Saulsbury Makes Strides on Processing Plants in U.S. Hot Spots for Natural Gas

Researched by Industrial Info Resources (Sugar Land, Texas)--Saulsbury Industries (Odessa, Texas) is at the forefront of one of the fastest-growing sectors of the domestic energy market: natural gas production. The engineering, procurement and construction (EPC) company is at work on a slew of projects in the Permian Basin, SCOOP/STACK plays and other busy areas for gas extraction and processing. Industrial Info is tracking more than $3 billion in active projects involving Saulsbury, with more than 33% of the total investment value (TIV) attributed to projects that already have begun construction.

Click on the image at right for a graph detailing active Saulsbury projects, by U.S. state.

Texas' Permian Basin also is where Saulsbury is providing general construction work for three units at Apache Corporation's (NYSE:APA) (Houston) Diamond Natural Gas Cryogenic Processing Plant in Balmorhea, all of which are under construction and set to be completed next year: the $160 million first train, which began construction in June and is expected to wrap up in April, and the $160 million second train and $160 million third train, both of which began construction in September and are set to wrap up next September. Each is expected to process 200 million standard cubic feet per day of natural gas from the Permian's Delaware Basin. For more information, see Industrial Info's reports on the first, second and third trains.

Another project is set to begin construction in Texas' Permian Basin early next year: Vaquero Midstream's (The Woodlands, Texas) $150 million unit addition at the Caymus Cryogenic Sweet Natural Gas-Processing Plant in Coyanosa, Texas. The unit, which will be the third train at the complex, will process 200 million standard cubic feet per day of gas, bringing Caymus' full capacity to 600 million standard cubic feet per day. The train will use technology from Honeywell UOP Russell LLC, a subsidiary of Honeywell International Incorporated (NYSE:HON) (Morris Plains, New Jersey). For more information, see Industrial Info's project report.

Not to be outdone, Oklahoma's SCOOP/STACK shale play is the destination for Cardinal Midstream LLC's $80 million Iron Horse Cryogenic Natural Gas-Processing Plant in Pocasset, which will process 225 million standard cubic feet per day of gas upon completion in the near future, and a $50 million unit addition that is set to begin construction in April. Upon completion, the second train is expected to bring another 200 million standard cubic feet per day of capacity. For more information, see Industrial Info's project reports on the initial and second trains.

Saulsbury also is adding capacity at two gas-processing plants in the midcontinent area: DCP Midstream's (NYSE:DPM) (Denver, Colorado) $200 million second unit at the O'Connor Natural Gas Processing Plant in Kersey, Colorado, which will digest 200 million standard cubic feet per day from the Denver-Julesburg (DJ) Basin, and Kinder Morgan Incorporated's (NYSE:KMI) $150 million second unit at the Roosevelt Cryogenic Natural Gas Processing Plant in Watford City, North Dakota, which will process 200 million standard cubic feet per day from the Bakken Shale. The additions will bring the total plant capacities to 360 million and 260 million standard cubic feet per day, respectively. For more information, see Industrial Info's reports on the O'Connor and Roosevelt projects.

"DCP maintains a strong outlook in the DJ Basin, underpinned by strong customer relationships and a deep bench of tremendous growth projects like O'Connor 2," said Wouter van Kempen, the chief executive officer of DCP, in a recent earnings-related conference call. "I firmly believe that some of the best natural resources in this country are under our feet here in Colorado, and DJ Basin has an incredibly bright future."

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.