At capacity, the line provides 2.5 Bcf/d of natural gas egress from the Permian region to the Houston area. (Source: Shutterstock, Matterhorn Express Pipeline LLC)
The Matterhorn Express Pipeline flowed 317 MMcf of natural gas to customers on Oct. 1, as activity on the long-awaited pipeline ramped up, according to East Daley Analytics.
The line will begin moving 180 MMcf/d to Williams’ Transco pipeline and 137 MMcf/d to Enbridge’s Texas Eastern Transmission Systems near Katy, Texas.
The line first started flowing small amounts of gas in August to September time frame, according to reports. Flowing small amounts of gas is part of a pipeline’s normal startup operation.
The Matterhorn Express is owned by a joint venture including Whitewater Midstream, EnLink Midstream (recently acquired by ONEOK), Devon Energy and MPLX. Whitewater is the line’s operator.
At capacity, the line provides 2.5 Bcf/d of natural gas egress from the Permian region to the Houston area.
According to East Daley, prices at the Waha Hub jumped by $0.34/MMBtu on Oct. 1 to $0.45/MMBtu and then hit $0.62/MMBtu on Oct. 2, joining a nationwide rising natural gas price trend.
Waha prices remain far below the national average. Thanks to low, flat supplies, warmer-than-average weather and storm threats in the Gulf of Mexico, the price of gas at the Henry Hub flirted with $3/ MMBtu for much of the first week of October. Prices have not spent a substantial amount of time above $3 since the beginning of June. On the morning of Oct. 4, the Henry Hub was trading at $2.92/MMBtu.
Recommended Reading
Chevron Targets Up to $8B in Free Cash Flow Growth Next Year, CEO Says
2025-01-08 - The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and the offshore U.S. Gulf of Mexico.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-02-02 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Utica’s Infinity Natural Resources Seeks $1.2B Valuation with IPO
2025-01-21 - Appalachian Basin oil and gas producer Infinity Natural Resources plans to sell 13.25 million shares at a public purchase price between $18 and $21 per share—the latest in a flurry of energy-focused IPOs.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
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.