Williams spending $4.5B to process 2.5 bcf/d gas in Marshall County-mwe to process 1.07 bcf/d in Mareshall County
Posted by Mike Murphy on June 24, 2013 at 2:02pm in General Shale Discussions
Williams Spending $4.5B To Process Gas in Marshall County
June 23, 2013
By CASEY JUNKINS - Staff Writer , The Intelligencer / Wheeling News-Register
MOUNDSVILLE - The propane, butane, pentane and ethane in West Virginia and neighboring states is so plentiful and profitable that Williams Partners is spending $4.5 billion to process the natural gas liquids.
In Marshall County, the Tulsa, Okla.-based company has three sites of operation: the Fort Beeler processing plant; the Oak Grove processing plant, which is under construction; and the Moundsville fractionation plant. Once all projects are up and running, they will work as a cohesive unit to separate the liquid portions of the natural gas stream from the dry portions. Williams officials believe they will be able to process at least 2.5 billion cubic feet on natural gas per day.
"We did not expect there to be this much liquid in this gas," said Scott Carney, strategic outreach specialist for Williams, during a recent tour of the sites. "We are coming into an area that has been largely rural. We have to be sensitive to that.
coordinator for Williams Partners, and Joe Frazzini, supervisor of operations at the Williams Fort Beeler natural gas processing plant, located along U.S. 250 between Cameron and Moundsville,
$4.5 is purchase and expansion added together. Williams paid about $2.3 billion to acquire the Fort Beeler cryogenic processing plant - which can be seen along U.S. 250 between Moundsville and Cameron - and the other Marshall County operations of Caiman Energy. Williams is now in the midst of expanding with an additional $2.2 billion expenditure.
When you realize that MWE built its' position from zero and 3x larger WMB bought chunks from APL ,cayman etc you just have to salute the MWE mgmt team for guts and excellent analysis....and when all the MWE processing facilities come on line the payoff should be huge. I note that Williams Ft Beeler has a pipeline tie in to Majorsville so MWE will score here,too. Am assuming that if WMB wants access to Mariners East/West it has to go through MWE.....