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Permian, Other Shale Plays Drive $4.4 Billion of U.S. Gas Pipeline Kickoffs in First Quarter
Industry Segment: Pipelines | Word Count: 664 Words
Attachment: NG pipe 1Q20
SUGAR LAND--December 6, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Natural gas production in the Permian Basin has slowed from the record levels of 2016 and 2017, but pipeline companies still see plenty of promise in the West Texas shale play. Other high-production areas, such as the Bakken, Marcellus and Utica, are benefiting midstream companies as natural gas prices remain low. Industrial Info is tracking nearly $4.4 billion worth of natural gas pipeline-related projects set to begin construction in the U.S. in the first quarter, about half of which is attributed to projects in Texas.
Within this article: Details on some of the major natural gas pipeline-related project kickoffs across the U.S. from January through March, including those from key companies such as Targa Resources Corporation (NYSE:TRGP), NextEra Energy Resources (NYSE:NEE), WhiteWater Midstream, MPLX LP (NYSE:MPLX), Summit Midstream Partners (NYSE:SMLP), Dominion Energy Incorporated (NYSE:D), New Jersey Resources Corporation and ONEOK Incorporated (NYSE:OKE).
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