Plains Deal Transforms Keyera into NGL Powerhouse
Keyera’s (KEY.TO) $3.75B acquisition of Plains All American’s (PAA) Canadian NGL assets transforms the company into a coast-to-coast powerhouse with…
The Daley Note
Trade War, Iran Conflict Whipsaw Crude. Time to Revisit Capex Budgets?
2Q25 was a wild ride for crude oil, driven by geopolitical conflicts. Oil prices fell early in the quarter on…
Canada’s Anniversary Wish: More Trans Mountain Expansions
Happy anniversary, TMX. One year out from the widely anticipated looping project, Trans Mountain Pipeline is weighing further expansions to…
ET Lawsuit Clouds Bright Outlook for Kinetik
Kinetik Holdings (KNTK), among the shining stars in midstream, faces a lawsuit by Energy Transfer (ET) that challenges one of…
China Deal Could End Ethane Export Restrictions
The Trump administration appears to be laying the groundwork to ease restrictions on ethane exports to China. The President last Thursday (June…
Industry Risks NGL Overbuild as Growth Slows
US NGL infrastructure has quietly transitioned from tight to overbuilt. While production continues to grow, the pace has moderated significantly…
PAA Sells NGL Assets for $3.75B. Who’s Next for the All American Team?
Plains All American will inject ~$3.0B of proceeds into its war chest following the announced sale of its Canadian NGL…
Crude Realities for Permian Gas
After years of aggressive development, the Permian is entering a more tempered growth phase as producers recalibrate activity in response…
ONEOK Buying Spree Continues with Delaware JV Acquisition
ONEOK is acquiring the remaining 49.9% interest in its Delaware Basin joint venture from NGP XI Midstream Holdings, LLC for $940MM.
Williams Plays Pipeline Politics in Northeast
The Constitution Pipeline and Northeast Supply Enhancement projects have been thrust back into the spotlight thanks to vocal backing from…