After Covid-19 whipsawed the global economy over the past two years, Enterprise Products Partners LP (EPD) expects 2022 to bring a continuation of the global economic recovery and growth in crude oil, natural gas and natural gas liquids (NGL) production in the United States, driven primarily by the Permian Basin and Haynesville Shale.

“We believe both will provide Enterprise a solid economic foundation,” CEO Jim Teague said Tuesday during the fourth quarter conference call.

EPD’s natural gas processing and NGL businesses recently gained entry into the Midland sub-basin of the Permian Basin with the announced acquisition of Navitas Midstream Partners LLC.

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