Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
Discover How Top NGL Producers Keep Growing
05/01/2020
Each year a substantial growth in volume can be observed in both gas processing and NGL production.
Energy Transfer Partners was the top NGL producer, with a 14% growth compared to previous year. Their NGL production reached 540,000 barrels per day. For 2019, Energy Transfer has reported NGL production of 571,000 bbl/d. That is a 6% increase in production compared to 2018.
Energy Transfer did not supply processing figures, but the company has reported an increase in gathered natural gas (Permian, Northeast, and North Texas) and this is likely to push them onto one of the top positions of the natural gas processor rankings. However, due to the lack of specific figures they were placed on the 10th spot in Midstream Business’ annual rankings.
The rise in processed volumes in the Marcellus Shale has kept MPLX (previously MarkWest Energy Partners) in the first spot as top gas processor. The company reported a 15% increase in earnings for the 2018 fiscal year. No wonder Gary Heminger,MPLX’s chair and CEO said “2018 was a transformational year for MPLX”.
The most significant increase in gas processing with a 16% growth compared to the previous year was recorded by ONEOK Partners. This growth is mainly attributed to high production in the Rockies and the Midcontinent.
DCP Midstream Partners has ranked number 5 in the top NGL producers with a 10% increase from the previous year. A 1% increase in processed gas has kept the company ranking 3rd in the gas processor rankings.
Ranking second in top gas processors and third in NGL producers, Enterprise Product Partners has kept a constant growth in volume in the past several years.
Targa Resources is one of the companies that has been steadily increasing NGL production in the past several years. Targa reported a 25% growth of NGL produced in 2018 compared to 2017 and a 21% increase in 2019 compared to previous year.
Here are the TOP NGL Producers
Here are the TOP Gas Processors
Get more information on pipelines operated by top ranking gas processors and NGL producers by signing up for a Free Energy Datalink account.
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
How Big Is U.S. NG Pipeline Network?
See how U.S. NG pipeline network length compares to that of other countries.
TOP 2022 vs 2023 Permian Producers Overview by Rextag
The Permian Basin, America's prime oil region, faced significant challenges during the COVID-19 pandemic. The industry saw a drastic reduction in rigs and fracking crews and had to close some operations as oil prices plummeted, leading to widespread restructuring. Now, the Permian is making a strong comeback. Over the last three years, exploration and production companies (E&Ps) have increased their drilling activities. They're focusing on spending wisely and maximizing returns to their investors. The Permian's role is crucial. It was projected to contribute over 5.98 million barrels of oil per day in December, making up about 62% of the total oil production in the Lower 48 states, as per the EIA.
Kinetik Holdings recently announced a series of transactions in the energy sector. They struck a deal to buy Durango Permian infrastructure for $765 million. At the same time, they're selling their 16% share in the Gulf Coast Express Pipeline to ArcLight Capital Partners for $540 million. The total purchase cost includes $510 million in cash paid immediately and an additional $30 million that will be paid later, depending on whether they decide to expand further.
Recently, the Permian has seen significant acquisitions: Exxon Mobil purchased Pioneer Natural Resources for about $60 billion. Diamondback Energy's $26 billion deal to acquire Endeavor Energy Resources is currently on hold due to requests from the U.S. Federal Trade Commission. Occidental’s acquisition of CrownRock for $12 billion in the Midland.
EOG Resources is pushing boundaries in Ohio's Utica oil play and now drilling on the Sable pad, also located in Noble County. This site features the 3.7-mile lateral currently under construction. The company's first multi-well pads in the area Timberwolf and Xavier have each produced over 200,000 barrels of oil since their inception—Timberwolf in August and Xavier in October. A third site, the four-well White Rhino pad in Noble County, is also showing promising early results, according to Keith Trasko, EOG’s Senior Vice President of Exploration and Production, who noted the wells are performing as expected in their initial weeks.