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Released March 14, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. natural gas production is surging, and facilities that process the fossil fuel are keeping an eye on their units and equipment, as the growth shows no signs of abating. Natural gas production in the U.S. hit a record 37.9 trillion cubic feet in 2023, double the amount of 2006 and 4.2% higher than 2022, and companies like Energy Transfer LP (NYSE:ET) (Dallas, Texas) and Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) are preparing for turnarounds for another potential increase. Industrial Info is tracking more than 120 maintenance-related projects in the U.S. natural gas-processing sector that are set to kick off in the second quarter.
Click on the image at right for a graph detailing the top 10 parent companies for U.S. gas-processing maintenance projects set to begin from April through June.
Energy Transfer accounts for more second-quarter maintenance projects--and related investment value--than any other gas processor, with all but a few in Texas and Oklahoma. About one in three are in western Oklahoma, with multiple projects found in just two cities: the Calumet and South Canadian processing plants in Calumet, and the Beaver and Mocane processing plants in Beaver. The processing capacities for these plants stand at 250 million, 200 million, 100 million and 55 million standard cubic feet per day; the South Canadian plant also processes 26,000 barrels per day (BBL/d) of natural gas liquids (NGL).
Each of these Oklahoma projects is set to kick off in June and run five to seven business days. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can read detailed reports on the Calumet, South Canadian, Beaver and Mocane projects.
Targa trails only Energy Transfer in the total number of turnarounds set to kick off in the second quarter, more than half of which are located in the Permian Basin of West Texas. Its two largest Permian plants set for major inspections and repairs are the Legacy plant in Midkiff and the Wildcat plant in Wink, which have capacities of 650 million and 300 million standard cubic feet per day, respectively. Subscribers can read detailed reports on the Legacy and Wildcat projects.
One Targa executive said in November that the company's Permian-based volumes "are going to continue to grow... as you look out to 2024, 2025 and beyond." For more information on Targa's ambitions in the Permian Basin, including a major expansion at the Wildcat plant, see November 06, 2023, article - Targa Piles on Gas-Processing Capacity in Permian, Gulf Coast.
Hilcorp Energy Company (Houston, Texas), a privately held developer, accounts for the single largest maintenance project set to kick off in the coming months: normal inspections, vessel inspections and repairs at its Kuparuk crude Oil-Processing Facility in Prudhoe Bay, Alaska, which has a gas-separation and re-injection capacity of 260 million standard cubic feet per day. The 50-day turnaround on the 50,000-BBL/d CPF-2 unit is slated to wrap up toward the end of June. Subscribers can learn more from a detailed project report.
Relations between Hilcorp and the State of Alaska have been testy in recent months. In February, the Alaska Oil and Gas Conservation Commission fined Hilcorp $452,100 for rule violations related to its North Slope assets, which include the Kuparuk facility. The commission cited unauthorized injections of miscible gas, a substance that blends with oil to enhance oil recovery, from mid-2021 to mid-2023, according to The Alaska Beacon. This follows a June 2023 civil penalty from the same commission, which said Hilcorp violated rules related to the drilling process.
Marathon Petroleum Corporation (NYSE:MPC) (Findlay, Ohio) is just one project behind Targa in its second-quarter turnarounds, with four attributed to just one plant: the 13-train Sherwood Cryogenic Natural Gas Processing Complex in West Union, West Virginia, which is expected to see normal inspections and repairs to its Train 1, Train 2, Train 9 and Train 10. Each train has a gas-processing capacity of 200 million standard cubic feet per day and an NGL capacity of 12,000 BBL/d, and each turnaround is expected to run seven days. Subscribers can read detailed reports on the projects for Train 1, Train 2, Train 9 and Train 10.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for maintenance-related projects at natural gas-processing plants across the U.S. that are slated to begin in the second quarter.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for U.S. gas-processing maintenance projects set to begin from April through June.Energy Transfer accounts for more second-quarter maintenance projects--and related investment value--than any other gas processor, with all but a few in Texas and Oklahoma. About one in three are in western Oklahoma, with multiple projects found in just two cities: the Calumet and South Canadian processing plants in Calumet, and the Beaver and Mocane processing plants in Beaver. The processing capacities for these plants stand at 250 million, 200 million, 100 million and 55 million standard cubic feet per day; the South Canadian plant also processes 26,000 barrels per day (BBL/d) of natural gas liquids (NGL).
Each of these Oklahoma projects is set to kick off in June and run five to seven business days. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can read detailed reports on the Calumet, South Canadian, Beaver and Mocane projects.
Targa trails only Energy Transfer in the total number of turnarounds set to kick off in the second quarter, more than half of which are located in the Permian Basin of West Texas. Its two largest Permian plants set for major inspections and repairs are the Legacy plant in Midkiff and the Wildcat plant in Wink, which have capacities of 650 million and 300 million standard cubic feet per day, respectively. Subscribers can read detailed reports on the Legacy and Wildcat projects.
One Targa executive said in November that the company's Permian-based volumes "are going to continue to grow... as you look out to 2024, 2025 and beyond." For more information on Targa's ambitions in the Permian Basin, including a major expansion at the Wildcat plant, see November 06, 2023, article - Targa Piles on Gas-Processing Capacity in Permian, Gulf Coast.
Hilcorp Energy Company (Houston, Texas), a privately held developer, accounts for the single largest maintenance project set to kick off in the coming months: normal inspections, vessel inspections and repairs at its Kuparuk crude Oil-Processing Facility in Prudhoe Bay, Alaska, which has a gas-separation and re-injection capacity of 260 million standard cubic feet per day. The 50-day turnaround on the 50,000-BBL/d CPF-2 unit is slated to wrap up toward the end of June. Subscribers can learn more from a detailed project report.
Relations between Hilcorp and the State of Alaska have been testy in recent months. In February, the Alaska Oil and Gas Conservation Commission fined Hilcorp $452,100 for rule violations related to its North Slope assets, which include the Kuparuk facility. The commission cited unauthorized injections of miscible gas, a substance that blends with oil to enhance oil recovery, from mid-2021 to mid-2023, according to The Alaska Beacon. This follows a June 2023 civil penalty from the same commission, which said Hilcorp violated rules related to the drilling process.
Marathon Petroleum Corporation (NYSE:MPC) (Findlay, Ohio) is just one project behind Targa in its second-quarter turnarounds, with four attributed to just one plant: the 13-train Sherwood Cryogenic Natural Gas Processing Complex in West Union, West Virginia, which is expected to see normal inspections and repairs to its Train 1, Train 2, Train 9 and Train 10. Each train has a gas-processing capacity of 200 million standard cubic feet per day and an NGL capacity of 12,000 BBL/d, and each turnaround is expected to run seven days. Subscribers can read detailed reports on the projects for Train 1, Train 2, Train 9 and Train 10.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for maintenance-related projects at natural gas-processing plants across the U.S. that are slated to begin in the second quarter.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
