The Price Isn’t Right for Traverse Midstream
On March 31, Abu Dhabi-based 2PointZero entered a deal to acquire Traverse Midstream for $2.25B, gaining a foothold in the…
The Daley Note
FID for Commonwealth LNG? This One’s a Head(er)-Scratcher
Commonwealth LNG has been in the news after project developer Caturus announced full commerciality and the launch of project financing,…
Chevron, Microsoft Confirm Permian Data Center Negotiations, Supporting In-Basin Demand
Chevron has entered into an exclusivity agreement with Microsoft and Engine No. 1 to develop a massive data center in…
Trans Mountain Seeks More Shipper Support as Western Canada Egress Tightens
Trans Mountain has launched a binding open season seeking more firm transportation contracts ahead of a phased expansion of the…
Back a Frac: Supply Growth Creates Next NGL Bottleneck
Surging US NGL production is beginning to outpace one of the most overlooked constraints in the value chain: fractionation. East…
Why Gulf Coast Crude Spreads are Blowing Out
Market volatility from the Iran war is causing crude oil price differentials to significantly widen. The WTI-Brent spread has expanded…
Iran War, Higher Oil Prices Knock Down EDA Gas Forecast
Anadarko, Bakken, Crude, Eagle Ford, Enbridge, Haynesville, Natural Gas, Northeast, Permian, Plains, The Daley Note
We have lowered our natural gas price forecast due to the ripple effects of the Iran conflict. Last week East…
Texas Pipes are Near-Term Tailwind, Long-Term Drag for Kinder Morgan
Energy Transfer, Enterprise, Equity, Kinder Morgan, Kinetik, Natural Gas, Permian, Targa, The Daley Note
Kinder Morgan’s Texas Intrastate business is set up for a near-term boost, but East Daley thinks the market underappreciates how…
KMI Poaches Bakken NGLs From ONEOK Contract Roll-Off
ONEOK will lose ~18 Mb/d of NGLs in the Bakken to Kinder Morgan when a shipping contract rolls off later…
First LNG Production at Golden Pass Signals Shift in TX/LA Border Flows
Golden Pass LNG achieved first LNG production from Train 1 on March 30, with an initial cargo expected to depart…