OKE-MMP a Fine Blend for Butane Business
ONEOK’s purchase of Magellan Midstream should create compelling synergies in butane blending.
The Daley Note
O Synergies, Where Art Thou? OKE-MMP Combo has Investors Lost
ONEOK’s plan to buy Magellan Midstream has gone down like a lead balloon with investors skeptical of the potential synergies…
Kinetik Puts GCX Pipeline Stake on the Block
Kinetik (KNTK) will likely begin marketing its 16% share in Gulf Coast Express Pipeline (GCX) this quarter.
Wildfires Cut Oil and Gas Flows from Canada
Wildfires have led Canadian producers and midstream operators to shut-in some infrastructure.
NextEra to Sell Gas Pipeline Assets
NextEra Energy Partners (NEP) plans to divest its natural pipeline assets and transform into a 100% pure-play renewables investment.
Latest Permian Merger Will Cost a Few Rigs
Several G&P systems are at risk of losing rigs later this year following Callon Petroleum’s (CPE) purchase of Percussion Petroleum…
Delaware Producer is Moving Downstream
Independent producer Matador Resources (MTDR) is building a midstream foothold in the Delaware Basin.
Exports, Marketing Drive a Big 1Q23 Beat for Targa
Midstream is a complex profit machine, a reality underscored by Targa Resources (TRGP) big 1Q23 beat. TRGP reported 8% above…
New ET Plant Adds to Evidence of a Permian Backlog
Energy Transfer’s (ET) new Grey Wolf gas processing plant is running nearly full after a few months of operation.
A Neglected Trophy in the Delaware
A modest oil pipeline in the northern Delaware Basin could capture upside from development in the hottest US oil play.