Start of GCX Expansion Moves Waha Prices to Bad from Abysmal
The journey out of purgatory looks to be a long one for Permian natural gas, based on market activity in…
The Daley Note
Prairie Connector Clears First Hurdle, but Politics Holds the Keys
South Bow on May 29 announced open season results for its Prairie Connector project, securing 20-year binding commitments from Hardisty,…
Neches River’s Sharp Propane Ramp Tightens LPG Balance
Enterprise Products’ Neches River Terminal Phase 2 is quickly reshaping the US propane market balance, exporting product at a much…
Influx of Permian Gas Ready to Swamp South Texas
The Permian Basin will soon be open for business, but Agua Dulce isn’t ready to buy yet. Two pipeline expansions…
Matador Teases a San Mateo Spinoff
Matador Resources is weighing a spinoff of San Mateo Midstream, management disclosed on its 1Q26 earnings call. The move would…
Ethane Exports Keep Ripping, Spurred by Middle East Disruptions
Ethane has become one of the most geopolitically important commodities in the global energy trade. The US is effectively the…
Batteries Become a Drain on California Gas Demand
California’s transition toward renewable generation backed by batteries is sapping natural gas consumption, even as electricity demand growth tied to…
A Small FERC Rate Change Could Slash $1 Billion from Pipeline Earnings
The Federal Energy Regulatory Commission’s latest oil pipeline index reset looks small on paper. In reality, it could remove more…
Producers Tiptoe Toward Growth in Response to Crude Gains
Producers are responding to higher crude oil prices, albeit slowly. East Daley’s updated survey of Permian Basin operators points to…
Commonwealth LNG Reaches FID, With a Header to Boot
Caturus is moving forward with Commonwealth LNG, the latest export project to be sanctioned in a bullish environment for US…