Williams Partners Brings Two Units Back into Service at its Opal, Wyo. Gas-Processing Plant

By Business Wire,  May 01, 2014, 08:00:00 AM EDT

TULSA, Okla.--(BUSINESS WIRE)-- Williams Partners (NYSE:WPZ) has brought back into service two cryogenic processing trains that were shut down last week when a fire occurred at TXP-3, one of the five processing trains at the Opal, Wyo. gas-processing facility. The two units now back in service, TXP-1 and TXP-2, have a combined design processing capacity of 395 million cubic feet of gas per day.

The two other units that were part of the shutdown, TXP-4 and TXP-5, remain offline as the company works to take the necessary steps to bring additional portions of the plant into service in a safe, systematic and timely manner.

At the time of the incident, the Opal Gas-Processing Plant was processing daily inlet volumes of approximately 1 billion cubic feet of natural gas. The capacity of the TXP-1, -2, -4 and -5 plants totals 1.1 billion cubic feet of gas per day, which is sufficient to handle all of the natural gas currently available to the facility. TXP-4 was idle at the time of the fire, serving as excess capacity for the facility.

The initial visual assessment of damage indicates that the impact was largely limited to a small area of the TXP-3 plant. Information from the company's visual inspection of the damage area indicates that there was a release of natural gas that was subsequently ignited. The company, in coordination with regulatory agencies, is focusing the investigation on the cause of the release and source of ignition.

The entire facility was put in immediate full shutdown when the fire occurred at approximately 2 p.m. local time on April 23. There were no reported injuries or damage to property outside the facility. The plant's emergency procedures performed as designed.

The company has insurance, subject to retentions (deductibles), for property damage and business interruption; it expects the coverage to mitigate the financial effects of the incident.

The company is working to address the needs of customers whose business is affected by the temporary shutdown of operations at the Opal facility.

About Williams Partners L.P. (NYSE:WPZ)

Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 14 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains, both onshore and offshore along the Gulf of Mexico, and Canada. Williams (NYSE:WMB) owns approximately 66 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com, where the partnership routinely posts important information.

About Williams (NYSE:WMB)

Williams is one of the leading energy infrastructure companies in North America. It owns interests in or operates 15,000 miles of interstate gas pipelines, 1,000 miles of NGL transportation pipelines, and more than 10,000 miles of oil and gas gathering pipelines. The company's facilities have daily gas processing capacity of 6.6 billion cubic feet of natural gas, NGL production of more than 200,000 barrels per day and domestic olefins production capacity of 1.35 billion pounds of ethylene and 90 million pounds of propylene per year. Williams owns approximately 66 percent of Williams Partners L.P. (NYSE:WPZ), one of the largest diversified energy master limited partnerships. Williams Partners owns most of Williams' interstate gas pipeline and midstream assets. Williams also owns certain domestic olefins pipelines assets, as well as a significant investment in Access Midstream Partners, L.P. (NYSE:ACMP), a midstream natural gas services provider. The company's headquarters is in Tulsa, Okla. For more information, visit www.williams.com, where the company routinely posts important information.

Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the partnership's annual reports filed with the Securities and Exchange Commission.

Source: Williams Partners L.P.

This article appears in: News Headlines

Referenced Stocks: ACMP, WMB, WPZ

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