I’ll Take You There—Continued NGL Infrastructure Growth Expected in Permian and Eagle Ford Basins
With prices for crude oil, natural gas and natural gas liquids still sagging, U.S. producers have been shifting their drilling focus to “sweet spot” wells in the nation’s most prolific plays, including the Permian Basin and the Eagle Ford. Capital spending plans for 2015 detailed the past few weeks show that, even with fewer active rigs and fewer new wells, hydrocarbon production in these best-in-class areas will continue to grow this year. As for next year and beyond, that depends. What does all this mean for NGL production—and expanded NGL-related infrastructure in the Permian and Eagle Ford? Today, we preview RBN Energy’s latest Drill Down report, which forecasts NGL production in the two plays and details existing and planned gas processing plants, NGL pipelines and fractionators there.
