San Antonio-based Howard Energy Partners (HEP) announced the successful completion of approximately $800 million in growth projects in 2023, including major pipelines, processing facilities, and storage and logistics facilities for renewable diesel. The expansion projects were carried out in the most active oil and gas producing basins in the United States.
In 2023, HEP achieved record volumes, with a current average natural gas throughput of over 2.5 billion cubic feet per day (Bcf/d) and current average terminalling throughput of more than 160,000 barrels per day (bpd), marking a 7 percent and 25 percent increase in volumes over 2022, respectively. The company accomplished these milestones while maintaining a perfect safety record throughout the year.
Mike Howard, HEP Chairman and CEO, expressed satisfaction, stating, “This has been a milestone year for Howard Energy Partners. We are extremely pleased to have successfully completed several strategic growth projects that substantially increase our ability to help customers move their products to market.”
Key highlights of the expansion projects include:
South Texas Expansion:
Port Arthur Terminal Expansion:
Delaware Basin Expansion:
Safety and ESG Achievements:
Looking ahead to 2024, Howard Energy Partners is well-positioned with a strong liquidity position of nearly $1 billion to seize new opportunities and continue its growth trajectory.