Permian Natural Gas Boom Continues with Two New Processing Plants

Enterprise Products Partners has approved two new natural gas processing plants in the Permian Basin, an area where production is growing rapidly. The move comes as about 2 billion cubic feet per day (Bcf/d) of curtailed production could return to market, putting pressure on Waha prices before 2027. This growth is part of a larger trend, with Permian processing volumes increasing by 14%.

Co-CEO Dan Teague has announced his retirement after a 50-year career in the industry, but the company's expansion plans will continue unabated. The new plants are expected to help refill takeaway capacity and mitigate the impact of returning supply on Waha prices.