Remove 2028 Remove Barrel Remove Drivers
article thumbnail

ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production. Scheduled for completion in early 2028 , with expansion potential beyond 400,000 bpd. ONEOK expects higher ethane recovery rates , further increasing the volumes transported.

Basin 52
article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

Haynesville (Louisiana & East Texas) LNGs Key Driver 2023-2024 Overview Unlike the Permian Basin, which primarily drives crude oil growth, Haynesville is the primary engine behind U.S. The first projects are expected to be operational by 2028. WTI (West Texas Intermediate) Price: Averaged $76 per barrel throughout 2024.

Basin 40