Top Stories of 2022: Targa Acquiring Lucid Energy for $3.55 Billion
Targa Resources (TRGP) is acquiring Lucid Energy for $3.55 billion. We see a great strategic fit that could create opportunities…
Natural Gas Liquids
Top Stories of 2022: Enterprise-Navitas Deal Bumps 2023 EBITDA
East Daley Analytics expects the $3.25 billion acquisition of Navitas Midstream to generate a significant 2023 EBITDA upside for Enterprise…
Utica Play a Three-Way Opportunity for Midstream
A new Utica shale play could light a fire under Northeast midstream companies by bringing new investments to handle or…
Lower Commodity Prices Drag on Pembina Outlook
Pembina Pipeline (PBA) guided 2023 Adjusted EBITDA between $3.5 – $3.8 billion, lower at the midpoint than East Daley’s forecast…
Plains to Sell Alberta NGL Assets; We Model Supply Growth for Canada
Plains All American (PAA) will sell its 21% interest in Keyera Fort Saskatchewan back to Keyera (KEY) for $270 million.…
Dirty Little Secrets Preview: Who Gives a Frac?
Planned fractionation expansions are no match for NGL production growth in 2023, which East Daley expects will lead to tight…
Propane & Propylene Jumped from 5-Year Lows to 5-year Highs
NGL production increased 1% M-o-M (65 Mb/d) in November to 6,096 Mb/d, which was 1% above estimates published in East…
Daytona 400: Targa on Fast Track for NGL Market Share
Targa Resources is planning Daytona, a new NGL pipeline from the Permian Basin. East Daley sees a strategy to take…
An Ethane-Methane Catch 22
Permian natural gas pipeline bottlenecks are boosting ethane supply, causing new infrastructure problems in NGL markets.
We’ll Take a Crack at Northeast Ethane
Ethane demand is growing in the Northeast with start-up of the region’s first ethylene cracker. East Daley reviews the NGL…