Enterprise Products Partners’ newly converted Texas Western Products system relies on old NGL pipeline networks.
Smaller, non-publicly owned midstream companies are moving quickly for a position in a consolidation-driven market.
In addition to bolstering its multi-basin network, ONEOK pulled off a $5.9 billion transaction while leaving its credit rating intact.
Apache parent APA Corp. curtailed more natural gas and NGL output than previously anticipated as it realized just $0.15/Mcf in the U.S.
Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.
The midstream sector sees surging global and domestic demand with fewer players left to offer ‘wellhead to water’ services.
The additional growth of the liquids export market will be tied to an unpredictable natural gas market, experts say.
ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.
The latest acquisitions in the midstream sector are focusing on natural gas gathering and processing to secure a spot in the lucrative NGL market.
Mach Natural Resources is offering to sell common units to fund two pending acquisitions in the Ardmore and Anadarko basins.