The transaction represents a commitment of 50,000 barrels per day (bpd) of capacity on the new 140-mile, 24-inch diameter crude oil pipeline being constructed by the company.
Scheduled to begin service in the second quarter of 2012, the pipeline has a capacity of 350,000bpd and will offer shippers the flexibility to access major storage hubs and refining centers, Enterprise said.
According to the company, approximately 150 rigs are presently working in the Eagle Ford Shale, which have drilled more than 500 wells, and current production from the play is approximately 80,000bpd of crude oil and condensate.
Enterprise’s Eagle Ford Shale crude oil pipeline system can link producers to a new crude oil storage facility the company is constructing on a 150-acre tract in southeast Houston.
Enterprise Products Partners is a North American provider of midstream energy services to producers and consumers of natural gas.
