Equity

14Jan2025

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…

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7Jan2025

With FID, KMI Hints at Next Wave of Capital Spending

Equity, Kinder Morgan, Natural Gas, The Daley Note

Kinder Morgan subsidiary Tennessee Gas Pipeline (TGP) is moving forward with the Mississippi Crossing project, securing long-term agreements for the…

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26Dec2024

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)…

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25Dec2024

Best of 2024: Data Center Demand Could Send Midstream to the Moon

Energy Transfer, Equity, Kinder Morgan, Natural Gas, The Daley Note, Williams

The energy industry is abuzz about data centers and their potential to juice future natural gas demand. East Daley views…

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24Dec2024

The Best of 2024: Sunoco’s $7.3B NuStar Deal Opens Options for Energy Transfer

Crude, Energy Transfer, Equity, NuStar, Permian

Sunoco’s $7.3B NuStar buy could drive earnings and future synergies with Energy Transfer, adding growth options and refining Sunoco’s crude…

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18Dec2024

Uinta Expansions Boost Volumes at WES Plant

Equity, Kinder Morgan, Natural Gas, Uinta, Western Midstream Partners, Williams

Western Midstream (WES) is poised to gain gas processing volumes in the Uinta Basin thanks to recent agreements with Williams…

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13Dec2024

Wheelin’ ONEOK Sells Gas Pipelines to DTM

Equity, Natural Gas, Oneok, The Daley Note

DT Midstream acquired ONEOK’s interstate gas pipelines (Guardian, Viking, and Midwestern for $1.2B. East Daley expects asset earnings to grow.

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3Dec2024

Blackstone Takes $3.5B Stake in EQT Midstream Assets

Equitrans Midstream, Equity, Natural Gas, Northeast, The Daley Note

Blackstone Credit & Insurance has formed a joint venture with EQT Corp. for stakes in several of its midstream assets,…

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20Nov2024

Kinetik Expansion to Unlock Permian Supply

Crude, Equity, Kinetik, Natural Gas, Permian, The Daley Note

Kinetik (KNTK) is expanding its operations in New Mexico, building a new pipeline that will link the Durango G&P assets…

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29Oct2024

KMI, ET Duel to Meet Southeast Demand Growth

Anadarko, ArkLaTex, Energy Transfer, Equity, Kinder Morgan, Natural Gas, The Daley Note

Kinder Morgan (KMI) and Energy Transfer (ET) have launched dueling projects to move more natural gas to the Southeast.

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