Kruse Asset Management

The plant was built in 1983, and would be worth approximately $4.2M refurbished, with upgraded modern controls. Unit is being sold “As-is, Where-is.”
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Listing Details

Located in Millsap, Texas
This plant was formerly located at DCP Midstream’s Three Rivers location in Live Oak County, Texas. The plant was designed and built by T. H. Russell Company and it was originally installed at the Three Rivers location in 1983. The equipment is in very good condition having been operated and maintained until 2006 when it was placed on standby with a blanket of gas maintained on all vessels and piping. In late 2009, the equipment was removed from the Three Rivers site and is now located at a yard in Millsap, Texas.

The plant was maintained with a gas blanket or a nitrogen blanket until removal. All of the internals appear to be in good condition. Prior to dismantling the plant, the owner marked and removed the plant in such a manner that the engineering and reassembly costs can be kept to a minimum.

One recent study ran the plant with 25,000 Mcf/d of inlet volume with an inlet dry btu of 1235.062 with the following gas analysis and recovery:

Plants Specifications:

· At 25 MMCFD Design Condition, the plant was designed to recover 80.99% of the Ethane Stream. It was not designed for Ethane rejection.

· At the Design Condition, the plant was designed to recover 99.17% of the Propane Stream.

· Design Condition – 25 MMSCFD @ 90 degrees Fahrenheit, 845 psig.

· Water saturated. The plant has a dual molecular sieve dehydration bed with regeneration.

· The original Design Condition was 1,080 BTU with approximately 3.4 GPM. The plant does not have refrigeration

TERMS OF SALE: Minimum bid on units is $985,000. Buy it Now! price of $1,750,000. Bids may be submitted by email (dan@kruseasset.com), or by fax (866) 827-7227 and must be received by Thursday, May 7, 2015 at 5PM CST. All buyers should inspect the equipment prior to making an offer. All offers must be in US dollars and currency. All offers must be for Cash, Cashier’s Check, Money Order, or bank wire paid to Kruse Asset Management Inc. according to agreed amount for purchase of units and should include a 10% earnest money down payment, which will be held in escrow until the winning bid is declared and accepted. Wire instructions will be provided to each bidder. If your bid is accepted, the down payment becomes non-refundable. The balance will be required to be wired according to our terms by Monday, May 11, 2015 and a Bill of Sale will be issued. All bids not accepted will be returned within 72 hours after deadline. ADDITIONAL INFORMATION: Additional images and complete inventory may be found on website. Inventories as well as images may vary. Please call for an appointment. All items are sold “AS IS, WHERE IS, WITH ALL FAULTS” and without guarantee or warranty of any kind, either expressed or implied. Information in this advertising and on the website has been generated by the Seller and Kruse Asset Management and is merely a guide. TxE 7674, Daniel J Kruse, CAI. Please call if you have any questions. Thank you for your consideration.