* Says shut-in due to turnaround at Eustace facility
* Sees shut down to hurt Q3 upstream revenue
Aug 17 Oil and gas company Eagle Rock Energy
Partners LP EROC.O said its East Texas oil and gas production
has been temporarily shut and that it expects third-quarter
revenue to be hit.
The company said it expects a $1.3-2.0 million negative
impact on upstream revenue.
Analysts on average expect the company to report revenue of
$204 million for the third quarter, according to Thomson
The company said the shut-in was due to an unscheduled
turnaround of the Eustace processing facility.
The facility, owned and operated by Tristream Energy LLC,
was shut down on August 11, due to an electrical failure that
led to significant damage to the facility's sulfur recovery
Eagle Rock said the current turnaround will involve
replacing all of the tubes in the reaction furnace's waste heat
recovery unit and replacing the catalyst in the sulfur recovery
However, the current turnaround is expected to shorten or
eliminate the need for the 2011 turnaround, the company said.
Shares of the company, which have almost doubled over the
past one year, closed at $6.17 Tuesday on Nasdaq.
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by