Profile: Energy Transfer Equity LP (ETE)
7 Mar 2014
Energy Transfer Equity, L.P. (Energy Transfer Equity) is a limited partnership company. The Company has two segments: Investment in ETP and Investment in Regency. ETP is operating a diversified portfolio of energy assets. ETP has natural gas operations that include more than 17, 500 miles of gathering and transportation pipelines, treating and processing assets, and three storage facilities located in Texas. ETP also holds a 70% membership interest in Lone Star NGL LLC (Lone Star), a joint venture that owns and operates natural gas liquid (NGL) storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. Regency is engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of NGLs. Regency also holds a 30% membership interest in Lone Star. In May 2011, the Company acquired LDH Energy Asset Holdings LLC (LDH). On December 2, 2011, Ranch Westex JV LLC (Ranch JV) was formed by Regency, Anadarko Pecos Midstream LLC and Chesapeake West Texas Processing, L.L.C., each owning 33.33% of the joint venture.
Regency owns four investments in joint ventures: a 49.99% general partner interest in its RIGS Haynesville Partnership Co. joint venture (HPC), which owns Regency Intrastate Gas System (RIGS), a 450 mile intrastate pipeline that delivers natural gas from Northwest Louisiana to downstream pipelines and markets; a 50% membership interest in Midcontinent Express Pipeline LLC (MEP), which owns an interstate natural gas pipeline with approximately 500 miles stretching from Southeast Oklahoma through Northeast Texas, northern Louisiana and Central Mississippi to an interconnect with the Transcontinental Gas Pipe Line system in Butler, Alabama; a 30% membership interest in Lone Star, an entity owning a diverse set of midstream energy assets including NGL pipelines, storage, fractionation and processing facilities located in Texas, Mississippi and Louisiana, and a 33.33% interest in Ranch JV. The Company’s subsidiaries include Energy Transfer Partners, L.P. (ETP); Energy Transfer Partners GP, L.P. (ETP GP), the general partner of ETP; Energy Transfer Partners, L.L.C. (ETP LLC), ETP GP’s general partner; Regency Energy Partners LP (Regency); Regency GP LP (Regency GP), the general partner of Regency, and Regency GP LLC (Regency LLC), Regency GP’s general partner.
Investment in ETP
The Company through ETP’s intrastate transportation and storage operations owns and operates approximately 8,300 miles of natural gas transportation pipelines and three natural gas storage facilities located in the state of Texas. Through Energy Transfer Company (ETC OLP), ETP owns intrastate pipeline system in the United States with interconnects to Texas markets and to consumption areas throughout the United States. ETP’s intrastate transportation and storage operations focuses on the transportation of natural gas to markets from various prolific natural gas producing areas through connections with other pipeline systems, as well as through ETP’s Oasis pipeline, its East Texas pipeline, its natural gas pipeline and storage assets that ETP refers to as the ET Fuel System, and its HPL System.
The Company through ETP’s interstate transportation operations owns and operates approximately 2,880 miles of interstate natural gas pipeline and has a 50% interest in the joint venture that owns the 185-mile Fayetteville Express pipeline. Through ETP’s midstream operations, it owns and operates approximately 7,400 miles of in-service natural gas gathering pipelines, two natural gas processing plants, 15 natural gas treating facilities and 11 natural gas conditioning facilities. ETP’s midstream operations focuses on the gathering, compression, treating, blending, processing and marketing of natural gas, and its operations are concentrated in producing basins and shales, including the Austin Chalk trend and Eagle Ford Shale in South and Southeast Texas, the Permian Basin in West Texas and New Mexico, the Barnett Shale in North Texas, the Bossier Sands in East Texas, and the Uinta and Piceance Basins in Utah and Colorado, the Marcellus Shale in West Virginia, and the Haynesville Shale in East Texas and Louisiana. Many of ETP’s midstream assets are integrated with its intrastate transportation and storage assets.
The Company through ETP's NGL transportation and services operations owns and operates an approximately 45-mile NGL pipeline and has a 50% interest in the Liberty pipeline, an approximately 85-mile NGL pipeline. ETP also has a 70% interest in the Lone Star joint venture that owns approximately 1,400 miles of NGL pipelines, three processing plants, one fractionation facility and NGL storage facilities with aggregate working storage capacity of 47 million Barrels. ETP’s other operations include wholesale propane and natural gas compression services.
