Targa to build Barnett shale natural gas processing plant

Targa Resources Partners LP, Houston, has ordered a 200 MMcfd cryogenic natural gas processing plant for its North Texas System to meet increasing gas production from liquids-rich areas of the Barnett shale. Targa expects the processing plant, sited in Wise County, Tex., to begin operations mid-2013, subject to regulatory approvals.

Targa’s previously announced 100,000 b/d expansion of its majority-owned Cedar Bayou Fractionator at Mont Belvieu, Tex., (CBF Train 4) is on schedule for first-quarter 2013 completion. Targa reports CBF Train 4 as substantially contracted with long-term, use-or-pay, firm-capacity fractionation agreements and is evaluating an additional 100,000 b/d fractionation expansion (CBF Train 5), based on announced NGL pipeline expansions to Mont Belvieu expected to be completed in 2013.

The company has entered into agreements to acquire the necessary land for CBF Train 5 and has begun engineering design, permitting activities, and discussions with potential customers regarding term fractionation agreements.

Targa and DCP Midstream LLC, Denver, earlier this year reached long-term anchor agreements regarding DCP’s 700-mile Sandhills NGL pipeline and fractionation at CBF Train 4 (OGJ Online, May 10, 2011).

Targa expects the new cryogenic plant to cost $150 million and CBF Train 4 $360 million.

Contact Christopher E. Smith at chriss@ogjonline.com.

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