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Permian Production Called ‘Indisputable Driver’ of U.S. NGL Growth

Permian Production Called ‘Indisputable Driver’ of U.S. NGL Growth

U.S. natural gas liquids (NGL) production, particularly from the Permian Basin, hit record levels near the end of last year, propelling hydrocarbon liquid totals to almost pre-pandemic numbers. According to research by Rystad Energy, domestic NGL output soared to 5.84 million b/d in November, mostly from improving ethane recovery and Gulf Coast supplies rebounding following…

February 11, 2022
Mariner East to Resume Construction After Marsh Creek Settlement

Mariner East to Resume Construction After Marsh Creek Settlement

Pennsylvania’s Department of Environmental Protection (DEP) has cleared the way for Sunoco Pipeline LP to reroute part of its Mariner East natural gas liquids system near Marsh Creek Lake State Park in Chester County, PA. Construction was halted last August when drilling fluids and mud seeped into a part of the lake called Ranger Cove…

December 28, 2021
Targa Gauging Support to Move NGLs from Oklahoma to Mont Belvieu

Targa Gauging Support to Move NGLs from Oklahoma to Mont Belvieu

A Targa Resources Corp. unit on Thursday launched an open season to test support for natural gas liquids (NGL) pipeline transportation capacity from southern Oklahoma to the Mont Belvieu hub. Targa NGL Pipeline Co. LLC is gauging interest through Dec. 17 for capacity from a planned interconnection with upstream pipeline facilities in Oklahoma’s Stephens and…

November 19, 2021
Montney-Focused Arc Resources Speeding Up Activity as Commodity Prices Recover

Montney-Focused Arc Resources Speeding Up Activity as Commodity Prices Recover

Arc Resources Ltd. swiftly accelerated Montney Shale drilling following its C$8.1 billion ($6.5 billion) takeover of Seven Generations Energy Ltd. (7G) last winter, and it’s rewarding shareholders too. The Calgary-based exploration and production (E&P) company holds a Montney-focused portfolio in Alberta and British Columbia (BC) that is weighted 60% to natural gas and 40% to…

November 12, 2021
Antero Maximizing Natural Gas Price Exposure, Citing Bullish Market Outlook

Antero Maximizing Natural Gas Price Exposure, Citing Bullish Market Outlook

Appalachian Basin heavyweight Antero Resources Corp. is maximizing its exposure to natural gas prices heading into next year, betting on a continued bullish outlook for natural gas and natural gas liquids (NGL). Antero is “the least hedged in our company history on the natural gas side as we enter 2022,” CEO Paul Rady said during…

November 3, 2021
Pennsylvania Court Orders Release of Emails by Energy Transfer Regarding ME Pipeline

Pennsylvania Court Orders Release of Emails by Energy Transfer Regarding ME Pipeline

The Delaware County Court of Common Pleas in Pennsylvania last week ordered the public release of emails between Energy Transfer LP, which is expanding the Mariner East (ME) natural gas liquids (NGL) pipeline system, and officials in a county township. Since 2016 ME has carried increasing NGL volumes from processing facilities in the Marcellus and…

October 21, 2021
Energy Transfer Says Jump in Gas Prices, Strength in NGL and Refined Products Boost 2Q2021 Results

Energy Transfer Says Jump in Gas Prices, Strength in NGL and Refined Products Boost 2Q2021 Results

U.S. midstream giant Energy Transfer LP said its natural gas storage and pipeline operation along with its natural gas liquids (NGL) business helped drive stronger second quarter 2021 earnings. The Dallas-based company also said a newly operational expansion project is boosting its transports of oil in the current quarter. Energy Transfer, whose pipelines held up…

August 5, 2021
NGL Energy Sees Momentum Building in DJ Basin, Permian Delaware

NGL Energy Sees Momentum Building in DJ Basin, Permian Delaware

NGL Energy Partners LP, which transports oil and also treats, recycles and disposes of water generated as part of the energy production process – said it got off to a slow start in calendar 2021 because of Winter Storm Uri and lingering effects of the pandemic. But the Tulsa-based company sees brighter days ahead with…

June 4, 2021
Crescent Point Sees Duvernay Driving Steady Improvement in 2021

Crescent Point Sees Duvernay Driving Steady Improvement in 2021

Crescent Point Energy Corp. regained profitability and emerged as an unconventional natural gas producer during the first three months of this year. The Calgary producer predicted steady improvement for the rest of 2021 would result from the C$900 million ( $720 million) purchase in February of 500 square miles of liquids-rich Duvernay formation acreage from…

May 19, 2021
Enerplus Expects Bakken Production to Grow After Acquisitions

Enerplus Expects Bakken Production to Grow After Acquisitions

Canadian independent Enerplus Corp. reported lower year/year production for the first quarter but it is poised to resume growing output in the Bakken Shale of North Dakota following a pair of recent acquisitions. Natural gas production for the firm, which also has assets in the Marcellus Shale, dropped to 255.7MMcf/d in the first three months…

May 14, 2021
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