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Pembina Pipeline Corporation Message Board

  • blackoutbuzz blackoutbuzz Nov 7, 2012 12:57 AM Flag

    Pipeline expansion

    Interesting that drillers are continuing to boost NGL output even in the face of low prices. No matter to PBA though, they get paid as long as the stuff is flowing through their pipelines.

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    CALGARY, Nov. 6, 2012 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) today announced plans to significantly expand its natural gas liquids ("NGL") and crude oil and condensate throughput capacity on its Peace and Northern Pipeline Systems by an additional 108,000 barrels per day ("bpd").
    These expansions are expected to accommodate increased volumes associated with higher customer demand due to strong drilling results and increased field liquids extraction by area producers. The total cost of the projects is anticipated to be approximately $545 million plus approximately $125 million of additional capital to tie in producers to both the expanded systems. Expansion plans include increasing capacity on Pembina's Peace Pipeline System by 55,000 bpd by mid to late-2014 and its Northern NGL System by 53,000 bpd by early to mid-2015.

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