Updated Aug 22, 2024
8/22/24
Private equity-backed Brazos Midstream is planning to add 500 MMcf/d of cryogenic natural gas processing capacity and 175 miles of gas gathering pipelines in the Permian Basin’s Midland sub-basin by the end of next year, management said.
Devon Energy Corp. is working with midstream companies to help advance a natural gas pipeline in the Permian Basin, management said Thursday.
Pipeline constraints in the oil-rich Permian Basin have not impacted Diamondback Energy Inc.’s production, but “pushing out more pipes” could help low natural gas prices in West Texas.
In a natural gas market where abundant supplies and a lack of demand have depressed prices, the scarcity of pipeline capacity has added to the complexity for buyers who must ensure daily deliverability to customers, a panel of executives said recently.
As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets could be turned upside down in 2023 as midstream bottlenecks leave gas stranded in producing basins.
Top Mexican officials were in Texas this week laying out their new strategy for natural gas.
An East Coast LNG export terminal that would tap into vast amounts of feed gas from the Appalachian Basin is aiming to pre-file with federal regulators by the end of the year and reach a final investment decision by 2024.
In a sign that the energy industry’s recovery from Covid-19 remains choppy, monthly trading for natural gas pipeline capacity releases reversed course, soaring 178% in June, according to the latest figures from The Capacity Center.