Enterprise Products Partners L.P. has announced the commencement of operations at its Poseidon cryogenic natural gas processing plant in Glasscock County, Texas. This new facility, the company’s sixth in the Midland Basin, has a capacity of 300 million cubic feet per day and can extract over 40,000 barrels per day of natural gas liquids. With the addition of Poseidon, Enterprise now has the ability to process 1.3 billion cubic feet per day of natural gas and extract more than 185,000 BPD of NGLs in the Midland Basin. The plant is supported by long-term acreage dedication agreements.
A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner, said, “This new processing plant, which was completed on time and on budget, represents a strategic addition to our Permian Basin assets.” Teague added that the Permian Basin is expected to drive domestic production of crude oil, natural gas, and NGLs in the foreseeable future. The expansion of Enterprise’s midstream network will support producers as they meet growing demand in the United States and internationally. The Poseidon gas plant is part of $3.8 billion worth of major growth projects that are expected to begin service by the end of 2023 and generate new sources of cash flow.
Enterprise is also constructing its Leonidas cryogenic natural gas processing plant in Midland County, Texas, which is set to begin operations in the first quarter of 2024. This will be the company’s seventh plant in the Midland Basin and will add another 300 MMcf/d of processing capacity and more than 40,000 BPD of NGL extraction capacity. These expansions are part of Enterprise’s acquisition of Navitas Midstream Partners, LLC in February 2022.
In the Delaware Basin, Enterprise is expanding its Mentone cryogenic natural gas processing facility in Loving County, Texas. The second plant is scheduled for completion in the fourth quarter of 2023, and plant three is expected to begin service in the first quarter of 2024. These projects will increase the nameplate natural gas processing capacity at Mentone by 600 MMcf/d and allow the company to extract an additional 80,000 BPD of NGLs. Upon completion of these projects, Enterprise will have the capability to process 3.8 Bcf/d of natural gas and extract over 520,000 BPD of NGLs throughout the Permian Basin.
Enterprise Products Partners L.P. is a leading North American provider of midstream energy services, serving producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals. Their services include natural gas gathering, processing, transportation, and storage, as well as NGL transportation and storage. The company’s assets include pipelines, storage capacity, and marine terminals.
For more information visit www.enterpriseproducts.com
