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Researched by Industrial Info Resources (Sugar Land, Texas)--The first quarter of 2020 is proving to be a fruitful one for the U.S. Oil & Gas Industry. While many analysts see 2020 as bringing a slowdown in U.S. shale oil production growth, Industrial Info is tracking more than $21 billion in U.S. projects in the Production, Terminals and Pipelines sectors that are set to be completed this quarter. Pipelines and Production, at $9.69 billion and $9.64 billion, respectively, are virtually neck and neck in regard to project value, followed by Terminals.
Click on the image at right for a breakdown by industry of planned U.S. Oil & Gas project completions in first-quarter 2020.
Pipelines
Among the largest pipeline projects planned for completion in the quarter is Phillips 66's (NYSE:PSX) (Houston, Texas) Gray Oak crude oil pipeline in Texas. The pipeline will transport up to 900,000 barrels per day (BBL/d) of crude oil from the Permian Basin to the Corpus Christi area. Construction began in late 2018, with different general contractors providing services along various points in the pipeline's route. For more information, see Industrial Info's project report.
Other large pipeline projects planned for completion include Targa Resources Corporation's (NYSE:TRGP) Grand Prix natural gas liquids (NGL) pipeline in Texas. A portion of the pipeline was placed into service this summer, and work is wrapping up on additional sections. The pipeline has various origination points in Texas, New Mexico and Oklahoma, and will carry 300,000 BBL/d of NGL to Targa's facility in Mont Belvieu, Texas. The pipeline has a total investment value (TIV) in excess of $1 billion. For more information, see Industrial Info's project reports on the south leg and west leg.
Production
To accommodate the increased flow of NGL into Mont Belvieu, Targa also is underway with construction on a seventh fractionator at its complex. The train will produce 110,000 BBL/d of high-purity butane, propane, ethane and other liquids. Construction began in the first quarter of last year, with Optimized Process Designs LLC (Katy, Texas) providing engineering, procurement and construction (EPC) services. For more information, see Industrial Info's project report.
Among the largest Production projects set to wrap up this quarter is Enterprise Products Partners LP's (NYSE:EPD) (Houston, Texas) iso-butane dehydrogenation unit addition at its Mont Belvieu facility. Construction began in early 2018 and is expected to be completed very soon. The unit will use Honeywell UOP technology to produce 425,000 metric tons per year of isobutylene. Optimized Process Designs also is providing EPC on the $1 billion project. For more information, see Industrial Info's project report.
Terminals
While Terminals projects trail behind Pipelines and Production projects in terms of value, there are some substantial planned completions coming up in this sector. Chief among these is Buckeye Partners LP's (NYSE:BPL) (Houston) South Texas Gateway crude oil loading and unloading terminal in Ingleside, Texas, on the mouth of Corpus Christi Bay. The facility will include 18 400,000-barrel tanks and two deepwater docks capable of berthing Very Large Crude Carriers (VLCCs) with a throughput capacity of 800,000 BBL/d. Construction began last summer, with L-Con Engineering and Constructors Company (Houston) as general contractor. The project has an estimated TIV of $480.9 million. For more information, see Industrial Info's project report.
Several other terminals projects are wrapping up in the Corpus Christi area, which has become a leading hub for crude oil exports. Pin Oak Corpus Christi LLC (Corpus Christi) is nearing completion on a grassroot crude oil storage terminal in the city. The facility is being built next to Kansas City Southern's (NYSE:KSU) (Kansas City, Missouri) main rail line and the Corpus Christi rail yard and will include 10 tanks. Pin Oak plans to build short-distance pipelines to connect to its existing terminal. For more information, see Industrial Info's project report.
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 breakdown by industry of planned U.S. Oil & Gas project completions in first-quarter 2020.Pipelines
Among the largest pipeline projects planned for completion in the quarter is Phillips 66's (NYSE:PSX) (Houston, Texas) Gray Oak crude oil pipeline in Texas. The pipeline will transport up to 900,000 barrels per day (BBL/d) of crude oil from the Permian Basin to the Corpus Christi area. Construction began in late 2018, with different general contractors providing services along various points in the pipeline's route. For more information, see Industrial Info's project report.
Other large pipeline projects planned for completion include Targa Resources Corporation's (NYSE:TRGP) Grand Prix natural gas liquids (NGL) pipeline in Texas. A portion of the pipeline was placed into service this summer, and work is wrapping up on additional sections. The pipeline has various origination points in Texas, New Mexico and Oklahoma, and will carry 300,000 BBL/d of NGL to Targa's facility in Mont Belvieu, Texas. The pipeline has a total investment value (TIV) in excess of $1 billion. For more information, see Industrial Info's project reports on the south leg and west leg.
Production
To accommodate the increased flow of NGL into Mont Belvieu, Targa also is underway with construction on a seventh fractionator at its complex. The train will produce 110,000 BBL/d of high-purity butane, propane, ethane and other liquids. Construction began in the first quarter of last year, with Optimized Process Designs LLC (Katy, Texas) providing engineering, procurement and construction (EPC) services. For more information, see Industrial Info's project report.
Among the largest Production projects set to wrap up this quarter is Enterprise Products Partners LP's (NYSE:EPD) (Houston, Texas) iso-butane dehydrogenation unit addition at its Mont Belvieu facility. Construction began in early 2018 and is expected to be completed very soon. The unit will use Honeywell UOP technology to produce 425,000 metric tons per year of isobutylene. Optimized Process Designs also is providing EPC on the $1 billion project. For more information, see Industrial Info's project report.
Terminals
While Terminals projects trail behind Pipelines and Production projects in terms of value, there are some substantial planned completions coming up in this sector. Chief among these is Buckeye Partners LP's (NYSE:BPL) (Houston) South Texas Gateway crude oil loading and unloading terminal in Ingleside, Texas, on the mouth of Corpus Christi Bay. The facility will include 18 400,000-barrel tanks and two deepwater docks capable of berthing Very Large Crude Carriers (VLCCs) with a throughput capacity of 800,000 BBL/d. Construction began last summer, with L-Con Engineering and Constructors Company (Houston) as general contractor. The project has an estimated TIV of $480.9 million. For more information, see Industrial Info's project report.
Several other terminals projects are wrapping up in the Corpus Christi area, which has become a leading hub for crude oil exports. Pin Oak Corpus Christi LLC (Corpus Christi) is nearing completion on a grassroot crude oil storage terminal in the city. The facility is being built next to Kansas City Southern's (NYSE:KSU) (Kansas City, Missouri) main rail line and the Corpus Christi rail yard and will include 10 tanks. Pin Oak plans to build short-distance pipelines to connect to its existing terminal. For more information, see Industrial Info's project report.
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.
