Enterprise unit to buy Toca-Western natural gas processing plant

By OGJ editors

HOUSTON, Aug. 6 -- A unit of Enterprise Products Partners LP, Houston, has agreed to acquire the Toca-Western natural gas processing plant and natural gas liquids fractionator from Western Gas Resources Inc. for $32.5 million.

The facilities lie near Enterprise's existing Toca natural gas processing plant in St. Bernard Parish, La. The gas processing plant, which has a capacity of 160 MMcfd, processes gas delivered by Southern Natural Gas Co. and serves gas producers from the continental shelf and deepwater Gulf of Mexico. The fractionator can separate 14,200 b/d of mixed NGLs into propane, normal butane, isobutane, and natural gasoline.

Also included in the purchase are assets that support the complex, including storage and truck, rail, and barge loading facilities.

The deal, which is expected to close Sept. 24, is subject to a preferential purchase right by the owners of the Yscloskey, La., natural gas processing plant, in which Enterprise holds 28.2% interest. If any of the plant owners exercise their right to acquire interest in the Toco-Western facilities, Enterprise explained, it would reduce the ownership interest being acquired by Enterprise.

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