The partnership’s subsidiary, Crestone Powder River, has a 37.04% interest in Fort Union Gas Gathering.
The first phase of the project has added more than 200 million cubic feet per day (mcf/d) of additional capacity. The second phase, scheduled for completion in the second quarter of 2008, will bring on an additional 450mcf/d of capacity.
The new capacity has been fully subscribed for 10 years, beginning with the in-service date of the expansion. The entire project is expected to cost approximately $110 million and is being project-financed by Fort Union Gas Gathering.
