Enterprise Products Partners (EPD) Status update summary

U.S. production and supply outlook

• U.S. oil production is forecast to rise from 13.5 million barrels per day in 2025 to 14.4 million barrels per day by 2030, with the Permian Basin expected to drive 85% of liquid hydrocarbon growth.

• Wet natural gas is projected to grow to 132.5 Bcf per day by 2030, a 1.7 Bcf per day increase over prior forecasts, with total natural gas output rising from 118.1 Bcf/d in 2025.

• NGL production is expected to reach 9 million barrels per day in 2030, with about 1 million barrels per day of growth from 2025 and a 24% increase in the Permian from 2025 to 2030.

• Efficiency gains, longer laterals, and advances in drilling technology are driving production growth, with over 18,000 horizontal wells completed in the Permian in the last three years.

• Gas-to-oil ratios and peak gas rates per well are rising, contributing to higher associated gas and NGL output per barrel of oil.

Permian Basin trends and infrastructure

• The Permian Basin has 80,000 drilling locations at $60 crude with a 25% rate of return, and 75% controlled by the top 10 producers.

• Oil production in the Permian is forecast at 7.5 million barrels per day in 2025, growing by 1 million barrels per day above 2025 levels by 2030, with 15% oil and 23% gas growth from 2025 to 2030.

• Wet gas and NGLs are growing at 1.6x the rate of crude, reflecting increasing gas-to-oil ratios.

• New pipeline capacity could quickly bring 2-2.5 Bcf per day of currently curtailed gas and 450,000 barrels per day of NGLs to market, improving Waha pricing and supporting profitability.

• Continued investment in processing plants is expected to support growth in both Midland and Delaware basins.

Global demand and export dynamics

• Petrochemical demand is the main driver for global liquid hydrocarbon growth, with global demand projected to rise by 1 million barrels per day annually over the next five years.

• Every incremental barrel of U.S. energy must be exported; crude oil exports are expected to rise from 4.5 to 5.5 million barrels per day by 2030.

• LNG exports could reach 35 Bcf per day by 2030, up from 20 Bcf per day currently, with Asia and Europe LNG demand expected to grow 30% by 2030.

• LPG demand is expected to grow by 300,000 barrels per day annually, with U.S. LPG exports accounting for 47% of global waterborne supply and meeting 35% of China’s demand.

• Over 40% of U.S. ethane production is exported as ethane, ethylene, or derivatives, and U.S. ethane remains the preferred global feedstock for ethylene.