Wheelin’ ONEOK Sells Gas Pipelines to DTM
DT Midstream acquired ONEOK’s interstate gas pipelines (Guardian, Viking, and Midwestern for $1.2B. East Daley expects asset earnings to grow.
Oneok
ONEOK Reaches $4.3B Deal to Complete EnLink Merger
ONEOK will fully merge with EnLink Midstream after reaching an agreement to acquire the rest of ENLC’s units for $4.3B.
Move Over Tyson-Paul, the Real Warrior is Here
Energy Transfer (ET) could reach a final investment decision on the Warrior Pipeline within weeks, management said on the 3Q24…
The Hot Cash-and-Carry Trade in Energy
Very low ethane cash prices and the steep contango shape of the forward curve in early August ’24 created an…
Green Shoots for a Gas Basin Turnaround?
Anadarko, ArkLaTex, Energy Transfer, Equity, Kinder Morgan, Natural Gas, Oneok, Targa, The Daley Note
Gas prices seem stuck near $2/MMBtu, yet some producers have been quietly growing rigs in the ArkLaTex (Haynesville) and Anadarko…
The Case for Bakken Ethane
Though unloved now, East Daley believes the Bakken will play a larger role as a supplier of ethane than commodity…
New Projects to Open Bakken NGL Markets
The market for Bakken NGLs is set to open from several new pipeline projects.
Why ONEOK is Rebuilding the Medford Frac
ONEOK (OKE) is rebuilding a 210 Mb/d fractionator in Medford, OK damaged in an explosion in July 2022. The move…
ONEOK the Consolidator (Medallion Edition)
ONEOK (OKE) is buying Medallion Midstream for $2.6B and expanding into Permian crude gathering. Strategically the move makes sense, and…
$3.3B EnLink Deal Moves the Needle for ONEOK
Anadarko, ArkLaTex, EnLink, Equity, Natural Gas, Natural Gas Liquids, Oneok, Permian, The Daley Note
ONEOK (OKE) is acquiring EnLink Midstream (ENLC) for $3.3B. The purchase move the needle in several ways: ENLC assets bridge…