Mountaineer NGL concludes open season for natural gas liquid storage
DENVER, Colorado -- Mountaineer NGL Storage, LLC, has concluded a successful non-binding open season for its natural gas storage project near Clarington, Ohio. The open season resulted in requests for more than three times the amount of initial planned capacity.
David Hooker, managing director of Mountaineer NGL Storage, said that scaled development begins in late May.
"We'll begin the permitting process for LPG storage, initiating a 3D seismic shoot over the property, drilling a test well, and coring the salt to confirm its suitability for LPG storage," he said.
The Mountaineer NGL Storage Project should break ground in early 2017 with a planned in-service date of early 2018.
The project plans to offer up to 2 MMbbl of initial storage capacity with more than 40,000 bpd of load-in and load-out. The project will store ethane, propane, butane and y-grade products for a growing number of gas processors, producers, markets and commodity traders that are interested in exploiting the wet gas production from the Marcellus/Utica shales.
"We're pleased to see that the support of this project in the heart of the Marcellus/Utica wet gas shale play is as strong as it is," said Hooker.
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