Crude Realities for Permian Gas
After years of aggressive development, the Permian is entering a more tempered growth phase as producers recalibrate activity in response…
Permian
ONEOK Buying Spree Continues with Delaware JV Acquisition
ONEOK is acquiring the remaining 49.9% interest in its Delaware Basin joint venture from NGP XI Midstream Holdings, LLC for $940MM.
Kinetik Rides Post-Earnings Momentum
Energy Transfer, Enterprise, Equity, Kinetik, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note
Kinetik Holdings (KNTK) shares have traded higher following its 1Q25 earnings update, boosted by bullish CEO commentary.
Which Way is Up? Tallgrass Stirs Speculation Over Pipe Route to REX
Tallgrass Energy has sparked talk over a pipeline to move Permian gas to REX Pipeline. The proposal is mum on…
Permian or Bust: Lower Oil Prices Narrow NGL Growth Story
A $10 drop in oil prices has taken some of the punch out of the NGL growth story. East Daley’s…
Tallgrass Plans Permian Pipe to REX, Tilting the Field Toward Producers
Tallgrass Energy has secured anchor shippers for a potential 2.4 Bcf/d pipeline that will connect Rockies Express Pipeline to Permian…
Permian E&Ps Trim Guidance, Signal Slower Growth Phase Ahead
The Permian Basin is entering a more tempered growth phase as producers recalibrate spending plans. Several intend to pull back…
What’s Matterhorn Worth? At Least $5.5B Based on Devon Sale
Devon Energy has agreed to sell its 12.5% equity interest in Matterhorn Express for $375MM, placing a marker on the…
What Slowdown? Permian Processing Expansions Plow Ahead at $60 Oil
Enterprise, Equity, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note, Western Midstream Partners
Despite lower WTI prices, the rush is still on to build gas processing in the Permian Basin. Developers have used…
Bigfoot in the Permian: ET Levers M&A to Dominate Crude Distribution
Energy Transfer has built one of the most extensive crude oil midstream footprints in the Permian Basin, transporting a significant…