Oneok

12Aug2025

Who’s Down in the Permian? Rig Slide Splits Midstream Into Winners, Losers

Crude, Energy Transfer, Equity, FANG, Kinder Morgan, Kinetik, MPLX LP, Oneok, Permian, Phillips 66, Plains, Targa, The Daley Note

Drilling in the Permian Basin fell by 34 rigs in 2Q25, a 12% Q-o-Q decline, and continues to slide as…

READ

12Aug2025

Midstream Cleaves Into Winners, Losers as Permian Rigs Slide

Fundamentally Speaking, Kinetik, MPLX LP, Oneok, Permian, Phillips 66, Targa

Drilling in the Permian Basin fell by 34 rigs in 2Q25, a 12% Q-o-Q decline, as softer oil prices and…

READ

8Aug2025

Laggard Pipe Readies for Growth as Permian Egress Tightens

Crude, Oneok, Permian, Plains, The Daley Note

BridgeTex Pipeline, the last crude oil pipeline to fill from the Permian Basin to Houston, has revised its tariff to…

READ

5Aug2025

MPLX Buys Northwind for $2.375B, Acquires More NGLs for JV Project

Equity, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, The Daley Note

MPLX will acquire Northwind Midstream Partners in the Permian Basin for $2.375B in cash, the latest move in the industry…

READ

23Jul2025

Emerging Midland Asset Could Attract Suitors

Energy Transfer, Enterprise, Equity, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note

Industry consolidation has winnowed down the number of independently owned assets in the Permian Basin. One we’re monitoring is Brazos…

READ

16Jul2025

Reading the 2Q25 Earnings Tea Leaves – Volumes Outlook

ArkLaTex, Bakken, Enterprise, Equity, Haynesville, Kinder Morgan, Natural Gas, Oneok, Permian, South Bow, Targa, The Daley Note

The 2Q25 earnings season kicks off Wednesday (July 16) when Kinder Morgan (KMI) reports after the closing bell. East Daley…

READ

27Jun2025

Industry Risks NGL Overbuild as Growth Slows

Energy Transfer, Enterprise, MPLX LP, Natural Gas Liquids, Oneok, Permian, Targa, The Daley Note

US NGL infrastructure has quietly transitioned from tight to overbuilt. While production continues to grow, the pace has moderated significantly…

READ

19Jun2025

ONEOK Buying Spree Continues with Delaware JV Acquisition

Equity, MPLX LP, Natural Gas Liquids, Oneok, Permian, The Daley Note

ONEOK is acquiring the remaining 49.9% interest in its Delaware Basin joint venture from NGP XI Midstream Holdings, LLC for $940MM.

READ

6Jun2025

Kinetik Rides Post-Earnings Momentum

Energy Transfer, Enterprise, Equity, Kinetik, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note

Kinetik Holdings (KNTK) shares have traded higher following its 1Q25 earnings update, boosted by bullish CEO commentary.

READ

21May2025

Permian E&Ps Trim Guidance, Signal Slower Growth Phase Ahead

Energy Transfer, Enterprise, Natural Gas, Oneok, Permian, The Daley Note

The Permian Basin is entering a more tempered growth phase as producers recalibrate spending plans. Several intend to pull back…

READ