Updated Sep 25, 2024
9/25/24
Calgary-based Pembina Pipeline Corp. is expanding its portfolio of Western Canada natural gas midstream assets to support infrastructure development in the Montney Shale and Duvernay formation, which is expected to be the epicenter for supply to feed future LNG exports.
As Permian Basin natural gas volumes continue to exceed expectations and drive record activity, Enterprise Products Partners LP has sanctioned a natural gas liquids (NGL) expansion to meet customers’ growing appetite for export capacity, executives said Tuesday.
Management for Range Resources Corp. said hedging strategically and capturing more favorable liquids prices would help navigate the volatile natural gas market as the exploration and production firm holds production steady through the end of the year.
Rising gas-to-oil ratios (GOR) and a mandate to stamp out flaring in the Bakken Shale mean opportunity for the Williston Basin’s leading natural gas processor, Oneok Inc., management said Tuesday.
Enterprise Products Partners LP said it benefited from higher natural gas prices during January’s winter storm and was looking ahead to 2024 when any other commodity price bounces would add to volume-driven growth.
Montney Shale drilling in northeastern British Columbia (BC) would keep flowing liquid byproducts of natural gas even if the Canadian Liberal government hits its net-zero emissions targets, according to the developer of a C$350 million ($262 million) pipeline project.
After posting record volumes across its gathering and processing (G&P) systems during the third quarter, Targa Resources Corp. has sanctioned two midstream projects in the Permian Basin.
Production of ethane, a natural gas liquid (NGL), should grow by about 9% in the United States during the second half of 2022 compared to first-half levels, according to an Energy Information Administration (EIA) forecast.
Phillips 66 and Enbridge Inc. have agreed to merge and exchange interests in a natural gas liquid-heavy (NGL) midstream firm and crude oil pipeline through a joint venture in a move management from both companies say will enhance value.
Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said Thursday.