Gas Expansions Bring New Problems Moving Permian Oil
New investments that solve for the Permian gas egress problem are likely to advance when constraints emerge moving crude oil.
Permian
Ethane Momentum Stalls Until Next Project Wave
With most Gulf Coast export terminals operating near capacity, East Daley Analytics sees a near-term mismatch between ethane supply and…
Matterhorn Begins Flowing Gas from Permian
The Matterhorn pipeline has started flowing gas near Katy. East Daley expects supply growth across Permian commodities in 4Q24 thanks…
Permian’s Last Expandable Pipe Adds New Investors
Diamondback Energy (FANG) and Kinetik Holdings (KNTK) have acquired a joint 30% equity stake and committed more volume to EPIC…
New Pipelines Shift Permian Volatility Downstream
The new Blackcomb Pipeline will help resolve takeaway issues from the Permian Basin but will likely create other problems moving…
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…
Coincidence? Permian Production is Primed to Pop as WTI Falls
Permian Basin oil production is primed to grow along with natural gas in 4Q24 when Matterhorn Express Pipeline comes online.…
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…
Matterhorn is Great for Commodities – Except One
NGLs have had the pole position on hydrocarbon growth in 2024, due largely to incentives to extract ethane from the…
$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…