At the core of our natural gas processing business are 26 processing plants located in Colorado, Louisiana, Mississippi, New Mexico, Texas and Wyoming.
Natural gas produced at the well-head (especially in association with crude oil) contains varying amounts of natural gas liquids ("NGLs"). This rich natural gas in its raw form is usually not acceptable for transportation in the nation's major natural gas pipeline systems or for commercial use as a fuel. Natural gas processing plants remove the NGLs from the natural gas stream, enabling the natural gas to meet transmission pipeline and commercial quality specifications. In addition, on an energy equivalent basis, NGLs generally have a greater economic value as a raw material for petrochemical and motor gasoline production than their value as components of the natural gas stream. After extraction by the processing plants, the mixed NGLs are typically transported to a centralized facility for fractionation into purity NGL products such as ethane, propane, normal butane, isobutane and natural gasoline. The purity NGL products can then be used in our NGL marketing activities to meet contractual requirements or sold on spot and forward markets.
365体育外围APPOur NGL marketing activities utilize a fleet of approximately 800 railcars, the majority of which are leased from third parties. These railcars are used to deliver feedstocks to our facilities and to distribute NGLs throughout the U.S. and parts of Canada. We have rail loading and unloading capabilities at certain of our terminal facilities in Arizona, Kansas, Louisiana, Minnesota, Mississippi, New York, North Carolina and Texas. These facilities service both our rail shipments and those of our customers. Our NGL marketing activities also utilize a fleet of approximately 150 tractor-trailer tank trucks that are used to transport LPG for us and on behalf of third parties. We lease and operate the majority of these trucks and trailers.
|Gas Processing Facility||Location(s)||Company Ownership Interest in Facility||Net Gas Processing Capacity(Bcf/d(1))||Total Gas Processing Capacity (Bcf/d)|
|Pioneer (two facilities)||Wyoming||100%||1.40||1.40|
|North Terrebonne||Louisiana||83.0% (2)||0.79||0.95|
|Sea Robin||Louisiana||54.1% (2)||0.35||0.65|
|South Eddy||New Mexico||100%||0.20||0.20|
|Indian Springs||Texas||75.0% (2)||0.09||0.12|
|Total Processing Capacities||10.55||11.91|
- The approximate net gas processing capacity does not necessarily correspond to our ownership interest in each facility. It is based on a variety of factors such as the level of volumes an owner processes at the facility and its ownership interest in the facility.
- We proportionately consolidate our undivided interest in these operating assets.
- Prior to March 2018, our partnership in the Waha plant was held through our 50% equity interest in Delaware Basin Gas Processing LLC ("Delaware Processing"). We acquired the remaining 50% equity interest in Delaware Processing in March 2018 for $150.6 million in cash.
- Our ownership in this plant is held indirectly through our equity method investment.