Reports related to this article:
Project(s): View 10 related projects in PECWeb
Plant(s): View 5 related plants in PECWeb
Released June 22, 2017 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Crestwood Equity Partners LP (NYSE:CEQP) (Houston, Texas) and First Reserve Corporation (Greenwich, Connecticut) recently announced that their joint venture, Crestwood Permian Basin Holdings LLC, now owns all of Crestwood's Delaware Basin assets, following its acquisition of the Willow Lake Cryogenic Natural Gas Processing Plant and related assets in Eddy County, New Mexico. Industrial Info is tracking more than $3.5 billion in active projects involving the two companies.
Last year, Crestwood completed a $75 million expansion at Willow Creek, which increased the plant's capacity from 20 million to 140 million standard cubic feet per day, utilizing feedstock from the Permian's Delaware Basin. The joint venture is planning a $500 million crude and condensate terminal in Orla, Texas, featuring two 40,000-barrel crude oil tanks and a 75,000-barrel condensate tank, to support a $500 million segment of the Delta Access Pipeline project, which will carry up to 200,000 BBL/d of crude and 75,000 barrels per day (BBL/d) of condensate to the Willow Lake system. For more information, see Industrial Info's project reports on the natural gas plant expansion, terminal and Delta Access Pipeline.
Crestwood also is constructing the $100 million Bear Den Cryogenic Natural Gas Processing Plant in Watford City, North Dakota, which has a processing capacity of 30 million standard cubic feet per day of natural gas sourced from the Williston Basin. The project is expected to wrap up in the fourth quarter. The company also is weighing a $125 million second train at the facility, which would process 170 million standard cubic feet per day. For more information, see Industrial Info's project reports on Bear Den's first train and proposed second train.
Also in Watford City, Crestwood is seeking permits for $6.3 million in pipelines that would carry residue gas and natural gas liquids (NGL) from Bear Den to Targa Resources' (NYSE:TRGP) (Houston) Little Missouri Natural Gas Processing Plant. The pipeline would be supported by a $15 million compressor and pump station. For more information, see Industrial Info's project reports on the pipelines and the pump station.
First Reserve isn't just taking a role in natural gas--it also has a foothold in Texas' booming wind-energy market. Last year, the company completed construction on the $500 million first phase of the Mariah Windfarm in Bovina, Texas, and now is proposing a $460 million second phase and a $460 million third phase. The first phase generates 230 megawatts (MW) from 100 General Electric (NYSE:GE) turbines, each with a capacity of 2.3 MW; the next two phases, as currently designed, each would do the same for a total output of 690 MW. For more information, see Industrial Info's project reports on Phase I and the proposed Phase II and Phase III.
Tax equity for the Mariah project was provided by MidAmerican Energy, a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRKA) (Omaha, Nebraska), Citigroup (NYSE:C) (New York, New York) and HSBC (NYSE:HSBC) (London, England), according to Windpower Engineering & Development. First Reserve is weighing the potential for $1.19 billion in further wind-energy development in Texas and Oklahoma, including further additions to the Mariah facility.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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/.
Last year, Crestwood completed a $75 million expansion at Willow Creek, which increased the plant's capacity from 20 million to 140 million standard cubic feet per day, utilizing feedstock from the Permian's Delaware Basin. The joint venture is planning a $500 million crude and condensate terminal in Orla, Texas, featuring two 40,000-barrel crude oil tanks and a 75,000-barrel condensate tank, to support a $500 million segment of the Delta Access Pipeline project, which will carry up to 200,000 BBL/d of crude and 75,000 barrels per day (BBL/d) of condensate to the Willow Lake system. For more information, see Industrial Info's project reports on the natural gas plant expansion, terminal and Delta Access Pipeline.
Crestwood also is constructing the $100 million Bear Den Cryogenic Natural Gas Processing Plant in Watford City, North Dakota, which has a processing capacity of 30 million standard cubic feet per day of natural gas sourced from the Williston Basin. The project is expected to wrap up in the fourth quarter. The company also is weighing a $125 million second train at the facility, which would process 170 million standard cubic feet per day. For more information, see Industrial Info's project reports on Bear Den's first train and proposed second train.
Also in Watford City, Crestwood is seeking permits for $6.3 million in pipelines that would carry residue gas and natural gas liquids (NGL) from Bear Den to Targa Resources' (NYSE:TRGP) (Houston) Little Missouri Natural Gas Processing Plant. The pipeline would be supported by a $15 million compressor and pump station. For more information, see Industrial Info's project reports on the pipelines and the pump station.
First Reserve isn't just taking a role in natural gas--it also has a foothold in Texas' booming wind-energy market. Last year, the company completed construction on the $500 million first phase of the Mariah Windfarm in Bovina, Texas, and now is proposing a $460 million second phase and a $460 million third phase. The first phase generates 230 megawatts (MW) from 100 General Electric (NYSE:GE) turbines, each with a capacity of 2.3 MW; the next two phases, as currently designed, each would do the same for a total output of 690 MW. For more information, see Industrial Info's project reports on Phase I and the proposed Phase II and Phase III.
Tax equity for the Mariah project was provided by MidAmerican Energy, a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRKA) (Omaha, Nebraska), Citigroup (NYSE:C) (New York, New York) and HSBC (NYSE:HSBC) (London, England), according to Windpower Engineering & Development. First Reserve is weighing the potential for $1.19 billion in further wind-energy development in Texas and Oklahoma, including further additions to the Mariah facility.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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/.
