Credit: Shutterstock photoEnergy Transfer Partners, L.P. ( ETP ) is down 0.35% to $42.33 while Regency Energy Partners LP ( RGP ) is up 0.75% to $21.24. The companies earlier announced that Lone Star Fractionator I, located at Mont Belvieu, Texas, is now in service.
The 100,000 barrels per day natural gas liquids ( NGL ) fractionation facility owned by Lone Star NGL LLC, a joint venture between the 2 partnerships, will handle NGL barrels delivered from several sources, including Lone Star's recently completed West Texas Gateway NGL pipeline, via ETP's Justice NGL Pipeline.
Fractionator I is the first of 2 fractionators, both 100,000 barrels per day of capacity, that Lone Star is placing in service to meet the critical NGL fractionation needs due to prolific NGL production in the Permian and Eagle Ford regions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
