Enable Midstream Completes Bradley II Plant In Oklahoma

Enable Midstream Partners LP (NYSE:ENBL) has completed the construction of the Bradley II Plant, which can process up to 200 million cubic feet (MMcf) of natural gas per day. The facility is located in Grady County, OK which further enhances Enable Midstream’s natural gas gathering and processing capabilities in the SCOOP and STACK plays in central Oklahoma.

Like most companies in the oil and natural gas business, Enable Midstream, had to take some hard steps to control cost to counter the challenging market condition. Notably, the partnership was able to complete the Bradley II project just 14 months after Bradley I became operational. The first plant on the site also has a capacity of 200 million cubic feet per day.

Details of the Project

The Bradley II plant is the ninth cryogenic natural gas processing plant to be connected to Enable Midstream's super-header processing system, which has total capacity of almost 1.7 billion cubic feet of natural gas per day.

ENABLE MIDSTRM Price

Bradley II will also provide natural gas supply into Enable’s interstate and intrastate transportation pipelines for delivery to downstream markets in the midcontinent and southeast United States.

Future Prospects

SCOOP and STACK are considered among the top resource plays in the country. Enable Midstream appears to be well positioned to capitalize on producer’s growth in the Anadarko Basin. The partnership’s super header processing system interconnects 9 of its 10 natural gas processing plants in the Anadarko basin. It has an inlet processing capacity of over 1.45 billion cubic feet per day.

Notably, Enable Midstream has a portfolio of interconnected assets, which are strategically positioned to support the long-term supply and demand dynamics in and around the partnership’s footprint.

Zacks Rank & Key Picks

Enable Midstream currently carries a Zacks Rank #2 (Buy).

Some other favorably placed stocks in the same space include CONE Midstream Partners LP (NYSE:CNNX) , Rose Rock Midstream, L.P. (NYSE:RRMS) and ONEOK (NYSE:OKE) Partners, L.P. (NYSE:OKS) . While both CONE Midstream Partners and Rose Rock Midstream sport a Zacks Rank #1 (Strong Buy), ONEOK Partners holds the same rank as Enable Midstream.