MPLX Buys Northwind for $2.375B, Acquires More NGLs for JV Project
MPLX will acquire Northwind Midstream Partners for $2.375B in cash, the latest move in the industry race to secure NGLs…
Fundamentally Speaking
ONEOK, Plains Take Control of BridgeTex Ahead of Upturn
ONEOK and Plains All American fully own BridgeTex Pipeline after buying out the 50% interest of OMERS.
Midstream Cleaves Into Winners, Losers as Permian Rigs Slide
Drilling in the Permian Basin fell by 34 rigs in 2Q25, a 12% Q-o-Q decline, as softer oil prices and…
KMI, ArcLight Expanding NGPL to Meet New Power Demand
In Kinder Morgan’s (KMI) 2Q25 earnings materials, the company announced two expansions on the Natural Gas Pipeline Company of America…
Reading the 2Q25 Tea Leaves Part III: Gas Processor Volumes Rebound, but Growth is Shifting
The volumetric picture for companies that process rich gas is becoming clearer for 2Q25. Total Lower 48 sample volumes rose…
Reading the 2Q25 Earnings Tea Leaves Part II: Kinetik Faces Uphill Climb Meeting Growth Target
East Daley Analytics has published updated models and 2Q25 Earnings Previews for Energy Transfer (ET), Genesis Energy (GEL) and MPLX,…
Reading the 2Q25 Earnings Tea Leaves: Volumes Outlook
Market Movers: The first round of Earnings Previews points to some interesting data for 2Q25 results. Rigs: OLD – Williams…
Emerging Midland Asset Could Attract Suitors
Market Movers: Brazos Midstream’s Midland G&P system is likely to attract interest from suitors, aided by a strong performance from…
$5.6B EOG-Encino Deal Shines Spotlight on Northeast
Exec Summary: Market Movers: Kinetik Holdings shares gained after 1Q25 earnings, boosted by bullish CEO commentary. Rigs: $60 oil prices…