Permian Shrink Continues with $4.5B APA-Callon Deal
APA Corp. will acquire Callon Petroleum for $4.5B. The deal likely will result in rig cuts, continuing the consolidation trend…
Targa
Best of 2023: Another One! ONEOK Adds to Permian NGL Pipeline Push
ONEOK (OKE) plans to loop its West Texas NGL (WTX NGL) pipeline, joining an industry push to expand NGL pipelines…
Best of 2023: Barrels Wanted: $7.1B Crestwood Acquisition May Boost ET’s Downstream Volumes
Crestwood, Crude, Energy Transfer, Equitrans Midstream, Natural Gas Liquids, Oneok, Powder River, Targa, The Daley Note
Energy Transfer’s $7.1B acquisition of Crestwood Equity (CEQP) gives ET reach in new basins and could lift volumes on several…
Sometimes the Best Defense is a Good Offense
Discover how leading NGL competitors are expanding pipeline capacity in the Permian Basin to protect market share. Analysis by East…
Midstream is Ripe for More M&A
Dirty Little Secrets, Enterprise, Equity, Kinder Morgan, Natural Gas, Targa, The Daley Note, Williams
Midstream is seeing robust M&A activity, a trend East Daley Analytics expects to continue in 2024. The new Dirty Little…
Only a Matter of Time for Targa
Despite a disappointing 3Q23 earnings, East Daley continues to expect strong growth from Targa Resources as it follows a formula…
Who Will Handle Growth from the Exxon-Pioneer Giant?
ExxonMobil plans to keep growing in the Permian Basin following its purchase of Pioneer Natural Resources (PXD).
Exxon-Pioneer Would Create a Monster for Permian Midstream
ExxonMobil is reportedly near a deal to buy Pioneer Resources for $60B, according to the Wall Street Journal. The merger…
Expansions Keep Targa Top Dog in Permian
Targa Resources (TRGP) is in the midst of a huge expansion of gas processing that will keep the Permian Basin’s…
Targa Starts Service on Stealth Permian Pipeline
With little fanfare, Targa Resources (TRGP) has started service on a new 250 MMcf/d pipeline in the Permian Basin that…