Shell Wins Big in GoM Lease Sale
The US rig count increased by 5 W-o-W with total rigs settling at 594. Liquids basins remained flat W-o-W with…
Crude
Best of 2023: Barrels Wanted: $7.1B Crestwood Acquisition May Boost ET’s Downstream Volumes
Crestwood, Crude, Energy Transfer, Equitrans Midstream, Natural Gas Liquids, Oneok, Powder River, Targa, The Daley Note
Energy Transfer’s $7.1B acquisition of Crestwood Equity (CEQP) gives ET reach in new basins and could lift volumes on several…
Best of 2023: ONEOK Joins Midstream Elite with $19B Magellan Purchase
ONEOK’s (OKE) $18.8B acquisition of Magellan Midstream Partners (MMP) places the company at the head table in Midstream.
Enbridge Wins Approval for Line 5 Replacement Project
Michigan regulators have approved an application by Enbridge (ENB) to replace a segment of the Line 5 pipeline running under…
EIA Lowers Crude Forecast vs EDA in 2024
The EIA expects US crude oil production to average 13.11 MMb/d in 2024, up from 12.93 MMb/d in 2023. The…
Enbridge Line 5 Back in the Game
Michigan regulators have approved an application by Enbridge (ENB) to replace a segment of the Line 5 pipeline running under…
Permian Drives Supply Growth in EDA Forecast
US crude oil production has reached a record high at 13.2 MMb/d, and East Daley expects growth to continue in…
WTI Prices Fall Despite Low Cushing Storage
WTI prices have disconnected recently from Cushing storage, a key fundamental indicator for US crude oil.
Enbridge Tests Waters for More Texas Exports
Enbridge (ENB) plans to hold an open season in 4Q23 to expand Gray Oak Pipeline and offer full-path service for…
Enbridge Open Season Would Lift Corpus Christi Exports
The US rig count decreased W-o-W by 4 rigs to bring the total count to 596. Liquids basins lost 8…