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Researched by Industrial Info Resources (Sugar Land, Texas)--The largest pipeline currently being constructed to carry natural gas out of the Permian Basin is now carrying small amounts, according to executives at a conference last week.
The Matterhorn Express Pipeline joins other pipelines in Texas aiming to move natural gas out of the Permian Basin to end markets. The pipeline will carry up to 2.5 billion cubic feet per day (Bcf/d) of gas from the Permian to a location near Katy, Texas, near the Gulf Coast, and is a joint venture of WhiteWater Midstream (Austin, Texas), MPLX LP (NYSE:MPLX) (Findlay, Ohio), Devon Energy (NYSE:DVN) (Oklahoma City, Oklahoma) and EnLink Midstream (NYSE:ENLC) (Dallas, Texas).
ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) recently announced that it was purchasing investment firm Global Infrastructure Partners' (New York, New York) 43% stake in EnLink for about $3.3 billion and intends to pursue the remaining stake in the company. For additional information, see August 30, 2024, article - ONEOK's $5.9 Billion of Acquisitions Expands Permian Position.
Getting natural gas out of the Permian is of prime importance as gas, produced as a byproduct of oil production, is trapped in the area with no exit, and prices at the region's Waha Hub have turned negative a record number of times this year. The Matterhorn Express and other planned area natural gas pipelines intend to remedy this situation. "The Matterhorn is on line and moving little bits of gas," and should be "moving a real amount of gas in the next few months, and we're hoping to at least see Waha turn positive," executives at Permian Resources Corporation (NYSE:PR) (Midland, Texas) said at conference sponsored by Barclay's last week.
Construction on the Matterhorn Express kicked off last year and is expected to begin gradually ramping up toward full service soon. The nearly 500 miles of pipe will include several compressor stations along the way as well as an 80-mile lateral to provide connectivity to gas processors in the Midland Basin. Subscribers to Industrial Info's Global Market Intelligence (GMI) PIpeline Project Database can learn more by viewing the related project reports.
WhiteWater and MPLX are joined in another Permian natural gas pipeline venture by Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) and Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta). The investment partners announced a positive financial decision on the Blackcomb Pipeline project last month. The Blackcomb Pipeline also will carry 2.5 Bcf/d of natural gas from the Permian to the Gulf Coast, this time from a point near Ozona, Texas, to the Agua Dolce Gas Hub near Corpus Christi. Construction on the 42-inch-diameter pipeline is expected to begin next year and be completed in 2026. The pipeline also will include a 55-mile lateral connecting Rankin, Texas, to Midkiff, Texas. Subscribers to Industrial Info's GMI Project Database can learn more by viewing the related project reports.
Another big name in the U.S. pipeline sector, Energy Transfer LP (NYSE:ET) (Dallas, Texas), is planning its own natural gas pipeline out of the Permian. The Warrior Pipeline would carry between 1.5 Bcf/d and 2 Bcf/d from the Permian to Energy Transfer's interconnect outside Forth Worth, Texas, and on to the Gulf Coast. According to Oil & Gas Journal, Energy Transfer's plans include a combination of repurposing underutilized pipe and building loops within existing rights of way, making completion possible within two years of a final investment decision, which could be coming soon. Subscribers can learn more by viewing the related project reports.
Targa Resources could make a final investment decision on another Permian gas pipeline project by the end of this year. The 42-inch-diameter Apex Pipeline would carry up to 2 Bcf/d of gas 563 miles from the Permian to Houston and southwest Louisiana. Targa already has received a permit to build from the Texas Railroad Commission, which oversees the state's pipelines, and is currently weighing its best options for the project. Subscribers can learn more by viewing the related project reports.
