TRP Shareholders Approve South Bow Spinoff
TC Energy (TRP) shareholders voted in favor of spinning off the company’s Liquids Pipelines segment into South Bow Corp. South…
The Daley Note
After Marathon Deal, Conoco has Bakken in Crosshairs
ConocoPhillips will acquire Marathon Oil for $17.1B. COP is evaluating cuts to the Bakken drilling program, creating downside for several…
Data Center Demand: Pipe Dream or Pot of Gold for Gas?
East Daley raised our gas demand forecast to power new data centers, though we are on the lower side of…
Phillips 66 Expands Reach in Midland with Pinnacle Buy
Phillips 66 acquires Pinnacle Midstream, gaining key assets in Midland. This acquisition strengthens PSX’s Permian footprint and downstream integration.
Golden Pass Contractor Files for Chapter 11, Raising Concerns of a Longer Delay
The lead contractor for Golden Pass LNG has filed for bankruptcy protection, creating a potentially extended delay for the LNG…
Is EQT Back? Jump in Northeast Samples Points to Return
EQT appears to be restoring ~1 Bcf/d of production the operators shuttered back in February. East Daley expects the development…
M&A Exerts a Gravity on Permian Rig Counts
E&P mergers continue to drag rig counts lower in the Permian Basin, down in April ’23 from recent highs despite…
Spurning Kimmeridge, SilverBow to Merge with Crescent in $2.1B Deal
Eagle Ford, Energy Transfer, Enterprise, Kinder Morgan, Natural Gas, The Daley Note, Western Midstream Partners
SilverBow Resources has reached a deal to be acquired by Crescent Energy valued at $2.1B. The agreement with CRGY comes…
Gas Constraints Could Limit Bakken Oil Growth
Gas pipelines out of the Williston Basin are filling up, to the point where growth in crude oil production could…
Price Curve Misses Ethane Export Surge
Global demand for plastics continues to rapidly change US ethane markets in a way that is not reflected in the…