Reading the 4Q25 Tea Leaves: Bahia, Northwind Set Table for Next Earnings; KMI Opens With Gas-Driven Strength
Kinder Morgan (KMI) opened the 4Q25 earnings season with a bang, reporting record earnings from its natural gas business. Enterprise…
Oneok
Permian M&A: Consolidating the Edge to Fortify the Core
Midstream companies in 2025 accelerated efforts to vertically integrate amid rising industry concentration. This trend has driven a rotation of…
Permian M&A: Consolidating the Edge to Fortify the Core
Midstream companies in 2025 accelerated efforts to vertically integrate, driving a rotation of capital out of lower-synergy, non-core assets and…
ONEOK Ramps Volumes on Expanded Elk Creek Pipeline
ONEOK continues to rapidly fill its expanded Elk Creek Pipeline, diverting more ethane from its legacy Bakken pipeline to the…
Top Stories of 2025: EPIC! $2.2B Deal Vaults Phillips 66 to Midstream Elite
Energy Transfer, Enterprise, Equity, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note
Top Stories of 2025: Phillips 66 will buy EPIC Y-Grade’s NGL business for $2.2B in cash. The deal elevates PSX…
Sinclair Proposes Rockies Route to Fill Western Products Shortfall
Crude, Denver Julesberg, Green River, Kinder Morgan, Oneok, Phillips 66, Powder River, The Daley Note, Uinta
HF Sinclair has thrown its hat in the ring to meet a looming refined products shortfall in California and the…
Eiger Express Expansion Raises Stakes on Permian Overbuild
The Permian gas overbuild continues to grow. The WhiteWater-led JV behind Eiger Express Pipeline will expand the greenfield project to…
Barnett Matchmaking: Could ONEOK and Colt Swipe Right on a Deal?
ONEOK (OKE) inherited a large Barnett G&P position through its $7.6B EnLink Midstream acquisition, but parts of the footprint offer…
Rare Cushing Premium Prompts Pipeline Volume Surge
In June and July, Basin Pipeline’s deliveries to Cushing, OK and Wichita Falls, TX reached levels not seen since November…
California Gold Rush: Companies Vie to Ship Refined Products West
Phillips 66 and Kinder Morgan have launched an open season for the Western Gateway Pipeline, the latest proposal in an…