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…
Enterprise
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)…
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…