Brazos Midstream’s Post

"WTG's 6,000-mile pipeline network serves significant operators in some of the most active areas of the Midland Basin, operates eight processing plants with a total capacity of 1.3B cf/day, and is constructing two new plants with 400M cf/day of an additional capacity; the first new plant is expected to be in service in Q3 2024 and the second plant in Q3 2025. Energy Transfer (ET) said it expects the addition of WTG assets to provide increased access to growing supplies of natural gas and natural gas liquids volumes enhancing its Permian Basin operations and downstream businesses. The partnership expects WTG will add ~$0.04/unit of distributable cash flow in 2025, growing to ~$0.07/unit in 2027; it said WTG’s cash flows are supported by a high-quality customer base, predominately investment grade, with an average contract life of more than eight years. Includes a 20% ownership interest in the BANGL NGL Pipeline. BANGL is a joint venture between White Water, MPLX, WTG, and Rattler. The natural gas liquids pipeline system connects the Delaware and Midland basins of Texas to the fractionation market in Sweeny, Texas, and has expansion capacity of up to 300,000 bpd."

Tank Storage News America: Brazos Midstream announces significant milestones in buildout of new Midland Basin To view article please click here: https://hubs.ly/Q02NDcCq0 Does your company have news to share with the industry? Please contact: marketing@storageterminalsmag.com and we will be happy to assist. #storageterminalsmagazine #tankstorage #oil #chemicals #gas #tankterminals #bulkliquids #tanks #storagetanks #storageterminals #liquids #storageterminalsmag #news

Enbridge Touts Natural Gas Projects Adding Permian Egress and Supporting LNG, Data Center Demand   https://ift.tt/go4udWV Enbridge Inc. management touted a plethora of projects strategically focused on LNG exports and natural gas that are expanding and optimizing the Calgary-based midstream giants’ operations.  CEO Greg Ebel recently held an earnings call and reviewed the company’s first quarter results.  With “sustainability at the core, Enbridge is “committed to meeting the needs of our customers,” Ebel said. [Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.] To that end, WhiteWater Midstream, I Squared Capital, MPLX LP and Enbridge agreed in March to combine the Whistler pipeline already in operation and the Rio Bravo pipeline project, which would enter service in 2026, in a new joint venture (JV). The JV also includes Waha Natural Gas Storage and the ADCC Pipeline, which is expected to come into service in the third quarter. The formation of the Enbridge WhiteWater MPLX JV, would allow the midstreamer to establish a natural gas footprint in the Permian Basin. The transaction extends Enbridge’s access to Gulf Coast liquefied natural gas terminals, adding a connection to Cheniere Energy Inc.’s Corpus Christi terminal. “The portfolio of assets is highly contracted and backed by predominantly investment grade counterparties, which aligns perfectly with our low-risk commercial model,” Ebel said.  Beyond that, the system has embedded future growth opportunities that would support growing LNG export volumes. Prices And Prospects  Egress is tight, and additional capacity is needed out of Waha to move natural gas to demand areas, as evidenced by natural gas prices being hammered by a flood of supply and the inability to move it out of the region.  Prices at the West Texas regional benchmark Waha hub notched a 39.5-cent gain Wednesday that brought the average to 50.0 cents/MMBtu, NGI data show. Prices had languished in the negative since March, falling below negative $4.00 earlier this month. “We see right now, obviously, Rio Bravo, with our contribution there, will be a new build-out to support that LNG, so that will eventually have an opportunity to take incremental gas out of the Permian,” Enbridge’s Cynthia Hansen, president of Gas Transmission & Midstream (GTM) said.  Hansen said there would be additional brownfield and greenfield growth opportunities there. Meanwhile, the company is progressing the Tennessee Ridgeline Expansion, which would deliver natural gas to the Tennessee Valley Authority’s proposed natural gas combined-cycle plant. The project reached a final investment decision, and construction is expected to begin in 2025 with an in-service date at the end of the year. In addition, Enbridge made strides in growing its natural gas utilities business unit, closing the Enbridge Gas Ohio acquisition in March.  The deal was one of s...

