By OGJ editors
HOUSTON, Aug. 4 -- TEPPCO Partners LP and Enterprise Products Partners LP have formed a joint venture to continue to expand the Jonah Gas Gathering Co. system.
Jonah Gas Gathering, in the Greater Green River basin of southwestern Wyoming, gathers and transports gas produced from Jonah and Pinedale fields to processing plants and major interstate pipelines.
Enterprise and TEPPCO intend to continue the Phase V expansion, expected to increase the system capacity of the system to 2.4 bcfd of gas from 1.5 bcfd.
The $275 million first portion of the expansion, which will increase gathering capacity to 2 bcfd, is scheduled for completion during first quarter 2007. The $140 million second portion is to be completed by yearend 2007.
Upon completion of the expansion project, TEPPCO will have 80% interest and operator Enterprise will have 20% interest.
