Who’s the Next Ethane Customer? INEOS a Likely Target
Global petrochemicals plan to source more abundant US ethane, and East Daley suspects INEOS is on the short list.
Energy Transfer
LNG Investors Await Warmer Embrace by Trump
The LNG sector is poised for gains from the incoming Trump administration, which is expected to take aim at a…
Targa’s Daytona Drives Another NGL Record
NGL production hit another record in Oct ’24 thanks to the early start of Targa’s Daytona NGL Pipeline. The project…
EPIC! $2.2B Deal Vaults Phillips 66 to Midstream Elite
Energy Transfer, Enterprise, Equity, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note
Phillips 66 (PSX) will buy EPIC Y-Grade’s NGL business for $2.2B in cash, moving PSX into an elite group of…
Ethane Leads Permian Supply Surge in 2024
The quiet star of the Permian Basin in 2024 was ethane, re-establishing the benchmark for potential growth. Permian ethane supply…
Cliffhanger in Oil: Which Export Terminals Move Ahead?
Four projects hang in the balance to build deepwater export terminals in the Gulf of Mexico. The uncertainty has put…
Best of 2024: Big Ethane Contracts Scramble the NGL Outlook
Enterprise Products (EPD) has quietly thrown a wrench into NGL markets, announcing 450 Mb/d of ethane export commitments.
Best of 2024: M&A in Permian: A Knife Fight for the NGL Barrel
Energy Transfer, Enterprise, Equity, Kinetik, MPLX LP, Natural Gas Liquids, The Daley Note, Western Midstream Partners
In our annual report Dirty Little Secrets, East Daley previewed how reduced leverage ratios and increased Free Cash Flow (FCF)…
Best of 2024: Data Center Demand Could Send Midstream to the Moon
The energy industry is abuzz about data centers and their potential to juice future natural gas demand. East Daley views…
The Best of 2024: 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…