U.S., Canadian Gas Processors Expand as Shale Output Soars
U.S., Canadian Gas Processors Expand as Shale Output Soars
Attachment: US-Can gas processing 4Q22
September 22, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)-- Heavy production of natural gas in U.S. shale plays, particularly the Permian Basin, is expected to continue in the near term, and a swath of construction projects slated to start from October through December will offer more processing capacity for the fossil fuel.
Industrial Info is tracking more than $15.4 billion worth of gas-processing projects that are set to begin construction in the U.S. and Canada during the fourth quarter, the largest number of which are geared toward Y-Grade natural gas liquids (NGL) production. Three such projects are nearing construction in the Permian Basin, from Energy Transfer LP (NYSE:ET), Enterprise Products Partners LP (NYSE:EPD) and Targa Resources Corporation (NYSE:TRGP). Roaring Fork Midstream LLC is developing a project in the Niobrara-Denver-Julesburg Basin, while ConocoPhillips' (NYSE:COP) is developing one in Canada's Montney Shale.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Enterprise Products Ramps Up PDH Unit, Prepares for More Gas Processing
- Enterprise Begins Operations at Natural Gas Plant, Expects Other Growth Pro...
- Energy Transfer to Appeal DOE Decision Regarding LNG Export Extension
- Energy Transfer Sees Record NGL Transport, Fractionation; Aims for Higher E...
- Enterprise Products Expects 2023 Growth Capex of Up to $2.5 Billion