Top Stories of 2025: Sour Gas is a Sweet Opportunity for Midstream
Top Stories of 2025: Managing sour gas is becoming a challenge for Delaware Basin producers. Development is shifting to the…
Targa
Top Stories of 2025: EPIC! $2.2B Deal Vaults Phillips 66 to Midstream Elite
Energy Transfer, Enterprise, Equity, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note
Top Stories of 2025: Phillips 66 will buy EPIC Y-Grade’s NGL business for $2.2B in cash. The deal elevates PSX…
ET Considers Converting NGL Line to Ride Permian Gas Boom
Energy Transfer is evaluating whether to convert a Permian NGL trunkline to natural gas service, a move that would ride…
Targa Acquires Stakeholder for $1.25B, Adding Processing, NGLs in Delaware
Targa Resources is doubling down on the northern Delaware Basin in a $1.25B deal for Stakeholder Midstream. The acquisition gives…
Exxon Takes 40% Stake in Bahia Pipeline, Hitching Permian Strategy to Enterprise
ExxonMobil has agreed to acquire a 40% joint interest in Enterprise Products’ Bahia NGL pipeline, sealing a deal that changes…
SM Energy, Civitas to Merge, With Room to Cut in Several Basins
SM Energy and Civitas Resources will merge in a $12.8B deal, creating a formidable E&P company in the Permian, Denver-Julesburg…
Reading the 3Q25 Tea Leaves: Williams has Momentum in Gulf, Haynesville
Kinder Morgan (KMI) kicked off 3Q25 earnings on Oct. 22, posting strong 9% Y-o-Y growth in gas gathering volumes that…
Permian Oil Near a Peak? Indicators Suggest Delaware Has Room to Run
Industry consensus expects Permian Basin oil supply to flatten and begin rolling over, driven by a significant reduction in active…
Reading the 3Q25 Tea Leaves: NGL Exports Climb for Most Operators
TRGP: NGL exports up 2.7% Q-o-Q ET: Ethane exports up 26% and LPG exports up 11% Q-o-Q EPD: Ethane exports…
Reading the 3Q25 Tea Leaves: NGL Exports Climb for Most Operators
The 3Q earnings season approaches, what East Daley dubs “Christmas in October,” and the latest export data provides early insight…