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East Daley Capital is the only comprehensive provider of Midstream asset-level data and analysis that covers both the capital and commodity sectors. We go deep, to empower our clients with North American Midstream expertise found nowhere else on the market. Our proprietary methodologies and datasets uncover risk and opportunity by leveraging analysis of the intersection of energy capital and commodity markets. East Daley provides unbiased, actionable market intelligence to many of the largest midstream companies in the oil and gas industry, as well as investors and capital market participants to provide them the EDC Advantage with their strategy and execution.

The Daley Note

  • The Daley Note 11/19/2020

    • East Daley Releases 2021 Midstream Guidance Outlook: East Daley’s annual Midstream Guidance Outlook report is now available. In “Fight or Flight: Taking Stock of the Midstream,” we preview the biggest trends we see ahead for commodities and midstream capital markets in 2021.
    • U.S. Rigs Increase by 11 to 317 in Latest Week: Total U.S. rigs increased by 11 in the latest week, bringing the total U.S. rig count to 317, according to our Midstream Activity Tracker. Continuing a bullish trend, Targa Resources is up 3.0 rigs on its Permian and Bakken systems. TRGP
    • ET’s Texas-Sized Rig Recovery: Energy Transfer saw large rig gains this past week in the Eagle Ford, Permian, and ArkLaTex basins, according to our Midstream Activity Tracker. Producers added an average of 11.2 rigs on four ET systems in one week. ET
    • MVP Construction Moves Forward on Appeals Ruling: A federal appeals court on November 18 denied a motion to stall work on the Mountain Valley Pipeline (MVP), one of two legal wins Equitrans Midstream needs to finish work on the long-delayed MVP project. With only 8% left to complete, MVP’s uncertain outlook drives the fate of long-term Northeast production and price differentials. In our Northeast Production & Constraint Forecast, we model that rapid growth in regional gas production requires MVP to be in service by 2022 or the Northeast will face egress capacity constraints and structurally wider differentials. ETRN
    • North American Energy Indicators and Equity Prices
    • North American Natural Gas Prices
    • North American Crude Oil Prices
    • North American Natural Gas Liquids Prices

  • The Daley Note 11/18/2020

    • Angling for Exports: ET’s Blue Marlin Deepwater Port Joins Crowded Field: Energy Transfer’s Blue Marlin Deepwater Port recently joined the ranks of three other pending applications with the U.S. Department of Transportation’s Maritime Administration to build a deepwater port terminal to export crude oil and accommodate fully loading very large crude carriers. Despite the vast interest in expanding existing export capacity, East Daley’s Crude Hub Model models a significant overbuild in export infrastructure on the U.S. Gulf Coast. ET, EPD, ENB, PSX
    • KXL Adds First Nations Investor Ahead of Biden Decision: TC Energy said a First Nations group will invest up to C$1 billion ($764 million) in its Keystone XL Pipeline, a savvy effort to curry political favor ahead of an expected decision by the incoming Biden administration on the controversial project. While the odds remain long for the project, TRP is pursuing the only viable path we see for winning political support. ENB, TRP
    • North American Energy Indicators and Equity Prices
    • North American Natural Gas Prices
    • North American Crude Oil Prices
    • North American Natural Gas Liquids Prices

  • The Daley Note 11/17/2020

    • You Boys Like Mexico?! Sempra Project to Open LNG Route for Permian Gas to Pacific: By utilizing existing assets at a relatively modest investment, the Costa Azul LNG export should boost returns for TCP’s asset while opening new markets for Permian gas. TCP
    • Go North – Northern Delaware Leads Basin Rig Recovery: Delaware Basin rig activity has rebounded nicely off August lows, particularly in the northern part of the basin, which should benefit Lucid, Targa Resources (TRGP), and MPLX with systems in the area. TRGP, MPLX
    • North American Energy Indicators and Equity Prices
    • North American Natural Gas Prices
    • North American Crude Oil Prices
    • North American Natural Gas Liquids Prices

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