Fractionation. MNGL agrees to fractionate all of the Y-grade delivered to MNGL by or for the account of Amoco, and MNGL shall deliver to Amoco a quantity of barrels of each Product equivalent to 100% of the barrels of each such Product contained in the Y-grade so delivered to MNGL. Any loss or reduction in the number of barrels of Y-grade delivered by Amoco to MNGL which occurs as a result of the fractionation hereunder shall be borne by MNGL and not by Amoco.
Fractionation. The Company's gross operating margin for the Fractionation segment decreased to $25.7 million in 2001 from $34.3 million in 2000. NGL fractionation margin for the first quarter of 2001 decreased $10.4 million compared to 2000 due to lower volumes and higher energy costs. NGL fractionation net volumes decreased to 165 MBPD in 2001 from 218 MBPD in 2000 as a result of lower extraction rates at gas processing facilities in 2001 versus 2000 when the industry was maximizing NGL production. For the first quarter of 2001, gross operating margin from isomerization services increased $4.5 million compared to 2000 primarily due to an increase in volumes and toll processing fees. Isomerization volumes increased to 70 MBPD during the first quarter of 2001 versus 67 MBPD during the same period in 2000 due to solid demand for the Company's services. Gross operating margin for the first quarter of 2001 from propylene fractionation decreased $2.3 million compared to the first quarter of 2000 primarily due to higher energy costs and moderating prices. Net propylene fractionation volumes were 30 MBPD for both periods. Pipeline. The Company's gross operating margin for the Pipeline segment was $18.1 million in the first quarter of 2001 compared to $14.6 million in 2000. The improvement in gross margin was due to strong demand for transportation services on the Xxx-Xxx NGL Pipeline, which was operational for the entire first quarter of 2001; increased demand and a larger ownership interest in the Dixie propane pipeline and the January 29, 2001 acquisition of interests in four Gulf of Mexico offshore Louisiana natural gas pipeline systems from EPE. Net liquids throughput on the Company's major NGL and petrochemical pipeline systems averaged 356 MBPD for the first quarter of 2001 compared to 374 MBPD for the first quarter of 2000. Net natural gas throughput for the recently acquired natural gas pipelines was 506 thousand decatherms per day ("Mdth/D").
Fractionation. Ethanex agrees to use its commercially reasonable best efforts to obtain necessary permits and commence construction as soon as practical after the Phase I Closing on a corn fractionation and corn oil extraction facility (the “Fractionation Plant”). The Fractionation Plant will utilize Xxxxxx manufactured milling equipment with a design capacity to process a minimum of 48 million bushels of corn per year with a starch loss from the fractionation process of not more than 4.4%. The Fractionation Plant will also include a Crown Ironworks corn oil expelling system with a design capability of expelling a minimum of .8 pounds of food grade crude corn per bushel of corn, or an annual capacity of 19,200 tons per year. Ethanex will use its commercially reasonable efforts to coordinate the start-up of the Fractionation Plant with the start-up of the Phase II facility and to reach full capacity at the time of the Phase III Closing.
Fractionation. The process of applying various levels of higher pressure and lower temperature to separate a stream of natural gas liquids into ethane, propane, normal butane, isobutane and natural gasoline for end-use sale. FRP: Front Range Pipeline LLC. GAAP: Generally accepted accounting principles in the United States. IDRs: Incentive distribution rights. Imbalance: Imbalances result from (i) differences between gas and NGL volumes nominated by customers and gas and NGL volumes received from those customers and (ii) differences between gas and NGL volumes received from customers and gas and NGL volumes delivered to those customers. Initial assets: The assets and liabilities of Anadarko Gathering Company LLC, Pinnacle Gas Treating LLC and MIGC LLC, which Anadarko contributed to XXX concurrently with the closing of WES’s IPO in May 2008. IPO: Initial public offering. LIBOR: London Interbank Offered Rate. MBbls/d: One thousand barrels per day. MGR: Mountain Gas Resources, LLC.
Fractionation. After being extracted in the field, mixed NGLs, sometimes referred to as “Y-grade” or “raw NGL mix,” are typically transported to a centralized facility for fractionation where the mixed NGLs are separated into discrete NGL products: ethane, ethane-propane mix, propane, normal butane, iso-butane and natural gasoline. The Partnership’s fractionation assets include ownership interests in three stand-alone fractionation facilities that are located on the Gulf Coast, two that it operates, one at Mont Belvieu, Texas and the other at Lake Charles, Louisiana. The Partnership has an equity investment in the third fractionator, GCF, also located at Mont Belvieu. The Partnership is subject to a consent decree with the Federal Trade Commission, issued December 12, 1996, that, among other things, prevents it from participating in commercial decisions regarding rates paid by third parties for fractionation services at GCF. This restriction on the Partnership’s activity at GCF will terminate on December 12, 2016. In addition to the three stand-alone facilities in the Logistics Assets segment, see the description of fractionation assets in the North Texas System and XXX in the Gathering and Processing segment. The Partnership expanded the fractionation capacity of its assets during the last three years with the following projects:
