Processing

Despite the commodity price downturn, the Permian Basin, and particularly the Delaware sub-basin, have remained attractive to producers, supporting the need for additional natural gas processing in the region.

MPLX LP said Thursday they are “very encouraged” by growth in the company’s gathering and processing segment, especially in support of the Marcellus and Utica shales. But the master limited partnership (MLP) again cut capital spending (capex) for 2016 as it delays gathering and processing projects.

MPLX LP said Thursday they are “very encouraged” by growth in the company’s gathering and processing segment, especially in support of the Marcellus and Utica shales. But the master limited partnership (MLP) again cut capital spending (capex) for 2016 as it delays gathering and processing projects.

Tidewater Midstream and Infrastructure Ltd. plans to acquire eight natural gas processing facilities and related infrastructure in Alberta’s Deep Basin from two subsidiaries of AltaGas Ltd. in a cash-and-stock deal valued at C$90.3 million ($65.4 million).

Blue Racer Midstream LLC, a joint venture of Caiman Energy II LLC and Dominion Resources Inc., has been forced to curb spending and restrain its rapid growth with the downturn in oil and natural gas prices, CEO Stephen Arata said this week at an industry conference in Pittsburgh.

Devon Energy Corp.’s majority owned EnLink Midstream is expanding its reach in Oklahoma with a $1.55 billion deal to acquire Tall Oak Midstream LLC, considered a key element to Devon’s growth in the state’s stacked reservoirs.

Tulsa-based Oneok Partners LP is planning to start up a new natural gas processing plant late this month in the heart of the Bakken Shale play in McKenzie County, ND, and that is just the beginning of a series of infrastructure additions slated for the area by the end of next year.

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.

The Environmental Protection Agency (EPA) may add some natural gas processing plants to the list of facilities required to report emissions under its Toxics Release Inventory (TRI) program, according to a letter signed by Administrator Gina McCarthy.