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.
Enterprise
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)…
The New Swing Supply in Ethane
Ethane supply has taken a hit on Enterprise’s ATEX Pipeline from the Northeast to the Gulf Coast as a result…
An Ethane Customer in Need
Braskem Idesa is short ethane supply in southern Mexico. New Gulf Coast terminal expansionss are timed well to fill the…
Make Way for Matterhorn: Ramp at Katy Creates Intrastate Rivals
A fast ramp by the Matterhorn pipeline appears to backing out natural gas from several pipelines at the Katy hub.
Matterhorn Gas is Coming Your Way
The Matterhorn pipeline has quickly ramped to the Katy hub thanks to new pipeline interconnects. Matterhorn is now delivering ~1.4…
The Hot Cash-and-Carry Trade in Energy
Very low ethane cash prices and the steep contango shape of the forward curve in early August ’24 created an…
Out of the LOOP: Port is Fenced Out of Crude Export Growth
The Louisiana Offshore Oil Port (LOOP) has missed out on rapid crude oil export growth due to its remote location…
Gas Expansions Bring New Problems Moving Permian Oil
New investments that solve for the Permian gas egress problem are likely to advance when constraints emerge moving crude oil.
Ethane Momentum Stalls Until Next Project Wave
With most Gulf Coast export terminals operating near capacity, East Daley Analytics sees a near-term mismatch between ethane supply and…