NGL Supply Poised to Climb This Winter
East Daley Analytics expects US NGL supply to rise modestly this winter, up ~21 Mb/d in 4Q25 from 3Q levels,…
Permian
Mustang Express Fast-Tracks Permian Molecules to LNG Demand
ARM Energy and PIMCO announced a final investment decision on the 42-inch Mustang Express Pipeline. The $2.3B project is backed…
Phillips 66 Doubles Down on Refining in $1.4B Cenovus Deal
On Sept. 9, Phillips 66 (PSX) announced a $1.4B deal to acquire the remaining 50% stake in WRB Refining from…
Kinetik More Likely to Cut Crude Ties After EPIC Deal
Kinetik’s (KNTK) recent sale of its 27.5% equity interest in the EPIC Crude Pipeline could open the door to more…
Reading the 3Q25 Tea Leaves: KMI Kicks Off Christmas in October
Kinder Morgan reports earnings on Wednesday (Oct. 15), kicking off a wave of midstream and producer data releases — Christmas…
Targa’s Speedway Raises Stakes on Permian Overbuild
Targa Resources (TRGP) last week announced the Speedway NGL Pipeline, a new Permian-to-Mont Belvieu system, alongside the Yeti gas plant…
Fast Track to a Glut? Targa’s Speedway Pipe Ups Ante on NGL Overbuild
Energy Transfer, Enterprise, MPLX LP, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note
Targa Resources (TRGP) last week announced the Speedway NGL Pipeline, a new Permian-to-Mont Belvieu system, alongside the Yeti gas plant…
EPIC Deal Opens Door to More Kinetik Crude Asset Sales
Kinetik’s (KNTK) recent sale of its 27.5% equity interest in the EPIC Crude Pipeline could open the door to more…
Non-Core Asset of the Week: Jonah Gathering
Enterprise Products (EPD) plans major investments in the Permian Basin, yet its assets in the Rockies are underused. EPD prioritizes…
Neches River Ramp Pushes Ethane Exports to Record in September
US ethane exports hit a record high in September thanks to a ramp at Enterprise Products’ (EPD) new Neches River…