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  • Rover’s Rapid Progress Has Analysts Watching For Producer Ramp-Up With Energy Transfer’s Rover Pipeline project progressing at a rapid pace, the countdown is on for producers to be ready fill that new capacity when it hits the market.
    The $4.2 billion, 3.25 Bcf/d Appalachian takeaway mega project is supported by significant producer commitments and is around 95% subscribed, but questions remain about how quickly the …
  • Press Release: East Daley Capital Advisors Adds Four Midstream Companies to Its Portfolio of Asset-Level Coverage Expanded Coverage Provides Exclusive Insight Into Permian Crude Oil Takeaway
    Centennial, CO – March 8, 2017 – East Daley Capital Advisors, Inc., an energy assets research firm redefining how markets view risk in midstream energy companies, announced today that it has initiated full coverage by asset on four new crude and refined product companies in the …
  • Oil and Gas Investor: Report Reveals Midstream Investing Risk By Scrutinizing Operations, Financials The analytical team at Centennial, Colo.-based East Daley Capital Advisors Inc. conducted its research convinced that a granular approach would better serve investors. Its new report, “Dirty Little Secrets,” embraces the complexity of the sector by diving deep into the status and strategies of 23 of its leading companies.
    By digging deeply into the major players’ …
  • Rigzone: A Primed Pump: Midstream Prepared for the Permian’s Pinch Point As rig rage drove up the U.S. count to a level not seen in years, production in the prolific Permian Basin entered 2017 under the shadow of a bottleneck that threatened to choke the flow of all that black gold.
    But as luck would have it, the midstream sector saw that coming.
    During January alone, midstream companies …
  • RBN Energy: Dirty Little Secrets – Why Vertically Integrated Midstream Companies Hold an Edge When you examine the assets, contracts and other details of a midstream company using a fine-toothed comb, you can gain a fuller, more useful understanding of the firm’s value and growth prospects. With such a thorough analysis, one thing that becomes clear is that vertically integrated midstreamers—those with interconnected processing, pipeline, fractionation and storage assets—tend …
  • Press Release: East Daley Capital Introduces “Dirty Little Secrets” — A New Report on Midstream Energy Sector Risk dirty little secretsFebruary 1, 2017 — East Daley Capital Advisors, Inc., an energy assets research firm redefining how markets view risk in midstream energy companies, announced a new report: “Dirty Little Secrets: Lifting the Covers on Midstream Energy Company Risk.” The report details 23 prominent companies in the midstream space and subdivides them into a detailed asset-level view …
  • RBN Energy: Dirty Little Secrets – Midstream Is On the Upswing, But Hidden Risks Remain Below the Surface Accurately assessing the value of—and prospects for—a midstream energy company requires a deep, detailed analysis that considers the firm’s individual processing plants, pipelines, storage and other assets; asset location and the degree to which the assets complement each other; and the underlying contracts that generate revenue. Do less, and you may be getting a pig …
  • Press Release: East Daley Capital Advisors Launches New Midstream Activity Tracker for Natural Gas Gathering and Processing Assets Exclusive Report Unmasks Metrics by Midstream Asset Across Major Active U.S. Basins
    Centennial, CO – January 11, 2017 – East Daley Capital Advisors, Inc., an energy assets research firm bringing greater transparency to the financial market, announced today the industry’s first report to track near real time rig and well dynamics by processing systems across the …
  • Midstream Business Cover Story: Private Equity’s Growing Role Midstream-focused private equity has established an outsized slice of the sector’s capital market, and for some very good reasons. Financing the segment’s needed expansion in the past decade has required specialized knowledge, combined with a large Rolodex of prospective client operators and contacts. Meanwhile, there has been a fortuitous—for private equity providers—pullback by competing lenders …
  • The Surge: A New Year, A New Outlook & More One Rig, Two Rig, Three Rig, More
    Back in the Aug. 19 issue of Data Insights (Thick as thieves: WTI to Permian rig count) we highlighted the strong correlation of WTI to Permian rig count. Essentially, WTI has historically been a strong predictor of how many rigs will be operating in the Permian and that for …

Data Insights

  • April 14, 2017 Rockies Express Doing Exactly What their Name Says: Rockies Express (REX) has contracted over 0.5 Bcf/d of short-term marketing contracts in March and April as market dynamics are forcing more Rockies gas to flow east into the Midwest………
    DAPL Flexes Its Scale: Dakota Access Pipeline filed their initial tariff rates this week giving better insight on their competitive …
  • April 7, 2017 Waha Facts are the Facts, are the Facts?: The fact that Waha cash basis has weakened to ($0.30) behind Henry Hub so far in April signals that gas production is growing in the Permian……
    Sitting on the Dock of the Bay: Enterprise Products Partners (EPD) announced two projects this week to transport and store ethylene on …
  • March 31, 2017 Pour Some Color On Me – Hess Midstream Partners (HESM) is going public this week after reporting adjusted EBITDA of $6.25 million during FY2016. The company is backed by 7-year MVCs for most of its assets, including the Tioga Gas Plant, and has additional dropdown potential. (Ticker: HESM)……. 
    Natural Gas Market Getting Tighter? Not So Fast …
  • March 24, 2017 KMI’s New Pipeline Got You Excited? Here’s Some Cold Water – Kinder Morgan announced this week a non-binding open season to build a 1.7 Bcf/d greenfield pipeline from Waha hub in the Permian to Agua Dulce in the Eagle Ford. On the surface the project appears viable, however, looking deeper into the production fundamentals throws …
  • March 10, 2017 One if by Land, Two if by Sea – At Enterprise’s 2017 Analyst Day, EPD provided new details on the proposed Centennial Pipeline conversion. (Tickers: EPD, MPC, SXL)..……..
    Producers Staying Tru(deau) To Their Commitments – KMI announced this week that is has increased its cost estimate of the Trans Mountain pipeline expansion from $6.8B CAD to …
  • March 3, 2017 Soooo you’re saying there’s Another Pipeline Being Planned from the SCOOP/STACK? – On their Q4 2016 earnings call, ONEOK (OKS) announced that it was in talks with producers to build a 1.4 Bcf/day pipeline from the SCOOP/STACK area to Bennington Hub in SE Oklahoma. ONEOK’s pipeline will deliver volumes to Bennington, allowing producers to contract …
  • February 24, 2017 Extra, Extra, Read All About it, More Fractionating Capacity – Prior to the 4Q16 earnings call, ETP announced the 120 Mb/d Frac V. which will begin service in September 2018. (Tickers: ETP, SXL)……. 
    DUC Season Opens Early – Continental Resources (CLR) is once again completing wells in the Bakken according to data submitted to the state …
  • 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 …
  • February 10, 2017 If you woke up in a different place, at a different time, could you be owned by a different company? Western Gas Partners (WES) will own 100% of the Delaware Basin JV (DBJV) gathering system after announcing plans to swap assets with Williams Partners (WPZ) on Thursday……
    What the heck is a quorum? The FERC isn’t the only …
  • February 3, 2017 Rig Rage Continues to Drive Midstream Expansions. For the third time in two weeks, a midstream company has announced a Permian crude oil pipeline expansion project……….
    Red Rover, Red Rover, Send Rover Right Over. On Feb. 2, FERC finally granted the long-awaited certificates to begin construction on Rover pipeline and related expansions of Panhandle and Trunkline………
    Small …