ONEOK Buying Spree Continues with Delaware JV Acquisition
ONEOK is acquiring the remaining 49.9% interest in its Delaware Basin joint venture from NGP XI Midstream Holdings, LLC for $940MM.
MPLX LP
Kinetik Rides Post-Earnings Momentum
Energy Transfer, Enterprise, Equity, Kinetik, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note
Kinetik Holdings (KNTK) shares have traded higher following its 1Q25 earnings update, boosted by bullish CEO commentary.
What’s Matterhorn Worth? At Least $5.5B Based on Devon Sale
Devon Energy has agreed to sell its 12.5% equity interest in Matterhorn Express for $375MM, placing a marker on the…
What Slowdown? Permian Processing Expansions Plow Ahead at $60 Oil
Enterprise, Equity, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note, Western Midstream Partners
Despite lower WTI prices, the rush is still on to build gas processing in the Permian Basin. Developers have used…
WhiteWater Group FIDs Traverse Pipeline to Integrate South Texas Market
WhiteWater Midstream and partners MPLX, Enbridge and Targa Resources will move ahead with the Traverse Pipeline in South Texas.
Borealis Breakthrough: Boardwalk’s Bold Bet to Unleash Appalachian Gas
Boardwalk Pipelines is holding an open season for the Borealis project to expand the Texas Gas Transmission system and open…
Harmon Creek Project Lifts Northeast Ethane for Mystery Market
East Daley is monitoring several expansions in the Northeast that will increase regional ethane production. One of these, MPLX’s Harmon…
Permian NGL Race Heats Up as MPLX Strikes Deal for BANGL
MPLX will acquire the remaining 55% interest in BANGL Pipeline for $715MM from WhiteWater and Diamondback Energy. The deal expands…
Northeast Producers Join the NGL Party
Ethane supply hit another record in November ’24, the fifth monthly record high in 2024. The Permian has been the…
The Perfect Couple: ONEOK, MPLX Partner on Downstream NGL Projects
ONEOK (OKE) and MPLX (MPLX) have partnered to build out the downstream component of their NGL value chain. The arrangement…