The build-out of natural gas processing plants in the Permian continues unabated. In just the past few days, four of the largest midstream players in the U.S.’s premier hydrocarbon production area have unveiled plans for a combined 1.3 Bcf/d of new processing capacity, most of it in the gassier Delaware Basin portion of the crude-oil-focused play. And that’s on top of the 11.7 Bcf/d of processing that’s already been added in the Permian over the past four-and-a-half years — and the 2.6 Bcf/d of soon-to-be-finished projects announced previously. That’s quite a run, and still more processing plants may be in the cards — if midstreamers build more takeaway-pipeline capacity. In today’s RBN blog, we discuss recent processing-plant and pipeline developments in West Texas and southeastern New Mexico.
Production of dry natural gas in the Permian is now averaging 15.5 Bcf/d — an amazing thing, really, when you consider that (1) at the start of 2018, the region was producing less than 7 Bcf/d, and (2) the focus of production in the Permian is crude oil, whereas associated gas (natgas and NGLs) has until recently been a byproduct of sorts that producers and their midstream cohorts need to deal with as they continue to expand their activities. Handling all that raw gas has required the development of scores (yes, scores!) of gas processing plants and a number of new or expanded natural gas and NGL pipelines. And oil-focused producers have been willing to pony up for processing because the last thing they want is for their oil production to be stymied because their gas didn’t flow. The infrastructure build-out continued without letup during the COVID era, as we chronicled in our ... Ready for It? blog series, One Step Ahead and, most recently, More, More, More. (And don’t forget, we track everything related to Permian gas markets in RBN’s weekly NATGAS Permian report.)
The NATGAS Production Tracker - Texas provides a DAILY update of natural gas production in Texas the New Mexico side of the Permian Basin. Quickly and easily view today’s supplies in the Lone Star state and download the full historical table when you need it.
In a related vein, we’ve also been monitoring the ongoing consolidation and rationalization of gas gathering and processing assets in the Permian, and written blogs about the merger of Altus Midstream and BCP Raptor Holdco LP (the corporate parent of EagleClaw Midstream) into a new entity called Kinetik Holdings; Enterprise Products Partners’ purchase of Navitas Midstream, a leading gas gatherer/processor in the Midland Basin; and (just last month) Targa Resources’ acquisition of Lucid Energy Group from Riverstone Holdings and Goldman Sachs Asset Management for $3.55 billion in cash.
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About the song
The music for “Keep This Party Going” was written by Keith Strickland and the lyrics by Fred Schneider, Kate Pierson and Cindy Wilson. The song appears as the 11th tune on the B-52s’ seventh studio album, Funplex. The song celebrates having fun and partying, with an outro section that name-drops many cities, guaranteeing that concert fans will go nuts when the city the band is playing in is mentioned. Personnel on the record were: Fred Schneider (vocals, cowbell), Kate Pierson (vocals), Cindy Wilson (vocals), Keith Strickland (guitars, programming), Tracy Wormworth (bass), Sterling Campbell (drums), and Pete Davis (keyboards, programming).
Funplex was recorded between September 2006 and November 2007 and produced by Steve Osborne. Released in March 2008, the album went to #11 on the Billboard 200 Albums chart. It was the band’s first studio album of new material since Good Stuff, released in 1992. Three different covers were offered on the Funplex CD in the Digipak format, and some autographed copies were offered at Newbury Comics and FYE stores. Target offered limited quantities of a double CD of the album, including a disc of a live concert at the Roxy in Los Angeles. Two singles were released from the LP.
The B-52s are an American new wave dance band formed in Athens, GA, in 1976 by Fred Schneider, Kate Pierson, Cindy Wilson, Ricky Wilson and Keith Strickland. After guitarist Ricky Wilson's death in October 1985, drummer Keith Strickland switched to guitar duties in the band. The band combined 1950s and ’60s pop and rock with dance beats and a fascination for low-brow art and trash culture. They have released seven studio albums, six compilation albums, three live albums, one EP and 27 singles. The B-52s finished their final tour in January 2023, After that, they started a series of residencies at the Venetian Las Vegas in Paradise, NV.
