The Williams Cos. Inc. (NYSE: WMB) is partnering with privately-held Brazos Midstream in a new Permian Basin joint venture (JV) partially aimed at alleviating the residue gas headache facing producers in the prolific basin, the companies said in a joint release Nov. 15.

The JV also comes as a recently updated U.S. production outlook by the Energy Information Administration saw little improvement for natural gas takeaway dynamics in the Permian Basin.

As a result, analysts with Tudor, Pickering, Holt & Co. (TPH) believe the roughly 2 billion cubic feet per day (Bcf/d) of annual residue gas growth in the Permian will maintain pressure on infrastructure despite greenfield capacity additions of 4 Bcf/d from Kinder Morgan Inc. (NYSE: KMI) Gulf Coast Express and Permian Highway projects.

To read the full story

Select an option below:

Tap into unmatched coverage of the oil and gas industry’s entire landscape.

Get Access for just $7 See more offers

Already have an account?

Sign In

Looking for Newsletters?

Manage preferences