Path2Zero Project Adds to Ethane Demand Growth
Executive Summary: Rigs: The total US rig count increased by 2 rigs for the May 19 week, up from 570…
Natural Gas Liquids
ET Joins Permian M&A Frenzy with $3.25B Deal for West Texas Gas
Energy Transfer (ET) has made a statement acquisition in the Permian, reaching a deal to acquire West Texas Gas Midstream…
Phillips 66 Expands Reach in Midland with Pinnacle Buy
Phillips 66 acquires Pinnacle Midstream, gaining key assets in Midland. This acquisition strengthens PSX’s Permian footprint and downstream integration.
ET Makes a Play for NGLs with WTG Acquisition
Executive Summary: Rigs: The total US rig count decreased by 6 rigs for the May 12 week, down to 562…
M&A Exerts a Gravity on Permian Rig Counts
E&P mergers continue to drag rig counts lower in the Permian Basin, down in April ’23 from recent highs despite…
Global Demand Drives Ethane Export Surge
Executive Summary: Rigs: The total US rig count decreased by 7 rigs for the April 28 week, down to 574…
Price Curve Misses Ethane Export Surge
Global demand for plastics continues to rapidly change US ethane markets in a way that is not reflected in the…
Enterprise Throws a Wrench in the NGL Outlook
Executive Summary: Rigs: The total US rig count increased by 2 rigs W-o-W, up to 582 for the April 21…
Big Ethane Contracts Scramble the NGL Outlook
Enterprise Products (EPD) has quietly thrown a wrench into NGL markets, announcing 450 Mb/d of ethane export commitments.
Strong Results for Targa Bode Well for Permian Names
Executive Summary: Rigs: The total US rig count increased by 2 rigs W-o-W, up to 581 from 579. Flows: The…