Exports are the Big Prize of OKE-MMP Combo
The merger of ONEOK (OKE) and Magellan (MMP) could reap big profits from exports, according to East Daley Analytics.
Crude
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.
Wildfires Cut Oil and Gas Flows from Canada
Wildfires have led Canadian producers and midstream operators to shut-in some infrastructure.
Delaware Producer is Moving Downstream
Independent producer Matador Resources (MTDR) is building a midstream foothold in the Delaware Basin.
Environmentalists Target Colorado Permitting Ban
An environmental coalition plans to put forward a state ballot initiative to ban the permitting of oil and gas wells…
A Neglected Trophy in the Delaware
A modest oil pipeline in the northern Delaware Basin could capture upside from development in the hottest US oil play.
Ovintiv–EnCap Deal Sets Off a Midland Rig Fight
Ovintiv’s purchase of three EnCap-backed producers will result in a shrinking rig count in the Midland Basin.
Enterprise Lowers View on Commodity Supply
EPD has lowered supply growth expectations. EPD’s short- to medium-term gas forecast mostly aligns with East Daley’s outlook, but diverge…
Energy Transfer Flexes Dry Powder in Lotus Midstream Acquisition
Energy Transfer (ET) plans to acquire Lotus Midstream for $1.45B ($900MM cash), raising the midstream giant’s profile in Permian crude…
Trans Mountain Expansion Faces More Delays, Cost Hikes
Heavy oil producers in Western Canada will have to keep waiting before a pipeline expansion to the Pacific Coast opens…