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Discover How Top NGL Producers Keep Growing
04/30/2020
Each year a substantial growth in volume can be observed in both gas processing and NGL production.
Energy Transfer Partners was the top NGL producer, with a 14% growth compared to previous year. Their NGL production reached 540,000 barrels per day. For 2019, Energy Transfer has reported NGL production of 571,000 bbl/d. That is a 6% increase in production compared to 2018.
Energy Transfer did not supply processing figures, but the company has reported an increase in gathered natural gas (Permian, Northeast, and North Texas) and this is likely to push them onto one of the top positions of the natural gas processor rankings. However, due to the lack of specific figures they were placed on the 10th spot in Midstream Business' annual rankings.
The rise in processed volumes in the Marcellus Shale has kept MPLX (previously MarkWest Energy Partners) in the first spot as top gas processor. The company reported a 15% increase in earnings for the 2018 fiscal year. No wonder Gary Heminger,MPLX's chair and CEO said “2018 was a transformational year for MPLX”.
The most significant increase in gas processing with a 16% growth compared to the previous year was recorded by ONEOK Partners. This growth is mainly attributed to high production in the Rockies and the Midcontinent.
DCP Midstream Partners has ranked number 5 in the top NGL producers with a 10% increase from the previous year. A 1% increase in processed gas has kept the company ranking 3rd in the gas processor rankings.
Ranking second in top gas processors and third in NGL producers, Enterprise Product Partners has kept a constant growth in volume in the past several years.
Targa Resources is one of the companies that has been steadily increasing NGL production in the past several years. Targa reported a 25% growth of NGL produced in 2018 compared to 2017 and a 21% increase in 2019 compared to previous year.
Here are the TOP NGL Producers
Here are the TOP Gas Processors
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