Since ‘08 commodity crash, TX production is up 5 Bcf/d, despite crash in NG prices. The Barnett’s Tarrant County, a dry NG play, still managed to grow production 4 of the last 5 years increasing 0.9 Bcf/d from 2008. The search for liquids in the Permian, Eagle Ford and Granite Wash have more than replaced declining production in Texas Gulf Coast & East Texas.
Enbridge Gray Oak Expansion Alone Won’t Relieve Future Permian Constraints
In Enbridge’s recent 4Q23 earnings call, the company highlighted their plans for the Permian basin.