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…
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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…
One Simple Trick to Solve ONEOK Contracting Risk
ONEOK (OKE) faces a big contract cliff in 2028 on West Texas NGL, its Permian NGL pipeline. OKE can mitigate…
Permian NGL Dynamic Ready to Flip, Leaving Some Behind
Energy Transfer, Enterprise, Equity, MPLX LP, Natural Gas Liquids, Oneok, Permian, Targa, The Daley Note
Permian NGL takeaway capacity is extremely tight now, but that dynamic is about to change, according to East Daley’s basin…
Bakken NGL Battle Creates Downside for ONEOK
The battle for Bakken NGLs could prove costly for ONEOK. Kinder Morgan (KMI) is taking on the basin leader with…
Another NGL Knife Fight (Bakken Edition)
Kinder Morgan’s conversion of Double H Pipeline from crude service to an NGLs pipe is poised to disrupt the Bakken…
Double H Conversion to Double Bakken Volatility
Kinder Morgan plans to convert the Double H crude oil pipeline out of the Bakken to NGL service. The project…
After Marathon Deal, Conoco has Bakken in Crosshairs
ConocoPhillips will acquire Marathon Oil for $17.1B. COP is evaluating cuts to the Bakken drilling program, creating downside for several…
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…