ONEOK the Consolidator (Medallion Edition)
ONEOK (OKE) is buying Medallion Midstream for $2.6B and expanding into Permian crude gathering. Strategically the move makes sense, and…
Natural Gas Liquids
New Projects Will Change Bakken NGL Dynamics
Executive Summary: Rigs: The US total rig count decreased by 2 for the August 18 week, down to 563 from…
Matterhorn is Great for Commodities – Except One
NGLs have had the pole position on hydrocarbon growth in 2024, due largely to incentives to extract ethane from the…
$3.3B EnLink Deal Moves the Needle for ONEOK
Anadarko, ArkLaTex, EnLink, Equity, Natural Gas, Natural Gas Liquids, Oneok, Permian, The Daley Note
ONEOK (OKE) is acquiring EnLink Midstream (ENLC) for $3.3B. The purchase move the needle in several ways: ENLC assets bridge…
Ethane Recovery Set to Ease After Matterhorn
Executive Summary: Rigs: The US total rig count decreased by 12 for the August 11 week, down to 544 from…
Pipes, Plant Expansions Support Next Permian Growth Phase
Energy Transfer, Enterprise, Natural Gas, Natural Gas Liquids, Permian, Targa, The Daley Note, Western Midstream Partners
East Daley sees Permian Basin gas production growing ~1.7 Bcf/d by YE24 as egress constraints are relieved by new pipelines.…
One Simple Trick to Solve ONEOK Contracting Risk
ONEOK (OKE) faces a big contract cliff in 2028 on West Texas NGL, its Permian NGL pipeline. OKE can mitigate…
New Gas Infrastructure Supports Permian NGL Growth
Executive Summary: Rigs: The US rig count decreased by 9 for the August 4 week, down to 559 from 568.…
Pinnacle Deal Lowers Volume Risk for PSX, Sand Hills Pipeline
While the Permian NGL sector is in expansion mode, Phillips 66 (PSX) is one of the few not building new…
Big Pipe Build Shifts Market for Permian NGLs
Executive Summary: Rigs: The US total rig count decreased by 2 for the July 28 week, down to 557 from…