Just Chill: Cooldown Cargo Advances Next LNG Project
Venture Global recently received its first vessel at Plaquemines LNG. The company is using a cooldown cargo instead of pipeline…
The Daley Note
Enbridge Lowers Spot Rates as Canadian Pipe Competition Heats Up
Enbridge Mainline is lowering spot rates in joint tariffs to incentivize deliveries to the Gulf Coast, an acknowledgement of new…
Coincidence? Permian Production is Primed to Pop as WTI Falls
Permian Basin oil production is primed to grow along with natural gas in 4Q24 when Matterhorn Express Pipeline comes online.…
ONEOK the Consolidator (Medallion Edition)
ONEOK (OKE) is buying Medallion Midstream for $2.6B and expanding into Permian crude gathering. Strategically the move makes sense, and…
Matterhorn is Great for Commodities – Except One
NGLs have had the pole position on hydrocarbon growth in 2024, due largely to incentives to extract ethane from the…
Golden Pass Wants More Runway to Land the Plane
After the bankruptcy of its lead contractor, Golden Pass LNG is asking regulators for more time to complete construction on…
$3.3B EnLink Deal Moves the Needle for ONEOK
Anadarko, ArkLaTex, EnLink, Equity, Natural Gas, Natural Gas Liquids, Oneok, Permian, The Daley Note
ONEOK (OKE) is acquiring EnLink Midstream (ENLC) for $3.3B. The purchase move the needle in several ways: ENLC assets bridge…
All Aboard? Labor Strife May Derail Canadian Crude Imports
The Canadian government intervened to end a rail strike between the Teamsters and the country’s two largest rail companies. Yet…
Pipes, Plant Expansions Support Next Permian Growth Phase
Energy Transfer, Enterprise, Natural Gas, Natural Gas Liquids, Permian, Targa, The Daley Note, Western Midstream Partners
East Daley sees Permian Basin gas production growing ~1.7 Bcf/d by YE24 as egress constraints are relieved by new pipelines.…
Enterprise Buys Pinon Assets, Makes Play for Delaware Sour Gas
Enterprise Products agreed to purchase sour gas gathering and treating infrastructure from Pinon Midstream for $950MM in cash. The deal…