Phillips 66 Expands Reach in Midland with Pinnacle Buy
Phillips 66 acquires Pinnacle Midstream, gaining key assets in Midland. This acquisition strengthens PSX’s Permian footprint and downstream integration.
Permian
M&A Exerts a Gravity on Permian Rig Counts
E&P mergers continue to drag rig counts lower in the Permian Basin, down in April ’23 from recent highs despite…
Kinetik Extends Reach in Delaware with Durango Midstream Purchase
Kinetik will acquire Durango Midstream’s Permian Basin assets for $765MM in stock and cash, extending the company’s reach further north…
Big Ethane Contracts Scramble the NGL Outlook
Enterprise Products (EPD) has quietly thrown a wrench into NGL markets, announcing 450 Mb/d of ethane export commitments.
Pipeline Work Will Disrupt Permian Crude Flows
Maintenance work on the Wink-to-Webster and Midland-to-Echo III pipelines will disrupt crude flows out of the Permian Basin in June.
LNG Growth Can Flip Economics Driving Gas Prices
Driven by new LNG projects, natural gas demand growth will exceed supply in 2025, according to East Daley‘s latest Macro…
In 2025, Gas Could Break Through to Other Side
Natural gas producers are suffering through a terrible year in 2024. But if operators can ride out the storm, our…
A Multi-tool Pipe has Enterprise Ready for the Unexpected
Enterprise plans to convert its Seminole Pipeline back to crude oil service next year, the latest flex by EPD for…
Need a Permian Update? Targa Could Spill the Tea
East Daley is optimistic about Targa Resources’ (TRGP) outlook in 2024, and we’ll be watching if the company can shed…
Waha Pain is Ethane’s Gain as Gas Goes Negative
Natural gas prices have been hammered recently in the Permian Basin, routinely trading below zero amid pipeline maintenance. East Daley…