Texas firm opens still another natural gas processing operation in Midland Basin

Enterprise Products Partners L.P. (EPD) Company Profile, News, Rankings | Fortune


Enterprise Product Partners L.P. announced that its Poseidon cryogenic natural gas processing facility in Glasscock County, TX, has begun operations.

The new facility, which is the company’s sixth plant in the Midland Basin, can extract more than 40,000 barrels per day (bpd) of natural gas liquids (NGLs). It has a nameplate capacity of 300 million cubic feet per day (MMcf/d).

Poseidon’s expansion has granted Enterprise the potential to process 1.3 billion cubic feet of natural gas per day (Bcf/d) and extract more than 185,000 bpd of NGLs in the Midland Basin.

According to A.J. “Jim” Teague, co-chief executive officer of EPD’s general partner, the new processing plant, which was completed on time and budget, represents a strategic addition to the company’s Permian Basin assets. He added that a number of large expansion projects (worth $3.8 billion), including the Poseidon gas plant, are anticipated to start operating and generate new sources of cash flow by the end of 2023.

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