Gulf Coast Express Pipeline (GCX) announced on May 16 an open season to solicit commitments for an expansion project on its system. Upon achieving a final investment decision (FID), the project will increase GCX’s capacity by nearly 570 million cubic feet per day (MMcf/d).
The project will involve primarily compression expansions on the GCX system to increase natural gas deliveries from the Permian Basin to South Texas markets. Pending customer commitments, the target in-service date for the project is December 1, 2023.
GCX is jointly owned by subsidiaries of Kinder Morgan Inc., DCP Midstream LP, an affiliate of ArcLight Capital Partners LLC and Kinetik Holdings Inc. with an ownership interest of 34%, 25%, 25% and 16% respectively. Kinder Morgan Texas Pipeline is the operator of GCX.
Energy firms have increased drilling activity in the Permian in recent months with oil prices over $100 a barrel. That oil comes out of the ground with a lot of gas, called associated gas.
With Permian associated gas production also growing fast and demand for gas rising from new LNG export plants on the Gulf Coast, several companies are looking to add new gas pipes in the region, including units of Energy Transfer.
Recommended Reading
Eni to Close Sale of Alaska Assets to Hilcorp by Year-end
2024-07-29 - Italian energy giant Eni SpA looks to close its divestment of its Alaska assets to Hilcorp Energy Co. by year-end 2024, to high-grade its upstream portfolio, according to Eni’s CEO.
Oando Completes Acquisition of Eni’s Nigerian Agip Oil Co.
2024-08-22 - Oando’s acquisition of NAOC increases its total reserves by 98%.
Meta, Sage Geosystems Enter Geothermal Deal
2024-08-26 - Sage Geosystems says the company will use its geopressured geothermal system to provide Meta’s data centers with carbon-free power.
Marketed: Henry Energy Non-op Delaware Basin Divestiture
2024-08-26 - Henry Energy LP has retained RedOaks Energy Advisors for the sale of certain non-operated working interest properties in Reeves County, Texas.
Weatherford Announces Acquisition of Technology Company Datagration
2024-09-03 - The acquisition gives Weatherford International digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across its technology portfolio, the company said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.