25Sep2025Junk or Jewels? Plains Plans NGL Asset Sale on Path to Crude Pure PlayCrude, Denver Julesberg, Equity, Keyera, Natural Gas Liquids, Phillips 66, Plains, The Daley NotePlains All American aims to become a crude oil midstream pure play, but a motley assortment of NGL assets stand…READ
12Aug2025Who’s Down in the Permian? Rig Slide Splits Midstream Into Winners, LosersCrude, Energy Transfer, Equity, FANG, Kinder Morgan, Kinetik, MPLX LP, Oneok, Permian, Phillips 66, Plains, Targa, The Daley NoteDrilling in the Permian Basin fell by 34 rigs in 2Q25, a 12% Q-o-Q decline, and continues to slide as…READ
12Aug2025Midstream Cleaves Into Winners, Losers as Permian Rigs SlideFundamentally Speaking, Kinetik, MPLX LP, Oneok, Permian, Phillips 66, TargaDrilling in the Permian Basin fell by 34 rigs in 2Q25, a 12% Q-o-Q decline, as softer oil prices and…READ
23Jul2025Emerging Midland Asset Could Attract SuitorsEnergy Transfer, Enterprise, Equity, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley NoteIndustry consolidation has winnowed down the number of independently owned assets in the Permian Basin. One we’re monitoring is Brazos…READ
6Jun2025Kinetik Rides Post-Earnings MomentumEnergy Transfer, Enterprise, Equity, Kinetik, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley NoteKinetik Holdings (KNTK) shares have traded higher following its 1Q25 earnings update, boosted by bullish CEO commentary.READ
13May2025What Slowdown? Permian Processing Expansions Plow Ahead at $60 OilEnterprise, Equity, MPLX LP, Natural Gas, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note, Western Midstream PartnersDespite lower WTI prices, the rush is still on to build gas processing in the Permian Basin. Developers have used…READ
28Mar2025The Anadarko Catches a Bid from $4 Gas PricesAnadarko, Energy Transfer, Natural Gas, Oneok, Phillips 66, TargaOperators are returning to core of the Anadarko Basin in pursuit of higher natural gas prices, adding l0 rigs so…READ
13Mar2025Permian NGL Race Heats Up as MPLX Strikes Deal for BANGLEquity, MPLX LP, Natural Gas Liquids, Oneok, Permian, Phillips 66, The Daley NoteMPLX will acquire the remaining 55% interest in BANGL Pipeline for $715MM from WhiteWater and Diamondback Energy. The deal expands…READ
12Feb2025The Perfect Couple: ONEOK, MPLX Partner on Downstream NGL ProjectsEquity, MPLX LP, Natural Gas Liquids, Oneok, Permian, Phillips 66, The Daley NoteONEOK (OKE) and MPLX (MPLX) have partnered to build out the downstream component of their NGL value chain. The arrangement…READ
4Feb2025Executive Order Could Break Oil Terminal LogjamCrude, Enbridge, Energy Transfer, Enterprise, Phillips 66, The Daley NotePresident Trump signed an executive order intended to boost US energy production that could be just the ticket to break…READ