A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals.

Matterhorn Express Pipeline

Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream LLC, EnLink Midstream, LLC, Devon Energy Corp. and MPLX LP. The group made the final investment decision (FID) after securing sufficient firm transportation agreements with shippers.

The 42-inch diameter pipeline would traverse 490 miles, carrying supply from multiple upstream connections in the Permian. Included would be direct connections to processing facilities in the Permian Midland sub-basin through a 75-mile lateral, as well as...