Enable Midstream Partners, LP (ticker: ENBL) announced that its wholly-owned subsidiary, Enable Gas Transmission, LLC (ticker: EGT), has entered into a 205,000 Dth/d firm natural gas transportation agreement with Newfield Exploration Company (ticker: NFX), a top producer in the growing SCOOP and STACK plays. The 10-year contract is associated with EGT’s recently announced Cana and STACK Expansion (CaSE) project and is expected to start at an initial capacity of 45,000 Dth/d in early 2018, growing to the full 205,000 Dth/d of contracted capacity by the fourth quarter of 2018.
“We are pleased to provide Newfield with a timely, cost-effective and flexible natural gas transportation solution out of the Anadarko Basin with access to premium markets,” said Rod Sailor, Enable’s President and CEO. “This project capitalizes on Enable’s substantial transportation footprint in the basin while adding significant firm, fee-based revenues.”
Open seasons for the CaSE project and the Kingfisher Extension project on the Enable Oklahoma Intrastate Transmission, LLC (EOIT) system closed on March 28. Enable is currently evaluating the bids received to determine customer demand for additional capacity.
Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The company’s assets include approximately 12,900 miles of gathering pipelines, 14 major processing plants with approximately 2.5 Bcf/d of processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50 percent), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 85.0 billion cubic feet of storage capacity.
