New Midstream Joint Venture to Provide Permian Basin NGL Takeaway Capacity
(P&GJ) — Three U.S. midstream companies announced the formation of a joint venture (JV) to provide natural gas liquids takeaway capacity from facilities in the Permian Basin.
The JV consisting of WhiteWater Midstream, MPLX and West Texas Gas, will offer NGL transport from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX.
WhiteWater Midstream’s Investment in the JV is backed by Ridgemont Equity Partners, Denham Capital Management and the Ontario Power Generation Inc. Pension Plan.
The JV will provide transportation service through the utilization of existing infrastructure with limited initial construction while allowing for future expansions if necessary.
The JV is supported by volumes from key processing plants with long-term commitments from top-tier Permian producers.
As part of this NGL transportation solution, the JV has entered into multiple capacity arrangements from Orla, TX to Sweeny, TX including an agreement with EPIC Y-Grade Pipeline LP (EPIC) to own an undivided joint interest in EPIC’s existing 24” NGL pipeline from West Texas to the Eagle Ford Basin.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Colonial Shuts Largest U.S. Gasoline Pipeline to Investigate Leak
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Comments