As per its plans, Copano will add an additional 400,000Mcf per day of cryogenic processing capacity at the facility.
The expansion project will bring Copano’s total high-efficiency cryogenic processing capacity at its Houston Central complex to 1Bcf per day.
Copano president and chief executive officer Bruce Northcutt said, "While we expect to invest capital for this project at a 5-times multiple or better, our producers and customers will also benefit from the expansion through enhanced performance and improved recovery of natural gas liquids."
The expansion and associated facilities are expected to cost an estimated $190m, with an expected in-service date in mid-2014.
Copano also announced execution of a new long-term fee-based gathering and processing agreement with an Eagle Ford producer, which combined with previously announced producer commitments, will support the expansion.
Copano Energy is a midstream natural gas company with operations in Oklahoma, Texas, Wyoming and Louisiana.
