The exploration and production sector may be feeling the heat from slumping natural gas prices, but they had little impact on Enterprise Products Partners LP’s Permian Basin operations during the first quarter, executives said Tuesday.

Driven by its operations in West Texas, natural gas transportation volumes during 1Q2024 improved from a year ago to 18.6 trillion Btu/d from 18.0 trillion Btu/d. Fee-based gas processing volumes increased to 6.4 Bcf/d from 5.5 Bcf/d. Natural gas liquids (NGL) fractionation volumes also rose, climbing to 1.6 million b/d from 1.4 million b/d.

At the Waha hub in West Texas, gas prices turned negative this year, but Enterprise came out of it calm, cool and collected.

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