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United States

Profile: Midcoast Energy Partners LP (MEP.N)

MEP.N on New York Stock Exchange

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2 Dec 2016
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Midcoast Energy Partners, L.P., incorporated on May 30, 2013, is a limited partnership that serves as Enbridge Energy Partners, L.P.'s (EEP's) primary vehicle for owning and operating its natural gas and natural gas liquids (NGLs) midstream business in the United States. The Company operates through two segments: Gathering, Processing and Transportation, and Logistics and Marketing. The Company also provides marketing services of natural gas and NGLs to wholesale customers.

Gathering, Processing and Transportation

The Company's gathering, processing and transportation business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility. It gathers natural gas from the wellhead and central receipt points on its systems, delivers it to its facilities for processing and treating, and delivers the residue gas to intrastate or interstate pipelines for transmission to wholesale customers, such as power plants, industrial customers and local distribution companies. The Company delivers the NGLs produced at its processing and fractionation facilities to intrastate and interstate pipelines for transportation to the NGL market hubs in Mont Belvieu, Texas and Conway, Kansas. In addition, it delivers NGLs from certain of its facilities to the Texas Express NGL system for transportation on the Texas Express NGL mainline to Mont Belvieu, Texas.

The Company's gathering, processing and transportation business primarily consists of Anadarko system, the East Texas system and the North Texas system, which provides natural gas gathering, processing, transportation and related services in producing basins in east and north Texas, as well as the Texas Panhandle and western Oklahoma. Its Anadarko system includes production from the Granite Wash tight sand formation. Productive horizons in the Granite Wash play include the Hogshooter, Checkerboard, Cleveland, Skinner, Red Fork, Atoka and Morrow formations. The Company's East Texas system gathers production from the Cotton Valley Lime and lean Bossier Shale plays, which are located on the western side of its East Texas system; the Haynesville/Bossier Shale plays, which run from western Louisiana into East Texas, and the Cotton Valley Sand formation, which also runs from western Louisiana into East Texas. The East Texas basin also includes multiple other natural gas and oil formations that are frequently explored, including among others, the Woodbine, Travis Peak, James Lime, Rodessa and Pettite. A substantial portion of natural gas on its North Texas system is produced in the Barnett Shale play within the Fort Worth basin. The North Texas wells are located in the Fort Worth basin. The Texas Express NGL system consists of an NGL gathering system and an NGL intrastate mainline transportation pipeline that originates in Skellytown, Texas, and extends to NGL fractionation and storage facilities located in Mont Belvieu, Texas.

Its gathering, processing and transportation business includes approximately five active and over five standby natural gas treating plants and approximately 15 active and over eight standby natural gas processing plants. In addition, it includes approximately 10,900 miles of natural gas gathering and transmission lines and over 270 miles of NGL gathering and transportation lines.

Logistics and Marketing

The Company's logistics and marketing business provides marketing services of natural gas, NGLs and condensate received from its gathering, processing and transportation business. Its logistics and marketing business purchases and receives NGLs and condensates from pipeline systems and processing plants, and sells and delivers them to wholesale customers, such as distributors, refiners, fractionators, utilities, chemical facilities and power plants. The physical assets of its logistics and marketing business primarily consist of approximately 200 transport trucks, over 370 trailers and approximately 200 railcars for transporting NGLs; TexPan liquids railcar facility near Pampa, Texas, and Petal truck and rail facility near Hattiesburg, Mississippi.

Company Address

Midcoast Energy Partners LP

1100 Louisiana St Ste 3300
HOUSTON   TX   77002-5216
P: +1713.3535653
F: +1713.8212230

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