Mountaineer NGL Moves Ahead with Storage Project
DENVER — Mountaineer NGL LLC has concluded its non-binding open season for its natural gas liquids storage project along the Ohio River in Monroe County, Ohio.
Mountaineer is developing an underground storage area with more than 40,000 barrels per day of load-in, load-out capacity. The facility will store, in the subsurface Salina salt formation, ethane, propane, butane and y-grade products for gas processors, producers and commodity traders interested in exploiting the wet gas production from the Marcellus and Utica shale plays.
David Hooker, managing director of Mountaineer, said that scaled development would soon begin.
“We’ll begin the permitting process of LPG storage, initiating a 3-D seismic shoot over the property, drilling a test well, and coring the salt to confirm its suitability for LPG storage,” he said.
The project is expected to break ground in early 2017 with a planned in-service date of early 2018.
Mountaineer NGL Storage LLC, is a privately held energy company that is owned by its management team and has a project development agreement with private equity sponsor West Street Energy Partners LP, an investment fund managed by the Goldman, Sachs & Co.
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