Houston-based Enterprise Products Partners reported record pipeline transportation and fee-based natural gas processing volumes and near-record marine terminal volumes in Q1. A.J. (Jim) Teague, co-CEO, said May 2, “Across our integrated system, we continue to see crude oil, natural gas and NGL production growth from the Permian Basin. Lower natural gas prices, however, are beginning to temper activity and growth in dry natural gas plays such as Haynesville and Eagle Ford. Both domestic and international demand for U.S. energy and energy products remains resilient.” Teague said EPP is scheduled to complete construction of two natural gas processing plants in Permian in 2023 second half – Poseidon in Midland Basin and Mentone II in Delaware Basin (each 300 MMcfd) – and Phase I of the Texas Western products pipeline.
Total fee-based natural gas processing volumes increased by 647 MMcfd to a record 5.5 Bcfd in 2023Q1. Largest contributors were EPP’s Delaware and Midland basins and gas processing plants in Louisiana and Mississippi. Total crude oil pipeline transportation volumes were 2.3 million b/d in 2023Q1 compared to 2.2 million b/d in 2022Q1. Total natural gas transportation volumes increased to a record 18.023 TBtusd in 2023Q1 compared to 16.4 TBtusd in 2022Q1. Transported NGLs came to 4 MMbd in Q1 – up 11 percent from 2022Q1.