Enterprise Products Partners LP, Anadarko Petroleum Corp., DCP Midstream Partners LP, and MarkWest Energy Partners LP have formed a joint venture assigning 45% ownership interest in EPP’s wholly owned Panola Pipeline Co. LLC in equal 15% shares to Anadarko’s affiliate, WGR Asset Holding Co. LLC (WGR), DCP Midstream Partners, and MarkWest. EPP will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest.
The Panola Pipeline ships NGL 181 miles from Carthage, Tex., to Mont Belvieu, Tex. EPP recently announced plans to install 60 miles of pipeline, as well as pumps and other associated equipment as part of a 50,000-b/d Panola expansion. The company expects the incremental capacity serving Hayneville and Cotton Valley producers (OGJ Online, Jan. 22, 2015) to be available first-quarter 2016.