U.S., Canadian Gas Processors Expand as Shale Output Soars

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.