Copano Energy, L.L.C. will extend its wholly owned 96-mile, 24-inch DK Pipeline in the Eagle Ford Shale play by adding 65 miles of 24-inch pipeline southwest into McMullen County, TX which will allow Copano to access significant new Eagle Ford volumes. The DK Pipeline extension is expected to begin service in early 2013 and is projected to cost $120 million. The pipeline extension will follow the same route as Copano's recently announced condensate pipeline, Double Eagle Pipeline LLC, a joint venture with Magellan Midstream Partners, L.P., in the rich gas window of the Eagle Ford Shale. The extension of the DK Pipeline is supported by a new long-term agreement with Petrohawk Energy Corp., a subsidiary of BHP Billiton and a leading operator in the Eagle Ford Shale. Copano will provide Petrohawk with gathering, processing and NGL handling services for a significant commitment of natural gas volumes from leases in McMullen County.
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