Ngls

An MPLX LP subsidiary launched a binding open season on Wednesday for commitments on a natural gas liquids (NGL) pipeline that would serve growing volumes in the Appalachian Basin.

The overflowing basket of investments since 2010 by the U.S. chemical and plastics industry now surpasses $200 billion, nearly all of it tied to plentiful natural gas and natural gas liquids (NGL) supply, the American Chemistry Council (ACC) said Tuesday.

Natural gas byproducts are on the rise as a Canadian growth star, propelled by horizontal drilling and hydraulic fracturing into liquids-rich sweet spots of shale and tight gas formations in northern Alberta and British Columbia (BC).

Like Mark Twain once said of false news reports about himself, the “demise” of the Denver-Julesburg (DJ) Basin in Colorado may be greatly exaggerated. Despite concerns that environmental protests and more restrictive regulations are driving operators to other states, it remains one of the nation’s top producing basins.

Apache Corp., which is working to secure takeaway options for its surging Alpine High project in West Texas, has inked a long-term agreement that gives Enterprise Products Partners LP 100% of the liquids production.

For nearly a decade, Steve Hedrick and his colleagues have been trying to make a natural gas liquids (NGL) storage hub in the Appalachian Basin a reality. Those efforts came one step closer to fruition on Wednesday.

Antero Resources Corp. is guiding for continued improvements in natural gas liquids (NGL) pricing in 2017, and its acreage holdings and infrastructure position mean the company is ready to take advantage, management told analysts.

Phillips 66 Partners LP (PSXP) said it has reached an agreement to acquire natural gas liquids (NGL) assets in southeast Louisiana — including approximately 500 miles of pipelines, a storage cavern and other facilities — from Chevron Corp.

Executives with Targa Resources Corp. (TRGP) were on the defensive with analysts Tuesday after the company announced it would fold its master limited partnership (MLP), Targa Resources Partners LP (NGLS), in an all-stock deal valued at $6.67 billion.