The Nederland terminal on the Sabine-Neches waterway between Beaumont and Port Arthur, Texas, provides area customers with about 26 million barrels (MMbbl) of crude and 1 MMbbl of NGL aggregate storage capacity.
Price of the NGL ‘barrel’ slinks to its lowest point since November.
With the Dakota Access Pipeline coming online there’s plenty of capacity for takeaway from the Bakken and D-J; just mind the message you’re sending, one analyst said.
New ethane cracking capacity will provide one answer to the gas liquids demand question.
NGL prices mostly hold steady in anticipation of increased demand.
Enterprise Products Partners will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.
Tucked into the EPA’s Greenhouse Gas Reporting Rule, Subpart W requires careful attention from upstream and midstream operators.
The increase in reported shale reserves is driven by new drilling efficiencies, leaner operations and improved well completion techniques, industry experts said.
NGL prices will stabilize, and then rise but not quite yet, CERAWeek panelists say.
As shale firms rebound from a two-year price war with OPEC, many are planning to expand production in North Dakota, Oklahoma and other shale regions.
Kevin L. Burdick, currently senior vice president, natural gas gathering and processing, has been promoted to executive vice president and chief commercial officer.
U.S. natural gas inventories rise during the last week of February for the first time ever.