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Project(s): View 10 related projects in PECWeb
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Released January 22, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. shale plays may be cooling their jets in 2019. Executives from Schlumberger Limited (NYSE:SLB) (Houston, Texas), a top provider of oil and gas exploration services, recently said in an earnings-related conference call that that they expect exploration and production investments "to be flat to down, which means that it's going to be a fairly tough year." They noted that the first quarter--a slow period for the industry by normal standards--is seeing weaker-than-usual activity. Industrial Info is tracking more than $5 billion in Oil & Gas Production Industry kickoffs in the first quarter, more than $3.6 billion of which is attributed to natural gas-processing facilities.
Click on the image at right for a graph detailing Oil & Gas Production projects that are set to begin construction in the first quarter, by industry segment.
Not surprisingly, Texas accounts for more than $1.8 billion of the total investment value for first-quarter kickoffs. In West Texas, the Delaware Basin, one of the most active parts of the Permian Basin, is fueling a slew of projects, including Apache Corporation's (NYSE:APA) (Houston) $160 million fourth train at the Diamond cryogenic processing plant in Balmorhea, which will boost the facility's capacity from 600 million to 800 million standard cubic feet per day. For more information, see Industrial Info's project report.
Other natural gas-processing projects underway in the region include Enterprise Products Partners LP's (NYSE:EPD) (Houston) $150 million cryogenic plant in Mentone and Crestwood Equity Partners LP's (NYSE:CEQP) (Houston) $125 million second unit at its cryogenic plant in Orla. The Mentone project will process 300 million standard cubic feet per day of gas and 40,000 BBL/d of natural gas liquids (NGLs) from Delaware, while the Orla project will double the facility's capacity to 300 million standard cubic feet per day. For more information, see Industrial Info's reports on the Mentone and Orla projects.
Big-ticket projects also are slated to begin construction in eastern Texas. Enterprise is planning a $500 million 11th train at its NGL Fractionator Complex in Mont Belvieu that, along with a 10th train already under construction, will increase capacity at the facility from 800,000 barrels per day (BBL/d) to 1.1 million BBL/d. The additions are designed to accommodate growing NGL volumes from the Permian and Eagle Ford basins. Enterprise also is planning a $125 million plant in Carthage to process 200 million standard cubic feet per day. For more information, see Industrial Info's reports on the Mont Belvieu and Carthage projects.
East of San Antonio, Baytex Energy Corporation (NYSE:BTE) (Calgary, Alberta) is kicking off a $150 million crude oil-drilling program in Karnes County that involves drilling 30 new horizontal wells in the Eagle Ford Shale. The program lasts through December. For more information, see Industrial Info's project report.
Outside Texas, two other U.S. shale plays are fueling natural gas-processing developments. The Denver-Julesburg Basin will provide 200 million standard cubic feet per day to DCP Midstream LLC's (NYSE:DCP) (Houston) $150 million Bighorn plant in La Salle, Colorado, as well as Williams Companies Incorporated's (NYSE:WMB) (Tulsa, Oklahoma) $120 million plant in Keenesburg, Colorado; the latter already kicked off construction earlier this month and is set to wrap up in September. For more information, see Industrial Info's reports on the Bighorn and Keenesburg projects.
The Powder River Basin will provide 200 million standard cubic feet per day to Williams' $100 million Bucking Horse plant in Douglas, Wyoming, and 120 million standard cubic feet per day to Tallgrass Energy Partners LP's (NYSE:TGE) (Leawood, Kansas) $80 million plant in Douglas. In a recent earnings-related conference call, Tallgrass executives said the company expects the Powder River Basin "is likely to balloon and continue to add volume," with strong production growth through fourth-quarter 2020. For more information, see Industrial Info's reports on the Bucking Horse and Tallgrass projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing Oil & Gas Production projects that are set to begin construction in the first quarter, by industry segment.Not surprisingly, Texas accounts for more than $1.8 billion of the total investment value for first-quarter kickoffs. In West Texas, the Delaware Basin, one of the most active parts of the Permian Basin, is fueling a slew of projects, including Apache Corporation's (NYSE:APA) (Houston) $160 million fourth train at the Diamond cryogenic processing plant in Balmorhea, which will boost the facility's capacity from 600 million to 800 million standard cubic feet per day. For more information, see Industrial Info's project report.
Other natural gas-processing projects underway in the region include Enterprise Products Partners LP's (NYSE:EPD) (Houston) $150 million cryogenic plant in Mentone and Crestwood Equity Partners LP's (NYSE:CEQP) (Houston) $125 million second unit at its cryogenic plant in Orla. The Mentone project will process 300 million standard cubic feet per day of gas and 40,000 BBL/d of natural gas liquids (NGLs) from Delaware, while the Orla project will double the facility's capacity to 300 million standard cubic feet per day. For more information, see Industrial Info's reports on the Mentone and Orla projects.
Big-ticket projects also are slated to begin construction in eastern Texas. Enterprise is planning a $500 million 11th train at its NGL Fractionator Complex in Mont Belvieu that, along with a 10th train already under construction, will increase capacity at the facility from 800,000 barrels per day (BBL/d) to 1.1 million BBL/d. The additions are designed to accommodate growing NGL volumes from the Permian and Eagle Ford basins. Enterprise also is planning a $125 million plant in Carthage to process 200 million standard cubic feet per day. For more information, see Industrial Info's reports on the Mont Belvieu and Carthage projects.
East of San Antonio, Baytex Energy Corporation (NYSE:BTE) (Calgary, Alberta) is kicking off a $150 million crude oil-drilling program in Karnes County that involves drilling 30 new horizontal wells in the Eagle Ford Shale. The program lasts through December. For more information, see Industrial Info's project report.
Outside Texas, two other U.S. shale plays are fueling natural gas-processing developments. The Denver-Julesburg Basin will provide 200 million standard cubic feet per day to DCP Midstream LLC's (NYSE:DCP) (Houston) $150 million Bighorn plant in La Salle, Colorado, as well as Williams Companies Incorporated's (NYSE:WMB) (Tulsa, Oklahoma) $120 million plant in Keenesburg, Colorado; the latter already kicked off construction earlier this month and is set to wrap up in September. For more information, see Industrial Info's reports on the Bighorn and Keenesburg projects.
The Powder River Basin will provide 200 million standard cubic feet per day to Williams' $100 million Bucking Horse plant in Douglas, Wyoming, and 120 million standard cubic feet per day to Tallgrass Energy Partners LP's (NYSE:TGE) (Leawood, Kansas) $80 million plant in Douglas. In a recent earnings-related conference call, Tallgrass executives said the company expects the Powder River Basin "is likely to balloon and continue to add volume," with strong production growth through fourth-quarter 2020. For more information, see Industrial Info's reports on the Bucking Horse and Tallgrass projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
