San Antonio-based Howard Energy Partners (HEP) completed approximately $800 million in growth projects in 2023, according to a Dec. 13 press release.
The projects consist of new pipelines and processing facilities in “the most active oil and gas producing basins in the United States” and new storage and logistics facilities for renewable diesel on the Texas Gulf Coast, the release stated.
HEP achieved record volumes this year with the company’s current natural gas average throughput of over 2.5 Bcf/d and current average terminalling throughput of over 160,000 bbl/d.
“As we look to 2024, our strong liquidity position of nearly $1 billion will allow us the ability to quickly execute on new opportunities and continue our strong growth trajectory,” said Mike Howard, HEP’s chairman and CEO.
South Texas Expansion
HEP completed its new South Texas natural gas pipeline and facility expansion in early November. The Spears project includes a 62- mile, 36-inch pipeline with the ability to transport up to 1 Bcf/d of incremental natural gas volumes to Gulf Coast LNG facilities, according to the release.
Port Arthur Terminal Expansion
The company completed expansion projects at its 450-acre terminal facility in Port Arthur, Texas, to support Diamond Green Diesel’s new 470 million gallons per year renewable diesel facility at Valero’s Port Arthur refinery. The expansion includes a second deepwater dock with additional capacity for third-party shippers.
HEP commissioned new facilities to handle refinery grade propylene and polymer grade propylene, including rail transloading spots, pressurized storage and associated pipelines and pumps, the release added.
Delaware Basin Expansion
HEP also finished its 200 MMcf/d Train 3 expansion of the Stateline natural gas processing complex in Orla, Texas, increasing total processing capacity to over 600 MMcf/d.