A Propane Storage Glut Ahead? EDA Takes the Over
Can US propane storage inventory top 100 MMbbl in 2024? After a mild winter, the topic is front and center…
The Daley Note
Devon is Latest to Deal as M&A Transforms Bakken
Devon Energy (DVN) will acquire the Williston Basin assets of Grayson Mill Energy for $5B in cash and stock. The…
The Countdown Begins to Matterhorn Start-up
East Daley is watching the Texas natural gas market closely for signs of activity from Matterhorn Express Pipeline. Whitewater Midstream…
M&A, Efficiencies Clip Wings of Permian Growth
Rig activity continues to decline in the Permian Basin, weighed down by consolidation and operators’ drive to control spending. Rig…
Beryl Barrels Through Texas, Leaves Lost Demand in Wake
Hurricane Beryl barreled ashore south of Houston, causing widespread power outages. The storm has wiped out natural gas demand for…
A Hollow Victory After Court Strikes Down DOE’s LNG License Pause
A federal judge has struck down the Department of Energy’s ‘pause’ on new LNG project export licenses, scoring a big…
Midstream Takes a Selective Hit from Low Gas Prices
East Daley Analytics’ survey of gathering systems shows asymmetrical impacts from gas production cuts in 2Q24, creating winners and losers…
Uinta Railway Project Heads to Supreme Court
The US Supreme Court has agreed to review a case over permitting for a proposed rail project road out of…
Record Ethane Production Bodes Well for 2Q24 Earnings
Ethane was the top energy commodity performer in March ‘24, according to the latest EIA data. Higher recovery predicted by…
Golden Pass LNG Isn’t Taking the Easy Route
Golden Pass LNG owners QatarEnergy and ExxonMobil (XOM) have filed with a bankruptcy court to oust Zachry Holdings as the…