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…
Natural Gas Liquids
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…
Midstream’s Role in the Future of Energy
East Daley shares our macroeconomic outlook for U.S. Oil, Natural Gas, and NGLs review producer discipline scenario implications on midstream,…
Supply Powers Higher, When Will Frac Constraints Limit Growth?
NGL supply production increased 3% M-o-M and 12% Y-o-Y in July according to the latest EIA data, just above East…