NGI - Permian Highway Start-Up Sending Natural Gas to Gulf Coast

December 7, 2020 – Natural Gas Intelligence

Permian Highway Start-Up Sending Natural Gas to Gulf Coast

By Leticia Gonzales

On the company’s third quarter 2020 earnings call, CEO Steven Kean said that although associated gas production in the Permian is expected to remain slow given the weak oil price environment, PHP’s in-service would not be to the detriment of Kinder’s other gas systems in the basin since most of the existing takeaway is under reservation, fee-based contracts.

RBN Energy LLC analyst Jason Ferguson said Permian production has generally recovered from the dip it experienced this summer after the unprecedented decline in oil prices, hovering in the 11.5-12.0 Bcf/d range “for some time.”

Meanwhile, Permian outflows to the Midcontinent plunged last week as PHP ramped up. That trend, he told NGI, would likely continue through next year as PHP continues to ramp up and Whistler Pipeline comes online.

Read the full article here: https://www.naturalgasintel.com/permian-highway-start-up-sending-natural-gas-to-gulf-coast/