Targa Resources is stepping on the gas in the Permian again, unveiling the Speedway NGL pipeline (black-and-white dashed line on the map)—a ~500-mile, 30-inch line initially capable of 500 Mb/d, expandable to 1 MMb/d, slated for start-up Q3 2027. Speedway is complementary to Targa’s ~100-mile, 30-inch Delaware Express pipeline (black-and-yellow dashed line), expected Q2 2026, and will run alongside a portion of the Grand Prix (blue line) and Daytona (red line) pipelines . At start-up, Speedway would lift Targa’s total Y-grade takeaway from the basin to ~1.5 MMb/d; a full Speedway expansion would push the Targa's Permian systems' redline to ~2 MMb/d. Speedway is the latest entry to the race for incremental Permian Y-grade takeaway capacity. Enterprise Products Partners, Energy Transfer and ONEOK all have projects adding egress capacity later this year and into next.
Featured Articles
Hold On ... I’m Comin’ – Producers, Midstreamers Preparing for Rising Tide of Permian-Sourced NGLs
Even if Permian crude oil production were to stagnate over the next few years, the region’s output of NGLs would likely increase by half, from the current 3.2 MMcf/d to about 4.8 MMcf/d in 2030. Anticipating that growth, NGL midstreamers are planning new NGL pipeline capacity from West Texas to the Gulf Coast.
Calling All NGLs – Permian’s Rising NGL Output Spurs Another Round of ‘Wellhead-to-Water’ Projects
The rapid buildout of Permian gas processing plants and other NGL-related infrastructure in Texas and southeastern New Mexico isn’t just continuing, it’s accelerating. In today’s RBN blog, we discuss the latest project announcements and why gas and NGL production in the Permian are still rising.
New Mexico - Targa’s, Enterprise’s and MPLX’s Sour-Gas-Related Assets in the Northern Delaware
The midstreamers that built out and/or acquired the sour gas treatment facilities, acid gas injection wells and other assets E&Ps need to exploit the Northern Delaware Basin’s crude-oil-saturated rock are sittin’ pretty. Put simply, they anticipated what is now a race to “Drill, baby, drill!” in Lea County, NM, where the IP rates for crude are high but so are the H2S and CO2 content in the associated gas. In today’s RBN blog, we look at Targa’s, Enterprise’s and MPLX’s sour-gas-related assets.
