MPLX LP

25Jun2024

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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20Jun2024

Let’s Get Cracking: Shell Plant Ramps, and a Northeast Ethane Market Takes Shape

Energy Transfer, MPLX LP, Natural Gas Liquids, Northeast, The Daley Note

An ethane market is developing in the Northeast as Shell (SHEL) finally ramps operations at the Monaco cracker in southwestern…

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6Jun2024

After Marathon Deal, Conoco has Bakken in Crosshairs

Bakken, Crude, Kinder Morgan, MPLX LP, Natural Gas, Oneok, The Daley Note

ConocoPhillips will acquire Marathon Oil for $17.1B. COP is evaluating cuts to the Bakken drilling program, creating downside for several…

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7May2024

Pipeline Work Will Disrupt Permian Crude Flows

Crude, Energy Transfer, Enterprise, MPLX LP, Permian, Plains

Maintenance work on the Wink-to-Webster and Midland-to-Echo III pipelines will disrupt crude flows out of the Permian Basin in June.

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9Apr2024

FTC Request Delays CHK-SWN Merger

ArkLaTex, DTM Midstream, Energy Transfer, MPLX LP, Natural Gas, Northeast, Williams

Chesapeake (CHK) and Southwestern Energy (SWN) have postponed the closing date of their E&P merger following an information request from…

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20Mar2024

EQT-Equitrans Merger Heralds Asset Sales Ahead

Equity, MPLX LP, Natural Gas, Northeast, The Daley Note, Williams

EQT will acquire Equitrans Midstream for $5.5B in stock. The merger will create an opportunity for companies to pick up…

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7Feb2024

A New NGL Contender Enters the Ring

MPLX LP, Natural Gas, Natural Gas Liquids, Permian, The Daley Note

MPLX is positioning to join a small group of companies that own all parts of the NGL value chain linking…

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18Jan2024

The Case for Upside from a CHK–SWN Combo

ArkLaTex, Energy Transfer, Equity, MPLX LP, Natural Gas, Northeast, The Daley Note, Williams

The Chesapeake-Southwestern merger could be good or bad news for midstream companies, depending how a few factors break. East Daley…

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17Jan2024

Is $17B CHK – SWN Deal Good for Midstream? The Bear Case

ArkLaTex, Energy Transfer, Equity, MPLX LP, Natural Gas, Northeast, The Daley Note, Williams

Chesapeake and Southwestern Energy will merge and create the largest US natural gas producer. EDA expects the deal to shift…

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29Nov2023

New Utica Shale Play Gains Steam in Eastern Ohio

DTM Midstream, MPLX LP, Natural Gas

DTM’s Ohio Utica system launch and EOG’s 430k acres fuel new energy in the Utica Shale play. Upcoming projects, processing…

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