Targa

16Jul2025

Reading the 2Q25 Earnings Tea Leaves – Volumes Outlook

ArkLaTex, Bakken, Enterprise, Equity, Haynesville, Kinder Morgan, Natural Gas, Oneok, Permian, South Bow, Targa, The Daley Note

The 2Q25 earnings season kicks off Wednesday (July 16) when Kinder Morgan (KMI) reports after the closing bell. East Daley…

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27Jun2025

Industry Risks NGL Overbuild as Growth Slows

Energy Transfer, Enterprise, MPLX LP, Natural Gas Liquids, Oneok, Permian, Targa, The Daley Note

US NGL infrastructure has quietly transitioned from tight to overbuilt. While production continues to grow, the pace has moderated significantly…

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6Jun2025

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.

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13May2025

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…

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25Apr2025

WhiteWater Group FIDs Traverse Pipeline to Integrate South Texas Market

Eagle Ford, Enbridge, MPLX LP, Natural Gas, Permian, Targa, The Daley Note

WhiteWater Midstream and partners MPLX, Enbridge and Targa Resources will move ahead with the Traverse Pipeline in South Texas.

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24Apr2025

China Trade Fight Could Ruin Bullish Propane Outlook

Energy Transfer, Enterprise, Natural Gas Liquids, Targa, The Daley Note

The US propane market was on pace for a strong year in 2025, before a trade fight erupted between Washington…

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28Mar2025

The Anadarko Catches a Bid from $4 Gas Prices

Anadarko, Energy Transfer, Natural Gas, Oneok, Phillips 66, Targa

Operators are returning to core of the Anadarko Basin in pursuit of higher natural gas prices, adding l0 rigs so…

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6Mar2025

Targa Tacks on New Infrastructure Targeting Permian NGLs

Natural Gas Liquids, Permian, Targa, The Daley Note

A significant amount of infrastructure is being built by 2029 to handle NGL processing, transportation, fractionation and distribution. Targa Resources…

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22Jan2025

Targa’s Daytona Drives Another NGL Record

Energy Transfer, Enterprise, MPLX LP, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa

NGL production hit another record in Oct ’24 thanks to the early start of Targa’s Daytona NGL Pipeline. The project…

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14Jan2025

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

Phillips 66 (PSX) will buy EPIC Y-Grade’s NGL business for $2.2B in cash, moving PSX into an elite group of…

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