The Poseidon plant is backed by long-term acreage dedication agreements. Credit: Rudy and Peter Skitterians from Pixabay.

Midstream energy services provider Enterprise Products Partners has commissioned the Poseidon cryogenic natural gas processing plant in Glasscock County, Texas, US.

Stated to be the company’s sixth facility in the Midland Basin, the new plant is equipped to have nameplate capacity of 300 million cubic feet per day (mcfd).

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Backed by long-term acreage dedication agreements, the Poseidon plant is designed to extract more than 40,000 barrels per day (bpd) of natural gas liquids (NGL).

The facility is expected to increase the Enterprise’s capability to process 1.3 billion cubic feet per day of natural gas and extract more than 185,000bpd of NGL in the Midland Basin.

Enterprise general partner co-chief executive officer A J Jim Teague said: “For the foreseeable future, the Permian Basin is expected to drive domestic production of crude oil, natural gas and NGL, and the expansion of our midstream network will support producers as they meet growing demand in the US and internationally.

“The Poseidon gas plant is among $3.8bn of major growth projects expected to begin service and generate new sources of cash flow by the end of 2023.”

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Currently, Enterprise is constructing the Leonidas cryogenic natural gas processing plant in the Midland Basin, with commissioning scheduled in the first quarter of 2024.

This new plant, which will be the company’s seventh in Midland Basin, is expected to add another 300mcfd of processing capacity and more than 40,000bpd of NGL extraction capacity to the company.

In a press statement, Enterprise said: “Plants six and seven represent an expansion of the assets Enterprise purchased as part of the company’s acquisition of Navitas Midstream Partners, LLC in February of 2022.”