Mt. Belvieu Frac Capacity – No Vacancy
Executive Summary: Rigs: The total US rig count decreased by 6 rigs for the June 2 week, down to 558…
Natural Gas Liquids
Let’s Get Cracking: Shell Plant Ramps, and a Northeast Ethane Market Takes Shape
An ethane market is developing in the Northeast as Shell (SHEL) finally ramps operations at the Monaco cracker in southwestern…
ET Taps into Growing Northeast Ethane Market
Executive Summary: Rigs: The total US rig count decreased by 8 for the May 26 week, down to 563 from…
ET Eyes More Ethane Recovery from Rover Pipeline
Energy Transfer is looking to tap into the growing ethane market in the Northeast. The company has reached an agreement…
Energy Transfer Makes a Play for Midland NGLs
Energy Transfer has made a big move to secure a slice of the Midland NGL pie. The $3.25B acquisition of…
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…
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…