WTG acquisition strengthens Energy Transfer’s Permian presence
July 16, 2024 By Brian Richesson
Energy Transfer’s $3.25 billion acquisition of WTG Midstream gives it control of a major midstream player headquartered in Midland, Texas.
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Energy Transfer’s $3.25 billion acquisition of WTG Midstream gives it control of a major midstream player headquartered in Midland, Texas.
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White Mountain Oil & Propane delivered the first gallons of renewable propane in New Hampshire to one of its commercial customers.
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Enterprise Products Partners LP is highlighting four new capital projects that it says will support continuing production growth in the Permian Basin.
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Natural gas fundamentals are very important for propane retailers to monitor, since 80 percent of propane supply comes from natural gas processing.
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The United States saw a 5 percent increase in natural gas processing capacity and processing throughput between 2014 and 2017 in the lower 48 states.
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The $900 million agreement with Superior Plus Corp. represents the last piece of NGL Energy Partners’ retail propane business.
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PADDs 2 and 1B were impacted by pipeline woes, while PADD 3 saw the planned expansion of Enterprise Products Partners’ Houston Ship Channel terminal.
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NGL Energy Partners and Magnum Liquids formed a joint venture to focus on the storage of natural gas liquids and other refined products.
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Enterprise Products Partners will also expand its natural gas liquid extraction capabilities by an incremental 40,000 barrels per day (bpd) to 120,000 bpd.
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Propane’s future in the new age of energy may not lie in typical markets.
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