WES Powders Portfolio with $885MM Meritage Deal
Western Midstream (WES) will acquire Meritage Midstream’s Powder River Basin assets for $885MM in cash.
Natural Gas Liquids
King of NGLs Makes a Bakken Power Play
ONEOK (OKE) plans to expand its Elk Creek NGL pipeline, though East Daley’s Bakken supply forecast shows no need for…
ONEOK’s Curious Plan to Expand Elk Creek Pipeline
ONEOK (OKE) plans to expand its Elk Creek NGL pipeline, though East Daley’s Bakken supply forecast shows no need for…
NGL Production +2% M-o-M, driven by Northeast & Offshore
EIA NGL production came in at 6,527 Mb/d, 1% higher than our forecast, and increased 2% M-o-M (+152 Mb/d) and…
Another One! ONEOK Adds to Permian NGL Pipeline Push
ONEOK (OKE) plans to loop its West Texas NGL (WTX NGL) pipeline, joining an industry push to expand NGL pipelines…
Barrels Wanted: $7.1B Crestwood Acquisition May Boost ET’s Downstream Volumes
Crestwood, Crude, Energy Transfer, Equitrans Midstream, Natural Gas Liquids, Oneok, Powder River, Targa, The Daley Note
Energy Transfer’s $7.1B acquisition of Crestwood Equity (CEQP) gives ET reach in new basins and could lift volumes on several…
EIA NGL PRODUCTION Flat M-o-M, +8% Y-o-Y
EIA NGL production was essentially unchanged M-o-M for May, as rig counts dropped off across most basins. However, production remains…
Pent-Up Travel Demand? Taking a Closer Look at ET’s Nederland NGL Export Expansion
Energy Transfer (ET) announced last quarter that it is expanding its NGL export capacity at its Nederland terminal, positioning itself…
It’s Getting Hot in Here: Ethane Prices Surged to Nearly $0.40/gal
Ethane prices hit $0.39/gal on July 17 as persistent heat waves in Texas may be impacting production while demand reached…
Enterprise Permits New NGL Pipeline Out of Permian
Enterprise Products (EPD) has permitted a new NGL pipeline out of the Permian Basin that appears to follow the same…