MPLX Acquires Rest of BANGL to Advance NGL Strategy
Infrastructure: MPLX is acquiring full ownership of BANGL for $715MM, expanding its reach from the Permian to export docks. Rigs:…
Natural Gas Liquids
Targa Tacks on New Infrastructure Targeting Permian NGLs
A significant amount of infrastructure is being built by 2029 to handle NGL processing, transportation, fractionation and distribution. Targa Resources…
Range Commits to New East Coast Terminal
Executive Summary: Infrastructure: Range Resources (RRC) said it has committed to 20 Mb/d of takeaway and export capacity at a…
Targa Adds to Infrastructure Targeting Permian NGLs
Executive Summary: Infrastructure: Targa (TRG) is the latest company to announce new NGL infrastructure projects to handle supply growth from…
Who’s the Next Ethane Customer? The Case for GAIL
US ethane supply is booming, and international petrochemical companies are chomping at the bit for the cheap feedstock. Who will…
Frigid January Rebalances Propane Market
Executive Summary: Infrastructure: Propane storage fell sharply in January, lowering the risk of an oversupplied market in ‘25. Rigs: The…
Northeast Producers Join the NGL Party
Ethane supply hit another record in November ’24, the fifth monthly record high in 2024. The Permian has been the…
The Perfect Couple: ONEOK, MPLX Partner on Downstream NGL Projects
ONEOK (OKE) and MPLX (MPLX) have partnered to build out the downstream component of their NGL value chain. The arrangement…
ONEOK, MPLX Partner on Downstream NGL Projects
Executive Summary: Rigs: The total rig count remained flat for the January 19 week at 531. Flows: US flow samples rebounded 3.1 Bcf/d…
Outrigger Deal Moves KMI Closer to Filling Double H
Kinder Morgan could make good progress filling its converted Double H Pipeline following the acquisition of Outrigger Energy.