Targa Pipeline Helps Spark US NGL Production High in 2024

Analysts said Targa Resources’ Daytona line released a Permian Basin bottleneck as NGLs continued to grow.

Winter Storm Snarls Gulf Coast LNG Traffic, Boosts NatGas Use

A winter storm along the Gulf Coast had ERCOT under strain and ports waiting out freezing temperatures before reopening.

EnCap Portfolio Company to Develop NatGas Hub with DRW Energy

EnCap Flatrock Midstream portfolio company Vecino Energy Partners LLC and DRW Energy Trading LLC will be developing an intrastate natural gas storage hub together.  

Phillips 66 Makes EPIC Move to Strengthen South Texas Position

Phillips 66’s $2.2 billion deal with EPIC allows for further integration of its South Texas NGL network.

Pembina Closes $290MM Deal for Stake in Whitecap’s NatGas Facility

Pembina Gas Infrastructure closed a CA$420 million transaction to acquire interests in Whitecap Resources’ natural gas processing facility in Alberta, Canada.

Equinor’s Norwegian LNG Plant Likely Shuttered for a Week

An outage at Equinor’s Arctic facility, Hammerfest LNG, will temporarily close Europe’s largest LNG export facility.

Energy Transfer Shows Confidence in NatGas Demand with Pipeline FID

Analyst: Energy Transfer’s recent decision to green light the $2.7 billion Hugh Brinson line to Dallas/Fort Worth suggests electric power customers are lining up for Permian Basin gas.

ONEOK Expands Texas NGL Capacity

ONEOK has strengthened its NGL position in Texas, adding a fractionator and newly looped pipeline to its assets.

Utica Oil E&P Infinity Natural Resources’ IPO Gains 7 More Bankers

Infinity Natural Resources’ IPO is expected to provide a first-look at the public market’s valuation of the Utica oil play.

Midstreamers Say Need for More Permian NatGas Pipelines Inevitable

The Permian Basin’s associated gas output could outstrip the region’s planned capacity well before the end of the decade, pipeline company executives said.