Diamondback, Endeavor to Merge in $26B Deal Targeting Midland
US rig count up by 6 (Jan 28). Diamondback merges with Endeavor in $26B deal, consolidating Midland Basin. EDA expects…
Crude
New Fields Grow Gulf of Mexico Production in 2024
Several new deepwater projects are planning to start up this year and contribute to higher production from the Gulf of…
TMX Raises Prices for Refiners, Canadian Producers
The total US rig count decreased by 6 rigs for the week ending January 21. The rig count now sits…
Bill Coming Due for Refiners as TMX Nears Completion
The cost to US refiners and midstream operators is coming into sharper view as the Trans Mountain Pipeline Expansion moves…
Permian Production Exits 2023 at a Record High
Crude oil production from the Permian Basin exited 2023 at an all-time high of 6,115 Mb/d, according to East Daley’s…
New Fields to Lift Gulf of Mexico Output in 2024
The total US rig count decreased by 2 rigs W-o-W, down to 600 from 602. The Eagle Ford is up…
Sunoco’s $7.3B NuStar Deal Opens Options for Energy Transfer
Sunoco’s $7.3B NuStar buy could drive earnings and future synergies with Energy Transfer, adding growth options and refining Sunoco’s crude…
Kinder Morgan Results Miss Consensus, 1% above EDA in 4Q
Kinder Morgan (KMI) reported 4Q23 Adj. EBITDA 3% below Street estimates, confirming a forecast by East Daley Analytics for a…
Bakken Production Takes Hit in Winter Storm
North Dakota oil production fell by 412.5 Mb/d due to the Artic blast observed over the MLK weekend.
Permian Shrink Continues with $4.5B APA-Callon Deal
APA Corp. will acquire Callon Petroleum for $4.5B. The deal likely will result in rig cuts, continuing the consolidation trend…