Data Center Demand: Pipe Dream or Pot of Gold for Gas?
East Daley raised our gas demand forecast to power new data centers, though we are on the lower side of…
Natural Gas
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.
Golden Pass Contractor Files for Chapter 11, Raising Concerns of a Longer Delay
The lead contractor for Golden Pass LNG has filed for bankruptcy protection, creating a potentially extended delay for the LNG…
Is EQT Back? Jump in Northeast Samples Points to Return
EQT appears to be restoring ~1 Bcf/d of production the operators shuttered back in February. East Daley expects the development…
Coal Conversion Supports New Gas Demand
Enbridge plans to expand the Eastern Tennessee Natural Gas pipeline to meet new electric demand in the Southeast. The Tennessee…
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…
Spurning Kimmeridge, SilverBow to Merge with Crescent in $2.1B Deal
Eagle Ford, Energy Transfer, Enterprise, Kinder Morgan, Natural Gas, The Daley Note, Western Midstream Partners
SilverBow Resources has reached a deal to be acquired by Crescent Energy valued at $2.1B. The agreement with CRGY comes…
Gas Constraints Could Limit Bakken Oil Growth
Gas pipelines out of the Williston Basin are filling up, to the point where growth in crude oil production could…
Kinetik Extends Reach in Delaware with Durango Midstream Purchase
Kinetik will acquire Durango Midstream’s Permian Basin assets for $765MM in stock and cash, extending the company’s reach further north…