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Released August 01, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator Crestwood Equity Partners LP (NYSE:CEQP) (Houston, Texas) has many irons in the fire for storage, transmission and gas processing facilities in the U.S. As the company continues implementing new projects, it reported a second-quarter 2018 net loss of $21.5 million, compared to net income of $300,000 in second-quarter 2017. During the quarter, Crestwood recorded a $24 million non-cash impairment charge for the sale of assets of Crestwood West Coast LLC, which included a small gas gathering and processing system, fractionator, and rail and truck terminal and storage facilities. The company continues making strategic investments in both the Permian Basin in Texas and the Bakken Shale in North Dakota. Industrial Info is tracking $1.66 billion in Crestwood Equity projects.
Among Crestwood's recent project accomplishments is the completion of the 200 million-cubic-foot-per-day natural gas processing plant in Orla, Texas. Construction began late last year, with Saulsbury Industries (Odessa, Texas) performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $150 million. Crestwood also completed its Willow Lake and Nautilus gathering system connections in the Delaware Basin. In a press release, Crestwood said, "As the centerpiece of Crestwood's regional footprint, the Orla plant is strategically located near active drilling areas and is well-positioned to receive existing and future gas supplies from both the Willow Lake area in the northern Delaware and the Nautilus system in the southern Delaware." Plans for a second processing unit at the facility are in the works and could kick off later this year for completion in the first half of 2019. For more information, see Industrial Info's project reports on Unit 1 and Unit 2 at the Orla processing plant.
Some of the company's largest planned projects are in the Pipelines and Terminals industries. Crestwood is in the planning stages for its proposed Delta crude oil and condensate pipeline. The pipeline will run 180 miles from the Permian Basin, providing access to Cushing, Oklahoma, and Houston and Corpus Christi, Texas. The pipeline will transport up to 200,000 barrels per day (BBL/d) of crude oil and 75,000 BBL/d of condensate. Construction could begin later this year for completion in the summer of 2019. For more information, see Industrial Info's project report.
As part of the pipeline project, Crestwood is looking at building terminal capacity in Orla. Plans call for two 40,000-barrel crude oil tanks and a 75,000-barrel condensate tank, as well as truck unloading racks. Construction could begin later this year for completion next summer. For more information, see Industrial Info's project report.
In the Bakken, Crestwood is developing a second train at its Bear Den natural gas processing plant near Watford City, North Dakota. The train will be able to process 170 million cubic feet per day of natural gas, bringing total plant capacity to 200 million cubic feet per day. Linde Engineering North America (Tulsa, Oklahoma) is EPC contractor. The project is expected to wrap up in the first quarter of next year. For more information, see Industrial Info's project report.
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.
Among Crestwood's recent project accomplishments is the completion of the 200 million-cubic-foot-per-day natural gas processing plant in Orla, Texas. Construction began late last year, with Saulsbury Industries (Odessa, Texas) performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $150 million. Crestwood also completed its Willow Lake and Nautilus gathering system connections in the Delaware Basin. In a press release, Crestwood said, "As the centerpiece of Crestwood's regional footprint, the Orla plant is strategically located near active drilling areas and is well-positioned to receive existing and future gas supplies from both the Willow Lake area in the northern Delaware and the Nautilus system in the southern Delaware." Plans for a second processing unit at the facility are in the works and could kick off later this year for completion in the first half of 2019. For more information, see Industrial Info's project reports on Unit 1 and Unit 2 at the Orla processing plant.
Some of the company's largest planned projects are in the Pipelines and Terminals industries. Crestwood is in the planning stages for its proposed Delta crude oil and condensate pipeline. The pipeline will run 180 miles from the Permian Basin, providing access to Cushing, Oklahoma, and Houston and Corpus Christi, Texas. The pipeline will transport up to 200,000 barrels per day (BBL/d) of crude oil and 75,000 BBL/d of condensate. Construction could begin later this year for completion in the summer of 2019. For more information, see Industrial Info's project report.
As part of the pipeline project, Crestwood is looking at building terminal capacity in Orla. Plans call for two 40,000-barrel crude oil tanks and a 75,000-barrel condensate tank, as well as truck unloading racks. Construction could begin later this year for completion next summer. For more information, see Industrial Info's project report.
In the Bakken, Crestwood is developing a second train at its Bear Den natural gas processing plant near Watford City, North Dakota. The train will be able to process 170 million cubic feet per day of natural gas, bringing total plant capacity to 200 million cubic feet per day. Linde Engineering North America (Tulsa, Oklahoma) is EPC contractor. The project is expected to wrap up in the first quarter of next year. For more information, see Industrial Info's project report.
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.
