Two Wells Coming Off Confidential List -- July 11, 2023

Locator: 45069B.

Amazon Prime Days.

WTI: $73.49. Bakken proxy: $78.52.

Wednesday, July 12, 2023: 62 for the month; 170 for the quarter, 425 for the year
39395, conf, Crescent Point, CPEUSC Matilda May 2-29-32-158N-100W-MBH-LL,
38683, conf, Hess, GO-Ron Viall-156-98-2513HH-4,

Tuesday, July 11, 2023: 60 for the month; 168 for the quarter, 423 for the year
37404, conf, Liberty Resources, Esther 158-93-28-33-20MBH,
37364, conf, Liberty Resources, Albertson 158-93-27-34-1MBH,

RBN Energy: Permian production boom drives build-oout of Targa's NGL network, part 3. 

Crude oil production in the Permian continues to grow, gas-to-oil ratios in the basin are on the rise, and a slew of new gas processing plants are coming online, extracting more and more NGLs that need to be transported, fractionated and shipped to end-users. Targa Resources, with its full slate of NGL-related assets — gathering systems, processing plants, NGL pipelines, fractionators and an LPG terminal — is a big winner in all this. In today’s RBN blog, we continue our series on the U.S.’s robust and growing NGL networks with a look at Targa’s array of assets in the Permian and other production areas.

In Part 1 of this series, we said that the rise in U.S. NGL production in the early years of the Shale Era was accompanied by a massive build-out of the infrastructure required to take NGLs from the wellhead to the consumers of ethane, propane and other NGL “purity products.” While we have written countless blogs about the bits and pieces of infrastructure development, what we haven’t done, at least until now, is discuss in holistic terms the NGL networks that a handful of large midstream companies have come to own and operate.