Enbridge Inc. heralded the more than $20 billion of acquisitions it announced in 2023, including a string of deals to transform its natural gas utility operations in the Lower 48. The utilities would boost Enbridge’s Lower 48 customer base to 7 million and position it for long-term growth following the surge in fourth-quarter and full-year…
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Articles from NGL
MPLX Exploring Organic Growth Opportunities in Permian, Marcellus and Utica
MPLX LP management said its 2024 growth outlook is anchored in the Permian Basin and Marcellus Shale, which provide steady sources of opportunities, particularly around natural gas and natural gas liquids (NGL) assets. It also sees potential in the Utica Shale. “We plan to continue growing these operations through organic projects, investment in our Permian…
Dow Credits Natural Gas Production Growth for Giving Brands ‘Competitive’ Edge
Management at global petrochemical giant Dow Inc. on Thursday touted domestic natural gas and natural gas liquids (NGL) production growth for its competitive edge in its oil to gas brands in 2023. Through lower planned maintenance spending and structural improvements to raw materials, logistics and utility costs, “we’ve improved our cost profile,” CFO Jeffrey Tate…
Associated Natural Gas a Gift – and a Curse – for North Dakota Oil Producers
North Dakota energy regulators expect a modest uptick in Bakken Shale oil production this year, though challenges persist around managing the immense volumes of liquids-rich natural gas extracted as a byproduct. A case in point was the deep freeze on Wednesday (Jan. 17), which shut in about 700,000 b/d of oil and 2 Bcf/d of…
Dow Sanctions First-of-its-Kind Cracker Expansion in Alberta to Boost Output, Cut Carbon
Chemicals giant Dow Inc., one of Western Canada’s top natural gas customers, has sanctioned an integrated ethylene cracker and derivatives complex in Alberta, which it said would be the first of its kind to reduce direct and indirect carbon emissions to net zero. The estimated US$6.5 billion brownfield investment, dubbed Fort Saskatchewan Path2Zero, is expected…
Targa Advancing Permian Projects, Betting on Continued Growth Despite Dip in Delaware Volumes
In the face of operational issues across its gathering and processing systems in the third quarter, Targa Resources Corp. is progressing projects in the Permian Basin to meet the infrastructure needs of producers anticipating strengthening export demand. Operations commenced at Houston-based Targa’s Greenwood plant in the Permian’s Midland sub-basin ahead of schedule in October and…
Enterprise Planning $3.1B in Capital Projects to Facilitate Permian Natural Gas, NGL Growth
Enterprise Products Partners LP said Tuesday it would spend $3.1 billion on four new projects in the Permian Basin to increase midstream capacity and meet growing demand for natural gas and other fossil fuels. The new projects include two natural gas processing plants in the Delaware and Midland sub-basins, a 550-mile Bahia natural gas liquids…
Natural Gas ‘A Bright Spot’ for Utility Bills Over Other Home Heating Fuels this Winter, Report Finds
Heating with natural gas could cost U.S. residential customers less than last year and may be more affordable than other heating fuels, according to the National Energy Assistance Directors Association (NEADA). NEADA, an organization led by state directors from the federal Low Income Home Energy Assistance Program, said in a report that while heating costs…
Western Midstream Betting $885M on Powder River Basin Natural Gas with Meritage Midstream Tie-up
Western Midstream Partners LP (WES) has signed a deal to acquire privately held Meritage Midstream Services II LLC in an all-cash, $885 million transaction. Denver-based Meritage owns and operates an extensive natural gas gathering and processing (G&P) business in the Powder River Basin (PRB) of Wyoming. The assets, located in Converse, Campbell and Johnson counties,…
Enterprise Adds More Natural Gas Capacity in Permian with Ramp Up at 300 MMcf/d Plant
Enterprise Product Partners LP has begun service at its Poseidon cryogenic natural gas processing plant in Glasscock County in West Texas. The company’s sixth plant in the Midland sub-basin has a nameplate capacity of 300 MMcf/d and can extract more than 40,000 b/d of natural gas liquids (NGL). Enterprise now is able to process 1.3…