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February 17, 2017

If You Run Marathons, You’re a Marathoner – After announcing plans to acquire the asset last week, MPLX announced its intention to expand the Ozark Pipeline which has current crude capacity of 230 mb/d from Cushing, OK, to Wood River, IL. (Tickers: MPLX, EEP, MPC)……. 

OHHHHH Canada – Enbridge Energy Partners (EEP) has taken a beating since they announced lower guidance for 2017 and hinted at a possible future distribution cut. (Ticker: EEP)……. 

Sail Away, Sail Away, Sail Away – According to the company’s 4Q16 earnings, Targa Resources’ (TRGP) LPG exports averaged 206.4 Mb/d during 4Q16, slightly higher than EDC’s estimate of 205 Mb/d and the strongest quarter of the year for TRGP. (Ticker: TRGP)…… 

Tonight’s Weather, Clear with Higher Volumes – After a spike in crude production for both October and November, North Dakota saw oil production drop to its lowest levels of 2016 in December…… 

Upside Down(stream)? – As noted in EDC’s “Dirty Little Secrets” report, there is upside potential for Permian pipelines that either have capacity today or have announced expansion projects (i.e., Cactus and BridgeTex). (Tickers: PAA, SXL, MMP)……

Data Insights is a weekly report covering midstream market news and trends. For more details on these and other Data Insights, email insight@eastdaley.com to receive the weekly report.