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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Carjackon Aug 02, 2023 11:50am
52 Views
Post# 35569120

Enterprise Starts New Texas NGL Fractionator, Adding 150,000

Enterprise Starts New Texas NGL Fractionator, Adding 150,000

(P&GJ) — Enterprise Products Partners LP has announced the start of service at its 12th natural gas liquids (NGL) fractionator in Chambers County, Texas, adding an incremental 150,000 barrels per day (bpd) of nameplate capacity.

“The addition of our newest fractionator is being driven by growing domestic NGL production in the Permian Basin as new natural gas processing plants are brought online,” said A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner.

Supported by long-term customer agreements, the new facility increases Enterprise’s NGL fractionation capacity to 1.2 million bpd at the Chambers County complex. Companywide, Enterprise now has approximately 1.7 million bpd of NGL fractionation capacity. The new fractionator is among $3.8 billion of major growth projects beginning service in 2023.

“We recently began service at our sixth gas processing plant in the Midland Basin, with three other Permian Basin gas plants expected to come online by the end of the first quarter of 2024,” Teague said. 
“On the demand side, the additional volumes will provide much-needed feedstocks for the petrochemical and refining industries, as well as products such as cleaner-burning, reliable propane for export to developing nations globally.”

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