ET Fuel System has a capacity of 5.2 billion cubic feet per day. ET Fuel System has approximately 2,950 miles of natural gas pipeline. The ET Fuel System serves some of the active drilling areas in the United States and is comprised of intrastate natural gas pipeline and related natural gas storage facilities. The ET Fuel System also includes ETP’s Bethel natural gas storage facility, with a working capacity of 6.4 billion cubic feet, an average withdrawal capacity of 300 million cubic feet per day and an injection capacity of 75 million cubic feet per day, and its Bryson natural gas storage facility, with a working capacity of six billion cubic feet, an average withdrawal capacity of 120 million cubic feet per day and an average injection capacity of 96 million cubic feet per day. The Oasis pipeline is primarily a 36-inch natural gas pipeline. It has bi-directional capability with approximately 1.2 Billion cubic feet per day of throughput capacity. HPL System has Capacity of 5.5 billion cubic feet per day and covers Approximately 4,350 miles of natural gas pipeline. East Texas Pipeline has Capacity of 2.4 billion cubic feet per day and covers Approximately 370 miles of natural gas pipeline.
Transwestern Pipeline has capacity of 2.1 billion cubic feet per day and covers approximately 2,690 miles of interstate natural gas pipeline. Tiger Pipeline has capacity of 2.4 billion cubic feet per day and covers approximately 195 miles of interstate natural gas pipeline. Fayetteville Express Pipeline has capacity of two billion cubic feet per day and covers approximately 185 miles of interstate natural gas pipeline. Southeast Texas System covers approximately 5,540 miles of natural gas pipeline. North Texas System covers approximately 160 miles of natural gas pipeline. Canyon Gathering covers approximately 1,390 miles of natural gas pipeline. Northern Louisiana covers approximately 240 miles of natural gas pipeline. ETP's assets in its NGL transportation and services operations are owned by Lone Star, in which ETP has a 70% interest. West Texas System has capacity of 137,000 barrels and covers approximately 1,170 miles of NGL transmission pipelines. Mont Belvieu Storage Facility has working storage capacity of approximately 43 million barrels and covers approximately 140 miles of NGL transmission pipelines. Hattiesburg Storage Facility has working storage capacity of four million barrels.
Investment in Regency
Regency focuses on providing midstream services in some of the prolific natural gas producing regions in the United States, including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Bone Spring and Avalon Shales, as well as the Permian Delaware basin. Its assets are primarily located in Texas, Louisiana, Arkansas, Pennsylvania, California, Mississippi, Alabama, West Virginia and the mid-continent region of the United States, which includes Kansas, Colorado and Oklahoma.
Regency provides services to producers of natural gas, which include transporting raw natural gas from the wellhead through gathering systems, processing raw natural gas to separate NGLs and selling or delivering the pipeline-quality natural gas and NGLs Regency owns and operates a fleet of compressors used to provide turn-key natural gas compression services for customer specific systems. Regency owns and operates a fleet of compressors used to provide turn-key natural gas compression services for customer specific systems. Regency owns and operates a fleet of equipment used to provide treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration and British thermal unit (BTU) management, to natural gas producers and midstream pipeline companies. Regency also owns a small regulated pipeline.
Regency operates gathering and processing assets in four geographic regions of the United States: North Louisiana, the mid-continent region of the United States, South Texas and West Texas. Regency contracts with producers to gather raw natural gas from individual wells or central receipt points, which may have multiple wells behind them, located near its processing plants, treating facilities and/or gathering systems. Regency’s North Louisiana assets gather, compress, treat and dehydrate natural gas in five Parishes (Claiborne, Union, DeSoto, Lincoln and Ouachita) of North Louisiana and Shelby County, Texas. South Texas Region has approximately 565 miles of natural gas pipeline. Regency owns a 60% interest in an entity that includes a treating plant in Atascosa County with a 500 gallons per minute amine treater, pipeline interconnect facilities and approximately 13 miles of 10-inch pipeline. West Texas Region has approximately 806 miles of natural gas pipeline. Mid-Continent Region has approximately 3,470 miles of natural gas pipeline.
Energy Transfer Equity LP
3738 Oak Lawn Ave
DALLAS TX 75219
Company Web Links
- Hedge fund Kingdon Capital sees room for growth at Energy Transfer Equity
- UPDATE 1-Hedge fund Kingdon Capital sees room for growth at Energy Transfer Equity
- Hedge fund Kingdon Capital sees room for growth at Energy Transfer Equity
- Regency Energy to buy pipeline assets in Texas for $1.6 billion
- UPDATE 2-Regency Energy to buy pipeline assets in Texas for $1.6 bln