MPLX Buys Northwind for $2.375B, Acquires More NGLs for JV Project
MPLX will acquire Northwind Midstream Partners in the Permian Basin for $2.375B in cash, the latest move in the industry…
Oneok
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…
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…
Industry Risks NGL Overbuild as Growth Slows
US NGL infrastructure has quietly transitioned from tight to overbuilt. While production continues to grow, the pace has moderated significantly…
ONEOK Buying Spree Continues with Delaware JV Acquisition
ONEOK is acquiring the remaining 49.9% interest in its Delaware Basin joint venture from NGP XI Midstream Holdings, LLC for $940MM.
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.
Permian E&Ps Trim Guidance, Signal Slower Growth Phase Ahead
The Permian Basin is entering a more tempered growth phase as producers recalibrate spending plans. Several intend to pull back…
Destination North Dakota? Mystery Demand Drives Competing Bakken Projects
North Dakota has seen interest in new gas pipeline construction, with WBI Energy Transmission and Intensity Infrastructure Partners both holding…
What Slowdown? Permian Processing Expansions Plow Ahead at $60 Oil
Enterprise, Equity, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note, Western Midstream Partners
Despite lower WTI prices, the rush is still on to build gas processing in the Permian Basin. Developers have used…
Competition Heats Up for Committed DJ Barrels
Oil production in the Denver-Julesburg Basin is slowing, which means competition for committed barrels has intensified. The four main pipelines…