Regency Energy Partners LP (Nasdaq: RGNC), Alinda Capital Partners LLC (“Alinda”) and an affiliate of GE Energy Financial Services (collectively, the “Joint Venture”) announced today that its Haynesville Expansion Project and Red River Lateral are in service. The Haynesville Expansion Project and the Red River Lateral increase the total pipeline capacity of the Regency Intrastate Gas System (“RIGS”) to approximately 2.1 Bcf/d.
“The Haynesville Expansion Project was specifically constructed to provide much needed takeaway capacity for Haynesville Shale gas in North Louisiana and is the first major project to be placed in service in the region,” said Byron Kelley, chairman, president and chief executive officer of Regency. “This accomplishment is a testament to the execution and dedication of our construction team and contractors, who worked diligently to ensure an under-budget completion, despite challenging weather conditions.”
“We continue to see impressive drilling results in the Haynesville Shale, and the Joint Venture is evaluating additional expansions to RIGS, which we believe is well positioned for future growth in the region,” continued Kelley.
The Haynesville Expansion Project and the Red River Lateral are underwritten by firm transportation agreements with 10-year terms, and approximately 85 percent of projected revenues are expected to come from reservation fees. RIGS will begin charging shippers for reservation fees commencing February 1, 2010.
Buck
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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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