Winter Blitz Calls Transco Expansions into Action
Winter storms have ignited heating demand and increased flows on new expansions of Williams’ (WMB) Transcontinental pipeline, including the Southside…
Equity
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…
With FID, KMI Hints at Next Wave of Capital Spending
Kinder Morgan subsidiary Tennessee Gas Pipeline (TGP) is moving forward with the Mississippi Crossing project, securing long-term agreements for the…
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…
Uinta Expansions Boost Volumes at WES Plant
Western Midstream (WES) is poised to gain gas processing volumes in the Uinta Basin thanks to recent agreements with Williams…
Wheelin’ ONEOK Sells Gas Pipelines to DTM
DT Midstream acquired ONEOK’s interstate gas pipelines (Guardian, Viking, and Midwestern for $1.2B. East Daley expects asset earnings to grow.
Blackstone Takes $3.5B Stake in EQT Midstream Assets
Blackstone Credit & Insurance has formed a joint venture with EQT Corp. for stakes in several of its midstream assets,…
Kinetik Expansion to Unlock Permian Supply
Kinetik (KNTK) is expanding its operations in New Mexico, building a new pipeline that will link the Durango G&P assets…