Page 8 - NorthAmOil Week 18 2022
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NorthAmOil PIPELINES & TRANSPORT NorthAmOil
Whistler Pipeline partners reach
FID on expansion project
TEXAS THE partners in the Whistler Pipeline in Texas cost-efficient residue gas transportation out of
have announced a final investment decision the Permian Basin, which is vital to our growing
(FID) on an expansion of the project, which gas processing position, producers in the region
carries gas from the prolific Permian Basin. The and gas customers.”
partners – MPLX, WhiteWater Midstream and a The 450-mile (724-km) pipeline, which runs
joint venture between Stonepeak Infrastructure from Waha to Agua Dulce, has been in service
Partners and West Texas Gas – decided to pro- since July 2021, along with an 85-mile (137-km)
ceed with the expansion after securing sufficient lateral that provides connectivity to the Permi-
firm transportation agreements with shippers. an’s Midland sub-basin. Its expansion comes as
The expansion will increase the Whistler other companies in the region are also consid-
mainline capacity from 2bn cubic feet (56.6mn ering increasing their gas takeaway capacity in
cubic metres) per day of gas to 2.5 bcf (70.8 response to rising production and demand.
mcm) per day via the installation of three new In April, Kinder Morgan launched an open
compressor stations. It is anticipated to enter ser- season for an expansion of 650mn cubic feet
vice in September 2023. (18.4 mcm) per day to the Permian Highway
“The decision to move forward with this pipeline’s existing capacity of 2.1 bcf (59.5 mcm)
expansion project after securing sufficient per day capacity. Kinder Morgan said at the time
commitments from shippers demonstrates that it ready had already executed long-term
our disciplined approach to investing,” stated binding agreements for half of the expansion. It
MPLX’s executive vice president and chief com- is also considering a 550 mmcf (15.6 mcm) per
mercial officer, Timothy Aydt. “Whistler has day expansion of the 2 bcf per day Gulf Coast
demonstrated its ability to provide reliable and Express gas pipeline.
Enterprise reports 16% rise in crude
pipeline volumes in first quarter
US US pipeline operator Enterprise Products Part- assets include about 1,750 miles (2,816 km) of
ners has reported a 16% rise in crude pipeline pipelines.
volumes in the first quarter of 2022. Its oil pipe- The company’s revenues rose by 42% y/y,
line transportation volumes grew to 2.2mn bar- reaching $13bn compared with $9.16bn, and
rels per day, up from 1.9mn bpd during the same easily beating analysts’ estimate of $10.39bn,
quarter last year. according to Refinitiv IBES. Its distributed cash
Volumes increased on the firm’s Midland- flow achieved a record high of $1.8bn for the
to-ECHO pipeline, which transports crude quarter, a rise on 1.7bn a year ago.
from the Permian Basin to Enterprise’s ECHO However, Enterprise’s net income in the first
terminal in Houston. The company also saw quarter edged slightly lower to $1.3bn, down
a rise in volumes on its oil-gathering systems from $1.34bn, as operating costs and expenses
in West Texas and Southeast New Mexico that jumped to $11.4bn, up from $7.55bn during the
connect to its terminal in Midland, Texas. first quarter of 2021.
Additionally, Enterprise reported a 39% year- “The first quarter of 2021 had mixed results
on-year increase in crude volumes handled by across our business segments due to the wide-
its marine terminals, to 796mn bpd in the latest spread impacts of winter storms Uri and Viola,
quarter. as well as downtime for planned maintenance
The firm also reported a strong quarter for at our PDH 1 facility and octane enhancement
its natural gas pipelines unit. Enterprise trans- facility,” said the co-CEO of Enterprise’s general
ported 16.4 trillion British thermal units (464mn partner, AJ “Jim” Teague.
cubic metres) per day, up 20% from a year ago, “Our record Adjusted EBITDA of $2.3bn in
as global demand spiked following Russia’s inva- the first quarter of 2022 was driven by our petro-
sion of Ukraine. chemical and refined products services segment,
Amid the increased demand for gas, Enter- higher natural gas processing margins, and gross
prise purchased the Warburg Pincus-owned operating margin attributable to the Navitas
Navitas Midstream for $3.25bn in February. The Midstream acquisition,” Teague added.
P8 www. NEWSBASE .com Week 18 05•May•2022
