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Ngls

Hammerhead Looks to Attack Montney for Natural Gas, Liquids Using CCS

Hammerhead Looks to Attack Montney for Natural Gas, Liquids Using CCS

Strong Montney Shale drilling results have prompted private equity giant Riverstone Holdings LLC to combine Hammerhead Resources Inc. and Decarbonization Plus Acquisition Corp. (DCRD) into an Alberta-based growth firm. The deal primes Hammerhead with C$240 million ($180 million) for greenhouse gas (GHG) reductions using carbon capture and storage (CCS) while doubling production by 2030. “We…

September 30, 2022
Montney NGL System OK’d in Split Decision by Canada Regulators

Montney NGL System OK’d in Split Decision by Canada Regulators

The NEBC Connector, which would move around 98,000 b/d of Montney Shale liquid byproducts, has cleared a court hurdle erected last year that stiffened protection of Indigenous territory in northeastern British Columbia (BC). NorthRiver Midstream NEBC Connector GP Inc., a subsidiary of Brookfield Infrastructure LP, was seeking approval by the Canada Energy Regulator (CER) to…

September 2, 2022
Phillips 66, Enbridge Realign DCP Midstream, Gray Oak Stakes

Phillips 66, Enbridge Realign DCP Midstream, Gray Oak Stakes

Phillips 66 and Enbridge Inc. have agreed to merge and exchange interests in a natural gas liquid-heavy (NGL) midstream firm and crude oil pipeline through a  joint venture in a move management from both companies say will enhance value. In the deal disclosed Wednesday evening, Phillips would increase its ownership in DCP Midstream LP, a…

August 18, 2022
EnLink Expects Permian, Oklahoma to Lead Natural Gas Supply Growth in 2023

EnLink Expects Permian, Oklahoma to Lead Natural Gas Supply Growth in 2023

Higher commodity prices are driving double-digit natural gas volume growth in the Permian Basin for EnLink Midstream LLC, but the turnaround in Oklahoma production is “perhaps the most impressive,” according to management. “The volume story out of Oklahoma continues to brighten as producers have responded to the improved pricing environment,” said EnLink COO Ben Lamb…

May 25, 2022
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
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