ETP Selects Manufacturer for 600 Miles of Pipeline for ET Rover
Energy Transfer Partners (ETP) in June announced their intention to build a 600-mile long pipeline called ET Rover that will shuttle some 3.25 billion cubic feet per day of Marcellus and Utica Shale gas to markets in the Midwest and Canada (see Big News: ETP “Rover” Marcellus/Utica Pipeline to Midwest/Canada). ETP hasn’t wasted any time. They already have a number of large customers lined up. The company has also lined up the manufacturer that will produce the 600 miles of pipeline–the largest order for this company in it’s 35-year history…
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Midstream company Energy Transfer Partners (ETP) announced a major new Marcellus/Utica Shale pipeline infrastructure project yesterday that will transport up to 3.25 billion cubic feet per day of northeast shale gas to markets in the Midwest and Canada. Dubbed the Rover Pipeline Project, ETP says they already have three important (and big) customers lined up to use the new pipeline system, including Aubrey McClendon’s American Energy Partners, Antero Resources and Range Resources. A binding open season to sign up more customer begins today and runs for a month. The first leg of the new pipeline will connect PA, WV and southeast OH processing plants by crossing Ohio, following an existing pipeline route. A second leg will connect northwestern OH to Canada by slicing up through Michigan. Here’s the particulars, along with a map…
Just this morning Energy Transfer Partners (ETP), a huge pipeline company that owns 23,500 miles of pipelines and gathering systems, including the largest intrastate pipeline in Texas, announced they are buying Sunoco for $5.3 billion. One of the main reasons for the purchase? ETP said they have a growing interest in the Marcellus Shale and they want Sunoco’s assets in the Marcellus region—a sure sign that midstream and downstream will be where the action is for the foreseeable future. Infrastructure to move gas from point A to point B, and even to end users (consumers) will drive much of the activity in the Marcellus. In that light, the buyout/merger makes sense.