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.
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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.
Movin’ On – The Infrastructure That Keeps Permian NGLs Flowing
The Permian is the country’s largest NGL-producing region, and its output is expected to keep growing. By 2035, the basin is forecast to account for 53% of U.S. NGL production. Handling that growth will require a complex network of pipelines, fractionators and other infrastructure.
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.
