Locator: 45172B.
WTI: $74.80.
Friday, July 21, 2023: 79 for the month; 187 for the quarter, 442 for the year
39357, conf, CRL, Vance 6-14H,
38685, conf, Hess, GO-Ron Viall-156-98-2513H-2,
35020, conf, BR, Lillibridge 1A MBH,
Thursday, July 20, 2023: 76 for the month; 184 for the quarter, 439 for the year
None.
RBN Energy: Enterprise's NGL transportation, storage, fractionation and export machine, part 4. Archived.
Less than a handful of U.S. midstream companies own and operate
extensive NGL networks that do it all: extract mixed NGLs from
associated gas at their processing plants, transport that “Y-grade” to
their underground salt-cavern storage facilities in Mont Belvieu,
fractionate mixed NGLs into so-called “purity products” at their
fractionators, then pipe that ethane, LPG and other products either to
domestic end-users or to company-owned export docks. Enterprise Products
Partners is a member of that select group and, as we discuss in today’s
RBN blog, its NGL network — which stretches from Appalachia to the
Permian to the Rockies — is the most extensive.
As we said in Part 1
of this series, 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 select few large midstream companies have
come to own and operate. We started our review with Energy Transfer,
which owns NGL networks in Texas and (as we discussed in Part 2) the Northeast as well.
In Part 3,
we shifted our focus to Targa Resources, which, in addition to being a
major gas gatherer and processor in the Permian and a number of other
production areas, owns the Grand Prix NGL pipeline system and is one of
the biggest players in Mont Belvieu, the fractionation hub east of
Houston. Targa also owns and operates a huge LPG export terminal along
the Houston Ship Channel at Galena Park.
