Copano Energy lends GeoSouthern a hand in the Eagle Ford Shale
Copano Energy has signed a long-term, fee-based agreement to provide GeoSouthern Energy with gathering, compression, processing and fractionation services for its Eagle Ford Shale production from a substantial acreage position in DeWitt County, Texas. Copano will gather gas into its recently completed 36-mile, 24-inch DK pipeline in DeWitt and Karnes Counties and will provide fully integrated services for both natural gas and natural gas liquids at its Houston central complex located in Colorado County, Texas.
Copano also announced plans to expand its Houston central complex fractionation facilities and its downstream NGL product handling facilities to accommodate producer demand in the rapidly developing Eagle Ford Shale. The fractionation expansion will double Copano's current capacity to 44,000 bpd. Anticipated capital spending for the fractionation and related product pipelines expansions is approximately $60 million, with an expected in-service date in September 2011.
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