China Trade Fight Could Ruin Bullish Propane Outlook
The US propane market was on pace for a strong year in 2025, before a trade fight erupted between Washington…
Targa
The Anadarko Catches a Bid from $4 Gas Prices
Operators are returning to core of the Anadarko Basin in pursuit of higher natural gas prices, adding l0 rigs so…
Targa Tacks on New Infrastructure Targeting Permian NGLs
A significant amount of infrastructure is being built by 2029 to handle NGL processing, transportation, fractionation and distribution. Targa Resources…
Targa’s Daytona Drives Another NGL Record
NGL production hit another record in Oct ’24 thanks to the early start of Targa’s Daytona NGL Pipeline. The project…
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…
Best of 2024: Blackcomb FID Could be Knockout Blow to Permian Pipe Competition
A Whitewater-backed investor group has reached FID on Blackcomb Pipeline, a new 42-inch gas line out of the Permian Basin.…
Coterra Rides Permian Consolidation Wave
Coterra Energy (CTRA) is expanding its foothold in the northern Delaware Basin, acquiring assets of Franklin Mountain Energy and Avant…
Move Over Tyson-Paul, the Real Warrior is Here
Energy Transfer (ET) could reach a final investment decision on the Warrior Pipeline within weeks, management said on the 3Q24…
The Hot Cash-and-Carry Trade in Energy
Very low ethane cash prices and the steep contango shape of the forward curve in early August ’24 created an…
Green Shoots for a Gas Basin Turnaround?
Anadarko, ArkLaTex, Energy Transfer, Equity, Kinder Morgan, Natural Gas, Oneok, Targa, The Daley Note
Gas prices seem stuck near $2/MMBtu, yet some producers have been quietly growing rigs in the ArkLaTex (Haynesville) and Anadarko…