The Grand Prix Is in High Gear
The wait for more midstream infrastructure from the Permian to the Gulf Coast has been nothing short of an endurance test for producers struggling to get their supplies to market. With 40 pipeline projects under construction in Texas alone, the race is at full throttle to build the systems to gather, process and transport historic volumes of oil, gas and NGLs. No, they don’t happen overnight but we’re starting to see fruition. Reese Energy Consulting today is studying news from Houston-based Targa Resources and the start-up of its $1.3 billion Grand Prix NGL pipeline, which stretches from the Permian Basin to the company’s fractionation and storage complex at Mont Belvieu, Texas, and further downstream to Targa’s export assets. With an initial capacity of 300,000 BPD expandable to 550,000 BPD, the Grand Prix is part of Targa’s massive integrated midstream network that also includes gathering pipelines and processing plants across the Midland and Delaware sub-basins, Eagle Ford, Oklahoma’s Arkoma and Anadarko basins, and the Bakken. Gentlemen, start your engines.