Drought Threatens LPG Export Growth
A drought is restricting tanker traffic through the Panama Canal and could slow growth of Gulf Coast LPG exports.
The Daley Note
New Bakken Pipeline Helps Two Basins
Kinder Morgan (KMI) and WBI Energy are partnering on a pipeline project that will add southbound takeaway from the Williston…
Exxon-Pioneer Would Create a Monster for Permian Midstream
ExxonMobil is reportedly near a deal to buy Pioneer Resources for $60B, according to the Wall Street Journal. The merger…
Expansions Keep Targa Top Dog in Permian
Targa Resources (TRGP) is in the midst of a huge expansion of gas processing that will keep the Permian Basin’s…
TRP Debt Woes Start With a Missing Link
TC Energy (TRP) faces a high debt load tied closely to spending on the Coastal GasLink pipeline.
Targa Starts Service on Stealth Permian Pipeline
With little fanfare, Targa Resources (TRGP) has started service on a new 250 MMcf/d pipeline in the Permian Basin that…
Trans Mountain Project Dodges a Bullet
Canadian regulators have approved a request to modify the permits for a section of the Trans Mountain Pipeline expansion, avoiding…
Falling Stocks Supports Move to $90 Crude Oil
Storage facility operators have reported stocks draws eight of the last 10 weeks to the Energy Information Administration, supporting a…
Can LPG Exports Continue to Grow?
LPG exports are up 5% YTD in 2023 vs 2022, and companies expect more demand from new propane dehydrogenation (PDH)…
The Permian’s In-N-Out Crew
Consolidation continues to be the trend in the Permian Basin, leading to lower rig counts as producers merge.