Here in the Natural Gas Land of Plenty, we are exactly four weeks away from handing off the now-proclaimed warmest winter on record to spring. Without adding salt to wounds inflicted by the Are You Serious? gas prices, Reese Energy Consulting today is sharing the latest good news on natural gas.

Let’s start with international demand for NGL products, which are forecast to keep rising through 2031, and the midstreamers taking care of that business. Energy Transfer, Enterprise Products, Williams, and Targa are on a wind-swept Harley ride to flow, process, and ultimately export NGL, reporting sweet 4Q ink on record volumes and/or processing. Who needs Sturgis on this trip?

Permian Merger Darling Diamondback Energy has saddled up with Houston-based Verde Clean Fuels with a $20 million commitment to build a Permian plant in Martin Co., that will convert FANG’s flared gas into fully refined gasoline. The kind that works in any ICE engine, no EVs required. The project is expected to produce 3 MBPD via Verde’s double-secret tech recipe and demonstrate the ability to “mitigate the flaring of up to 34 MMCFD of natural gas.” It’s also expected to be the first of more natural gas-to-gasoline facilities in the Permian following Diamondback’s acquisition of Endeavor. Set for launch next year, Diamondback will market the gasoline under its Cottonmouth Ventures arm.

Finally, we give a big honkin’ shoutout to Tulsa-based ONEOK, which has received a Presidential Permit to build the 155-mile Saguaro Connector Pipeline, which will flow 2.8 BCFD of Permian gas to an LNG export facility on the West Coast of Mexico. In a separate administration blessing, Tellurian’s long-beleaguered Driftwood LNG project has been granted a three-year extension on the terminal’s construction. Once completed, the two-plant Driftwood will offer a capacity of 27.6 mtpy.