Growth in hydrocarbon production continues to impress the markets despite capital discipline shown by oil and gas producers. While U.S. producers have maintained strict capital control, production is still increasing at an extraordinary pace. For instance, Permian natural gas production has surged by ~3.6 Bcf/d from 1Q 2023 through Q4… Read more »
Posts By: enkon
OneOk and MPLX Join Hands to Achieve Full Vertical Integration for NGLs
OneOk and MPLX have entered into definitive agreements to form a strategic joint venture to construct a 400 MBPD liquified petroleum (LPG) export terminal in Texas City, TX. The proposed large-scale LPG export terminal will complete OneOk’s and MPLX’s full vertical integration of its’ NGL midstream value chain. In addition,… Read more »
Phillips 66 Acquisition of EPIC- A Masterstroke!
On Jan 10th, 2025, Phillips 66 (“P66”) announced its acquisition of EPIC Y-Grade, further strengthening its position in the natural gas liquids (NGLs) market, particularly as it related to the prolific Permian basin. This move expands P66’s already impressive portfolio, which includes complete vertical integration of NGL assets such as… Read more »
U.S. Waterborne Ethane Exports – Poised for Growth
Over the past decade, the U.S. has become a leading ethane exporter, fueled by abundant supply, growing global demand for lighter petrochemical feedstocks, competitive pricing, and long-term customer contracts that enabled substantial investments in export infrastructure. As of September 2024, U.S. waterborne exports reached ~0.4 MMBPD, or 15% of domestic… Read more »
ONEOK Closer to Full Vertical Integration
In September 2024, ONEOK announced its strategic acquisition of a controlling interest in EnLink from Global Infrastructure Partners (GIP) along with its plans to acquire all EnLink’s publicly held interest. This acquisition is a significant strategic step for ONEOK, positioning it to not only gain a foothold in the prolific… Read more »
Looming Mont Belvieu NGL Fractionation Capacity Crunch?
Growth in hydrocarbon production continues to impress the markets despite producer capital discipline. While U.S. producers have maintained strict capital control, production is still increasing at an extraordinary pace. For instance, Permian natural gas production has surged by ~3.5 Bcf/d from January 2023 through Q2 2024, with forecasts suggesting an… Read more »