Louisiana chalk NGL pipeline venture eyed

Combined NGL Pipeline [21736 bytes] Two companies have combined natural gas liquids pipelines in East Texas and western Louisiana to support development in the eastern Austin chalk trend. ARCO Pipe Line Co. (APL), Houston, contributed Black Lake pipeline to the $32 million joint venture, and Union Pacific Resources Group Inc. (UPR), Dallas, its Rosepine lateral pipeline. Units of each company hold 50% interest in the JV, formed effective Aug. 7. APL is operator of the combined system. Disclosure of the new JV marks the second disclosure this month of downstream plans tied to expanding exploration and development of Cretaceous Austin chalk formations in Louisiana. Oxy U.S.A. ea...

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