Heyco Energy Group Invests in Gas Converting Plant for Eagle Ford Shale Area
- May 02, 2014
By Anca Gagiuc, Associate Editor
Dallas-based Heyco Energy Group is developing a new plant about an hour-and-a-half east of San Antonio, in Lavaca County on alternate U.S. Highway 77. It will produce liquefied natural gas (LNG), which will be sold to fuel distributors in the Eagle Ford Shale area, but not directly to the public or LNG users.
The project is estimated to cost around $91 million. Construction is scheduled to begin in May or June and should be finalized within eight to 11 months. The facility, the company’s first of this kind, will convert natural gas extracted from the shale into LNG, used to fuel drilling rigs and hydraulic fracturing equipment used in the area. Enterprise Products Partners will provide Heyco with gas.
“Producers have figured out that it takes a lot of energy to find and produce energy,” Heyco President Chris Coleman reported to the San Antonio Business Journal. “They’re recognizing that LNG is less expensive than diesel fuel and has lower emissions.” An ever-increasing number of oil and gas producers are using cleaner fuels, this way solving two problems with one solution: reducing the creation of greenhouse gas and cutting costs.