Enterprise Snapping Up Piñon Midstream to Build Permian Natural Gas Gathering Services

Permian Basin benchmark Waha cash prices, mired in a protracted slump amid limited natural gas takeaway capacity and a supply glut, may see the summer come and go without relief. But a massive new pipeline is slated to enter service this fall, promising to free up an abundance of associated gas and ease pricing pressure.

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.

Energy midstream giant Tallgrass Energy, which operates 10,000-plus miles of natural gas and oil pipelines and storage systems across the Lower 48, has clinched a new partner that is bringing in a bundle of funding.

TC Energy Corp. is moving forward with the Cedar Link lateral from the Coastal GasLink (CGL) natural gas pipeline to supply the Cedar LNG Partners LP export project on Canada’s west coast.

NextDecade Corp. CEO Matt Schatzman said this week that the U.S. Court of Appeals for the District of Columbia Circuit’s decision vacating FERC authorization for its Rio Grande LNG project sets a dangerous precedent. The company, he said, is prepared to take “any and all available legal and regulatory actions” to ensure the project isn’t delayed.

Woodside Energy Group Ltd. is betting on a big future for LNG and the U.S. Gulf Coast’s role in it after making a bold move last month to acquire Tellurian Inc. and its Driftwood liquefied natural gas export project in Louisiana.