Waskom finishes Texas gas processing expansion
Waskom Gas Processing Co. (WGPC) has completed the previously-announced expansion of gas processing capacity at its gas processing and natural gas liquids fractionation facility in Waskom, Texas, according to part owner Martin Midstream.
The new nameplate gas processing capacity at the Waskom complex is 320 million cubic feet/day, an increase of 35 million cubic feet/ day.
The expansion project was completed ahead of schedule and at its originally budgeted cost of $13 million on a consolidated basis.
In addition, Martin said it is pleased to report substantial progress on the natural gas liquids rail car loading facility also being constructed by WGPC for the transportation of natural gas liquids produced at the Waskom gas processing facility to end users. T
This project is anticipated to be placed into service in late December 2011.
WGPC is a Texas general partnership whose equal 50% ownership general partners are CenterPoint Energy and Prism Gas Systems, the operator of WGPC, and an indirect, wholly-owned subsidiary of Martin.
Martin noted that it has additional previously-announced organic growth projects in the form of new crude oil tankage and a marine terminal under construction at the Port of Corpus Christi, Texas.
The Corpus project is progressing according to plan and will be able to accept trucked-in crude oil volumes by December 31, the company said. The terminal is anticipated to be fully functional by the end of the first quarter 2012.
Lastly, Martin is also constructing a new $23 million vacuum tower at its cross oil lubricant processing facility in Smackover, Arkansas.
This investment will increase the facility's efficiency by reducing the amount of non-lubricant residual oil produced. This project is on budget and is targeted to go online March 2012.
Ruben Martin, CEO of Martin Midstream, said: "We are pleased with the progress of these capital projects and can report that each is on schedule and on budget. Going forward, I envision similar organic growth as we continue providing the logistical solutions our customers seek across our diverse operations."
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