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Kinetik Sees ‘Meaningful Ramp’ in Natural Gas Output as Kings Landing Nears Startup

Natural Gas Intelligence · last updated

Permian Basin pure-play Kinetik Holdings Inc. has made significant progress on projects aimed at boosting natural gas processing volumes and anticipates more growth through 2026 as its projects become fully utilized, management said.

Natural Gas Intelligence's (NGI) natural gas forward curve chart showing basis price forecasts for hubs key to the West Texas market.

CEO Jamie Welch told analysts during a recent second quarter earnings call that producer activity in New Mexico continues to reinforce management’s confidence in “how highly economic the rock formation is in Eddy and Lea counties.” The areas make up the northern section of the company’s position in the Permian’s Delaware sub-basin.

Kinetik is expanding its footprint near Kings Landing, the company’s 220 MMcf/d greenfield gas processing facility in Eddy County.

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