Articles tagged Whistler

Diamondback Energy Inc. is aiming to capture more value from the immense volumes of associated natural gas it produces as a byproduct of oil extraction in the Permian Basin, according to management.

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 outlook for added feed gas demand in the coming months is beginning to firm, portending a possible tight supply balance next year.

Spot natural gas prices for Wednesday flow at Waha and nearby delivery hubs in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild, spring-like weather reduced demand.

Surging production and new takeaway capacity paved a path for record-high natural gas supplies flowing from the prolific Permian Basin.

Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday.

Natural gas futures fell on Monday for a fourth consecutive session, succumbing to shifts in fundamentals as production jumped to record levels and forecasts showed fading weather demand in the back half of October.

MPLX LP is bumping up its capital spending by $50 million in 2023 to work toward debottlenecking pipeline constraints and expanding gathering and processing (G&P) capacity in the Permian Basin, as well as the Bakken and Marcellus shales.

Whistler Pipeline LLC, which transports up to 2 Bcf/d of natural gas from the Permian Basin in West Texas to the Aqua Dulce hub in South Texas, has inked an agreement to expand the system to Cheniere Energy Inc.’s Corpus Christi LNG facility.

With demand strong and production poised to rise through this year, Whistler Pipeline is expanding its infrastructure and capacity in the Permian Basin, co-owner WhiteWater Midstream LLC said Tuesday.