Enterprise Products Partners LP transported record volumes on its pipeline systems during the third quarter of 2022, buoyed by the natural gas gathering and processing business it acquired from Navitas Midstream Partners LP earlier this year.


However, management acknowledged that pipeline capacity in the Permian Basin is tight, and more negative gas pricing may be on the way for the producing region.

Speaking to investors on the 3Q2022 earnings call earlier this week, Enterprise Chief Commercial Officer Brent Secrest said larger private exploration and production companies “still have a fairly robust growth plan” for 2023 despite the lack of spare pipeline capacity out of the Permian. He pegged growth in the Midland sub-basin gas business of around 23% in 2023, while the...