Articles tagged Midstream

Permian Basin pure-play Kinetik Holdings Inc. revised its 2024 guidance after seizing opportunities in New Mexico and the Delaware sub-basin in the second quarter, and increasing processing volumes despite challenges from anemic natural gas prices at the Waha hub.

While advancing projects to sustain exploration and production companies vying for the coming boom in the LNG export market, DT Midstream Inc. (DTM) executives said the firm also would focus on supporting power demand from industrial users to underpin the natural gas market.

A recent ruling by Mexico’s Supreme Court to uphold the constitutionality of the 2021 Hydrocarbons Law could further limit the ability of private companies to obtain regulatory permits and heighten risks of government intervention in midstream and downstream operations, industry experts told NGI’s Mexico GPI. 

TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula.

MPLX LP management said two strategic transactions announced in the first quarter would open the door to growth opportunities in the Marcellus and Utica shales and the Permian Basin.

The exploration and production sector may be feeling the heat from slumping natural gas prices, but they had little impact on Enterprise Products Partners LP’s Permian Basin operations during the first quarter, executives said Tuesday.

North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels in no small part because of drilling efficiencies. At the same time, midstreamers touted the need for more gas egress capacity while the Biden administration’s LNG authorization pause threw a wrench in the outlook for some export capacity projects. Read what NGI analysts learned during 4Q2023 earnings season and how they view supply and demand trends moving forward.

Kodiak Gas Services Inc.’s customers in the Permian Basin are clamoring for more natural gas compression as they prepare for the next wave of LNG exports, according to CEO Mickey McKee.

The Permian Basin remains its largest growth market, but with natural gas supply and demand dynamics shifting, Louisiana will surpass Oklahoma to become EnLink Midstream LLC’s second largest segment this year, according to management. 

DT Midstream Inc. (DTM) has boosted the top end capacity estimate for its Louisiana Energy Access Project, or LEAP, to 4 Bcf/d, roughly double the amount of natural gas it could be transporting by 2026.