March 19, 2014
February 28, 2014
Natural gas services including gathering, compressing, treating, processing, and marketing.
Home » Midstream
Eagle Rock owns strategically-positioned natural gas gathering and processing assets in four significant natural gas producing regions: the Texas Panhandle, East Texas/Louisiana, South Texas and the Gulf of Mexico. These four regions are productive, mature, natural gas basins that have historically experienced significant drilling activity.
A brief overview of our Midstream Segment is outlined below:
- Approximately 8,134 miles of pipeline
- 20 processing plants / stations
- 286,219 compression horsepower
- Approximately 787 MMcf/d of plant processing capacity
- Well-balanced mix of fee-based and commodity-based contracts (as of December 31, 2012)
- 31% fixed recovery
- 25% fee-based
- 37% percent-of-proceeds
- 7% percent-of-index
Within our geographic areas of operation, we strive to provide our producers the highest level of customer service, through safe, reliable and efficient operations as well as timely and accurate settlement. By doing this we provide our current producers the service they expect and maintain our competitiveness in securing new customers in the future. From a commercial perspective, our focus is to ensure all natural gas and NGL products move consistently and maximize the value we receive for the sale of those products through various marketing and transportation options. We are well positioned to take advantage of continued growth opportunities in the Granite Wash play in the Texas Panhandle and in the Austin Chalk play in East Texas.
In 2011, Eagle Rock expanded the processing capacity of its Phoenix-Arrington Ranch cryogenic processing plant in Hemphill County from 50 MMcf/d to 80 MMcf/d. We also initiated construction of two new cryogenic processing plants in the area. Our 60 MMcf/d Woodall plant was placed in service in June 2012, and our 60 MMcf/d Wheeler plant was placed in service in July 2013. On October 1, 2012, we completed our acquisition of two of BP America Production Company's ("BP") gas processing facilities, and the associated gathering systems, that are located in the Texas Panhandle. In total, we increased our high-efficiency processing capacity servicing Granite Wash production from approximately 100 MMcf/d at the beginning of 2010 to approximately 540 MMcf/d in 2013.
If you are a current customer of Eagle Rock's midstream services or you are a producer who would like information about the services we provide, please contact:
Gathering System Connections:
East Texas and Other
This web page may include "forward-looking statements." All statements, other than statements of historical facts, included in this web page that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements and speak only as of the date on which such statement is made. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership. These include, but are not limited to, risks related to volatility of commodity prices; market demand for crude oil, natural gas and natural gas liquids; the effectiveness of the Partnership's hedging activities; the Partnership's ability to retain key customers; the Partnership's ability to continue to obtain new sources of crude oil and natural gas supply; the availability of local, intrastate and interstate transportation systems and other facilities to transport crude oil, natural gas and natural gas liquids; competition in the oil and gas industry; the Partnership's ability to obtain credit and access the capital markets; general economic conditions; and the effects of government regulations and policies. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the Partnership's actual results and plans could differ materially from those implied or expressed by any forward-looking statements. The Partnership assumes no obligation to update any forward-looking statement as of any future date. For a detailed list of the Partnership's risk factors, please consult the Partnership's Form 10-K, filed with the Securities and Exchange Commission ("SEC") for the year ended December 31, 2012 and the Partnership's Forms 10-Q filed with the SEC for subsequent quarters, as well as any other public filings and press releases.