Best of 2023: ONEOK Joins Midstream Elite with $19B Magellan Purchase
ONEOK’s (OKE) $18.8B acquisition of Magellan Midstream Partners (MMP) places the company at the head table in Midstream.
Natural Gas Liquids
Enbridge Wins Approval for Line 5 Replacement Project
Michigan regulators have approved an application by Enbridge (ENB) to replace a segment of the Line 5 pipeline running under…
A Deeper Look at the EIA’s Latest NGL Data ─ NGL Production Surged Across All Basins
NGL production came in higher than expected in the Permian and Anadarko, indicating an uptick in GPMs in those regions.…
Pembina Buys Alliance, Aux Sable Stakes for C$3.1B
Pembina Pipeline will buy Enbridge’s interests in Alliance Pipeline, Aux Sable, and NRGreen for C$3.1B. The assets have a positive…
Sometimes the Best Defense is a Good Offense
Discover how leading NGL competitors are expanding pipeline capacity in the Permian Basin to protect market share. Analysis by East…
Only a Matter of Time for Targa
Despite a disappointing 3Q23 earnings, East Daley continues to expect strong growth from Targa Resources as it follows a formula…
Williams Inks Deals to Grow DJ Footprint
Williams (WMB) has reached deals to purchase Cureton Midstream and buy the remaining 50% interest in Rocky Mountain Midstream,
Pipe Conversion Will Tighten Permian Egress
Enterprise Products (EPD) is converting the 210 Mb/d Midland-to-ECHO 2 (M2E2) pipeline from crude service back to NGLs.
FREE NGL Report: The EIA’s Latest NGL Data ─ NGL Plant production +2% (104 Mb/d) M-o-M
EIA NGL production for August came in line with our forecast at 6,549 Mb/d, a 104 Mb/d (2%) increase M-o-M…
Bakken Assets Look Strong for ONEOK
As investors gear up for ONEOK’s (OKE) earnings, East Daley expects strong results from the company’s Bakken assets.