East Daley Analytics recently attributed NGL production records in 2024Q4 to Targa’s Daytona pipeline from Permian Basin to Mont Belvieu and Targa’s access to Energy Transfer’s Sendero plant, where Daytona receives much of its NGL volumes in New Mexico. NGL production hit another record in October 2024 after previous records in March, April, May and September 2024.
East Daley said last month that growth also is coming from the “heavies” – propane, butane and natural gasoline. East Daley added, “What’s enabled growth in the NGL ‘heavies’ is the early in-service of Targa’s Daytona NGL pipeline from the Permian to Mont Belvieu east of Houston.”
Much of the growth on Targa’s Grand Prix pipeline also came from Sendero. East Daley said, “Some of Grand Prix’s growth has come from the DJ Basin via Grand Prix’s Oklahoma lateral, but most has come from New Mexico. The jump in throughput corroborates management’s comment that the pipeline was needed to alleviate constraints, especially in the Permian.”