In addition to dry natural gas, Industrial Info also is covering Permian-origin pipeline plans for natural gas liquids (NGLs) both within and out of the Permian. One of the largest of these pipelines presently under construction is Enterprise Products Partners LP's (NYSE:EPD) (Houston) Bahia pipeline, which will transport 600,000 barrels per day of NGLs 550 miles from the Permian to the company's fractionation facilities in Mont Belvieu, Texas. Construction is expected to be completed later this year. Subscribers can click here to learn more about the project. The project joins one of many proposed NGL pipelines in Texas.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
The Matterhorn Express Pipeline joins other pipelines in Texas aiming to move natural gas out of the Permian Basin to end markets. The pipeline will carry up to 2.5 billion cubic feet per day (Bcf/d) of gas from the Permian to a location near Katy, Texas, near the Gulf Coast, and is a joint venture of WhiteWater Midstream (Austin, Texas), MPLX LP (NYSE:MPLX) (Findlay, Ohio), Devon Energy (NYSE:DVN) (Oklahoma City, Oklahoma) and EnLink Midstream (NYSE:ENLC) (Dallas, Texas).
ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) recently announced that it was purchasing investment firm Global Infrastructure Partners' (New York, New York) 43% stake in EnLink for about $3.3 billion and intends to pursue the remaining stake in the company. For additional information, see August 30, 2024, article - ONEOK's $5.9 Billion of Acquisitions Expands Permian Position.
Getting natural gas out of the Permian is of prime importance as gas, produced as a byproduct of oil production, is trapped in the area with no exit, and prices at the region's Waha Hub have turned negative a record number of times this year. The Matterhorn Express and other planned area natural gas pipelines intend to remedy this situation. "The Matterhorn is on line and moving little bits of gas," and should be "moving a real amount of gas in the next few months, and we're hoping to at least see Waha turn positive," executives at Permian Resources Corporation (NYSE:PR) (Midland, Texas) said at conference sponsored by Barclay's last week.
Construction on the Matterhorn Express kicked off last year and is expected to begin gradually ramping up toward full service soon. The nearly 500 miles of pipe will include several compressor stations along the way as well as an 80-mile lateral to provide connectivity to gas processors in the Midland Basin. Subscribers to Industrial Info's Global Market Intelligence (GMI) PIpeline Project Database can learn more by viewing the related project reports.
WhiteWater and MPLX are joined in another Permian natural gas pipeline venture by Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) and Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta). The investment partners announced a positive financial decision on the Blackcomb Pipeline project last month. The Blackcomb Pipeline also will carry 2.5 Bcf/d of natural gas from the Permian to the Gulf Coast, this time from a point near Ozona, Texas, to the Agua Dolce Gas Hub near Corpus Christi. Construction on the 42-inch-diameter pipeline is expected to begin next year and be completed in 2026. The pipeline also will include a 55-mile lateral connecting Rankin, Texas, to Midkiff, Texas. Subscribers to Industrial Info's GMI Project Database can learn more by viewing the related project reports.
Another big name in the U.S. pipeline sector, Energy Transfer LP (NYSE:ET) (Dallas, Texas), is planning its own natural gas pipeline out of the Permian. The Warrior Pipeline would carry between 1.5 Bcf/d and 2 Bcf/d from the Permian to Energy Transfer's interconnect outside Forth Worth, Texas, and on to the Gulf Coast. According to Oil & Gas Journal, Energy Transfer's plans include a combination of repurposing underutilized pipe and building loops within existing rights of way, making completion possible within two years of a final investment decision, which could be coming soon. Subscribers can learn more by viewing the related project reports.
Targa Resources could make a final investment decision on another Permian gas pipeline project by the end of this year. The 42-inch-diameter Apex Pipeline would carry up to 2 Bcf/d of gas 563 miles from the Permian to Houston and southwest Louisiana. Targa already has received a permit to build from the Texas Railroad Commission, which oversees the state's pipelines, and is currently weighing its best options for the project. Subscribers can learn more by viewing the related project reports.
In addition to dry natural gas, Industrial Info also is covering Permian-origin pipeline plans for natural gas liquids (NGLs) both within and out of the Permian. One of the largest of these pipelines presently under construction is Enterprise Products Partners LP's (NYSE:EPD) (Houston) Bahia pipeline, which will transport 600,000 barrels per day of NGLs 550 miles from the Permian to the company's fractionation facilities in Mont Belvieu, Texas. Construction is expected to be completed later this year. Subscribers can click here to learn more about the project. The project joins one of many proposed NGL pipelines in Texas.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
