9Jul2025Plains Deal Transforms Keyera into NGL PowerhouseEquity, Keyera, Natural Gas Liquids, Pembina, Plains, The Daley Note, WCSBKeyera’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…READ
8Jul2025Trade War, Iran Conflict Whipsaw Crude. Time to Revisit Capex Budgets?Crude, Permian, The Daley Note2Q25 was a wild ride for crude oil, driven by geopolitical conflicts. Oil prices fell early in the quarter on…READ
3Jul2025Canada’s Anniversary Wish: More Trans Mountain ExpansionsEnergy Transfer, Equity, Kinetik, Natural Gas Liquids, Permian, The Daley NoteHappy anniversary, TMX. One year out from the widely anticipated looping project, Trans Mountain Pipeline is weighing further expansions to…READ
2Jul2025ET Lawsuit Clouds Bright Outlook for KinetikEnergy Transfer, Equity, Kinetik, Natural Gas Liquids, Permian, The Daley NoteKinetik Holdings (KNTK), among the shining stars in midstream, faces a lawsuit by Energy Transfer (ET) that challenges one of…READ
1Jul2025China Deal Could End Ethane Export RestrictionsEthane, The Daley NoteThe Trump administration appears to be laying the groundwork to ease restrictions on ethane exports to China. The President last Thursday (June…READ
27Jun2025Industry Risks NGL Overbuild as Growth SlowsEnergy Transfer, Enterprise, MPLX LP, Natural Gas Liquids, Oneok, Permian, Targa, The Daley NoteUS NGL infrastructure has quietly transitioned from tight to overbuilt. While production continues to grow, the pace has moderated significantly…READ
24Jun2025PAA Sells NGL Assets for $3.75B. Who’s Next for the All American Team?Crude, Equity, Keyera, Natural Gas Liquids, Permian, Plains, The Daley Note, WCSBPlains All American will inject ~$3.0B of proceeds into its war chest following the announced sale of its Canadian NGL…READ
20Jun2025Crude Realities for Permian GasNatural Gas, Permian, The Daley NoteAfter years of aggressive development, the Permian is entering a more tempered growth phase as producers recalibrate activity in response…READ
19Jun2025ONEOK Buying Spree Continues with Delaware JV AcquisitionEquity, MPLX LP, Natural Gas Liquids, Oneok, Permian, The Daley NoteONEOK is acquiring the remaining 49.9% interest in its Delaware Basin joint venture from NGP XI Midstream Holdings, LLC for $940MM.READ
18Jun2025Williams Plays Pipeline Politics in NortheastNatural Gas, Northeast, The Daley Note, WilliamsThe Constitution Pipeline and Northeast Supply Enhancement projects have been thrust back into the spotlight thanks to vocal backing from…READ