Permian’s Last Expandable Pipe Adds New Investors
Diamondback Energy (FANG) and Kinetik Holdings (KNTK) have acquired a joint 30% equity stake and committed more volume to EPIC…
Kinetik
Enterprise Buys Pinon Assets, Makes Play for Delaware Sour Gas
Enterprise Products agreed to purchase sour gas gathering and treating infrastructure from Pinon Midstream for $950MM in cash. The deal…
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)…
Kinetik Extends Reach in Delaware with Durango Midstream Purchase
Kinetik will acquire Durango Midstream’s Permian Basin assets for $765MM in stock and cash, extending the company’s reach further north…
Kinetik Starts a Different Sort of Border Conflict
Kinetik (KNTK) has started service on a pipeline extending the company’s West Texas G&P system into New Mexico, posing new…
Permian Shrink Continues with $4.5B APA-Callon Deal
APA Corp. will acquire Callon Petroleum for $4.5B. The deal likely will result in rig cuts, continuing the consolidation trend…
New Meters Point to Start of Permian Highway Expansion
Leading NGL competitors are taking an aggressive tack to protect market share, proposing to build significantly more pipeline capacity out…
Gulf Coast Express Stake Still on the Block
Kinetik (KNTK) continues to explore the sale of its stake in Gulf Coast Express Pipeline.
Producer May Ramble After Latest Permian Merger
Permian Resources (PR) will acquire Earthstone Energy (ESTE) for $4.5 billion in stock. The deal gives PR new drilling options…
A Midstream Turf Battle in New Mexico
Midstream competition is heating up in the northern Delaware Basin, where Kinetik Holdings (KNTK) is building a new pipeline to…