet transmission pipeline and commercial quality specifications. In addition, on an energy equivalent basis, NGLs generally have a greater economic value as a raw material for petrochemical and motor gasoline production than their value as components of the natural gas stream. After extraction by the processing plants, the mixed NGLs are typically transported to a centralized facility for fractionation into purity NGL products such as ethane, propane, normal butane, isobutane and natural gasoline. The purity NGL products can then be used in our NGL marketing activities to meet contractual requirements or sold on spot and forward markets.

    Our NGL marketing activities utilize a fleet of approximately 800 railcars, the majority of which are leased from third parties. These railcars are used to deliver feedstocks to our facilities and to distribute NGLs throughout the U.S. and parts of Canada. We have rail loading and unloading capabilities at certain of our terminal facilities in Arizona, Kansas, Louisiana, Minnesota, Mississippi, New York, North Carolina and Texas. These facilities service both our rail shipments and those of our customers. Our NGL marketing activities also utilize a fleet of approximately 150 tractor-trailer tank trucks that are used to transport LPG for us and on behalf of third parties. We lease and operate the majority of these trucks and trailers.

    VIEW SYSTEM MAP

     

    Asset Descriptions

     

    Gas Processing Facility Location(s) Company Ownership Interest in Facility Net Gas Processing Capacity(Bcf/d(1)) Total Gas Processing Capacity (Bcf/d)
    Meeker Colorado 100% 1.80 1.80
    Pioneer (two facilities) Wyoming 100% 1.40 1.40
    Yoakum Texas 100% 1.05 1.05
    Pascagoula Mississippi 100% 1.00 1.00
    North Terrebonne Louisiana 83.0% (2) 0.79 0.95
    Chaco New Mexico 100% 0.60 0.60
    Orla Texas 100% 0.60 0.60
    Neptune Louisiana 66.0% (2) 0.43 0.65
    Sea Robin Louisiana 54.1% (2) 0.35 0.65
    Thompsonville Texas 100% 0.33 0.33
    Shoup Texas 100% 0.28 0.28
    Armstrong Texas 100% 0.25 0.25
    Gilmore Texas 100% 0.25 0.25
    San Martin Texas 100% 0.20 0.20
    South Eddy New Mexico 100% 0.20 0.20
    Waha (3) Texas 100% 0.15 0.15
    Delmita Texas 100% 0.15 0.15
    Carlsbad New Mexico 100% 0.13 0.13
    Panola Texas 100% 0.13 0.13
    Sonora Texas 100% 0.12 0.12
    Shilling Texas 100% 0.11 0.11
    Venice Louisiana 13.1% (4) 0.10 0.75
    Indian Springs Texas 75.0% (2) 0.09 0.12
    Chaparral New Mexico 100% 0.05 0.05
    Fairway Texas 100% 0.01 0.01
    Total Processing Capacities     10.55 11.91
    1. The approximate net gas processing capacity does not necessarily correspond to our ownership interest in each facility. It is based on a variety of factors such as the level of volumes an owner processes at the facility and its ownership interest in the facility.
    2. We proportionately consolidate our undivided interest in these operating assets.
    3. Prior to March 2018, our partnership in the Waha plant was held through our 50% equity interest in Delaware Basin Gas Processing LLC ("Delaware Processing"). We acquired the remaining 50% equity interest in Delaware Processing in March 2018 for $150.6 million in cash.
    4. Our ownership in this plant is held indirectly through our equity method investment.
    For more information on the assets, please refer to the most recent Form 10-K or Quarterly Reports on Form 10-Q and other SEC filings.
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