Boardwalk Announces Binding Open Season for an Expansion of Its Gulf South Pipeline System

abarrelfullabarrelfull wrote on 05 May 2015 08:52

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Sep 10, 2008

Boardwalk Pipeline Partners, LP (NYSE:BWP) announced today that its subsidiary Gulf South Pipeline Company, LP is conducting a Binding Open Season to solicit commitments to support an expansion of its new East Texas to Mississippi 42-inch pipeline in order to serve increased production out of East Texas and the Haynesville Shale.

"Natural gas production volumes from the Barnett Shale and conventional plays in Northeast Texas and Northwest Louisiana continue to exceed expectations", said Brian Cody, Boardwalk Pipeline Partners' Chief Commercial Officer. "Anticipated new production from the emerging Haynesville Shale play in Northwest Louisiana coupled with the increasing volume from Texas provide a significant long-term demand for additional pipeline take-away capacity. Gulf South is uniquely positioned to efficiently expand its existing 42-inch pipeline to meet the needs of its customers."

An expansion of the Gulf South 42-inch pipeline will provide much needed export capacity for producers in these rapidly growing areas to provide access to the Midwest and Northeast markets through interconnections with Texas Gas and other Interstate pipelines in the Perryville area, as well as access to the pipelines serving the Southeast Markets through the Gulf South system and connection with the Southeast Supply Header.

Upon obtaining sufficient commitments in the Binding Open Season, Gulf South plans to expand its existing system by 500,000 MMBtu per day with compression subject to FERC approval. The specific facilities required and expansion design capacity will be subject to the results of the Open Season. Additionally, based upon the results of this Open Season, Gulf South may pursue further expansions of its capacity beyond the initial expansion of 500,000 MMBtu per day.

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