Energy Transfer Snapping Up Permian Assets in $3.25B Deal for WTG Midstream https://ift.tt/DVR4mAr Energy Transfer LP is expanding its access to Permian Basin natural gas and natural gas liquids (NGL) in a $3.25 billion deal to acquire WTG Midstream Holdings LLC from a subsidiary of independent Diamondback Energy Inc. and investment firm Stonepeak. Private midstreamer WTG primarily operates in the Permian’s prolific Midland sub-basin. Through the deal, Energy Transfer would gain more than 6,000 miles of natural gas gathering pipelines spanning some of the most active areas of West Texas. “The addition of WTG assets is expected to provide Energy Transfer with increased access to growing supplies of natural gas and NGL volumes enhancing the partnership’s Permian operations and downstream businesses,” Energy Transfer said.  [Data Center Demand: How is the growth in artificial intelligence and data centers expected to impact the natural gas industry? What obstacles and opportunities lie ahead to serve the power-hungry facilities? Tune in to NGI’s podcast to learn more.] The Dallas-based midstreamer also is acquiring eight gas processing plants with a combined capacity of about 1.3 Bcf/d. Two additional plants to add 400 MMcf/d of capacity are under construction and expected to be online later this year and in the second half of 2025.  Midland, TX-based WTG is held 25% by Diamondback subsidiary Rattler Midstream LP. Diamondback said it expected to net $375 million from the transaction, which would help to fund its $26 billion merger with Endeavor Energy Resources LP. In addition, Diamondback management during a recent quarterly earnings call underscored a need for expanding egress for the Permian as producers in the region have grappled with low natural gas prices. Permian benchmark Waha prices have hovered below $2.000/MMBtu throughout most of the year, but dropped below $1.000 this past winter as temperatures were exceptionally mild. Prices continued to plummet with the onset of spring, hitting a year-to-date average low of negative $4.595 in early May. With early-summer heat starting to become more widespread across Texas and export demand ratcheting higher following maintenance, Waha moved back to the positive side of the ledger at an average 22.0 cents in Friday (May 24) trading. What’s more, NGI’s Forward Look shows Waha averaging around $2.900 for this winter and at $2.590 for 2025. The WTG deal also would give Energy Transfer a 20% stake in the 425-mile BANGL pipeline, a joint venture between WhiteWater Midstream LLC, MPLX LP, WTG and Rattler. The pipeline flows NGLs from the Permian’s Delaware and Midland’s sub-basins to the fractionation market in Sweeney, TX, on the Gulf Coast. It has an expansion capacity of up to 300,000 b/d, according to WhiteWater. The post Energy Transfer Snapping Up Permian Assets in $3.25B Deal for WTG Midstream appeared first on Natural Gas Intelligence EXEDRA via Daily GPI – Natural Gas Inte...

On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/iMr20E

Unlocking the Potential of Haynesville Natural Gas Haynesville's natural gas production is poised for a comeback! Kush Thakkar, Managing Consultant at Enkon Energy, dives into Haynesville's potential and the midstream infrastructure needed to support its growth. Key takeaways: -Haynesville production is expected to recover driven by new LNG demand. -Timely pipeline expansion has ensured sufficient takeaway capacity. -New pipeline projects will add critical capacity by 2025. -Permian gas production also impacts Haynesville's landscape. Stay tuned for our next article exploring the interplay between Haynesville and Permian gas production. Interested in the U.S. shale gas outlook? Contact Enkon Energy Advisors LLC for a detailed analysis of the regional pipeline outlook and natural gas market insights. #Haynesville #NaturalGas #ShaleGas #LNG #PipelineInfrastructure #EnkonEnergyAdvisors #enkon #et #enterprise #Shale #oil #wetgas #oilprice

On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/LxSetD

Energy Transfer is set to expand its presence in the Permian Basin by acquiring WTG Midstream Holdings for $3.25 billion. This acquisition, announced on May 28, is part of a broader trend in the midstream sector aimed at reducing costs and gaining access to key oil and gas regions, including the U.S. Gulf Coast export facilities. The deal, which is expected to close in the third quarter of 2024, includes $2.45 billion in cash and 50.8 million newly issued Energy Transfer shares. Diamondback Energy, which holds a 25% stake in WTG, will receive about $375 million from this transaction. WTG's assets include a 6,000-mile pipeline network, eight processing plants with a total capacity of 1.3 billion cubic feet per day, and two additional plants under construction. The acquisition also encompasses a 20% interest in the 425-mile BANGL Pipeline, enhancing connectivity from the Permian Basin to the Texas Gulf Coast. Energy Transfer expects the WTG assets to boost distributable cash flow per share by nearly $0.04 in 2025, growing to $0.07 per share by 2027. This acquisition follows Energy Transfer's recent purchases of Crestwood Equity Partners, Lotus Midstream, and NuStar Energy L.P., further solidifying its position in the industry. The company is also one of three considering building a deepwater port along the Texas coast and anticipates receiving a draft Environmental Impact Statement for its offshore terminal this quarter. https://lnkd.in/gqB93vaF

On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/xtnagM

Energy Transfer to Acquire WTG Midstream in $3.25 Billion Deal to Expand Permian Presence With the recent acceleration in consolidation in the pipeline industry, some companies seek cost-cutting measures, while others aim to expand their reach and secure access to prolific oil and gas production areas like the Permian Basin and export terminals along the U.S. Gulf Coast. Read it here ▶ https://lnkd.in/grvXjSD7 #pipelinejournal #pipelinenews #pipelineindustry #pipelines #USA #Texas #gas