Twin Eagle Deal Moves EXE Downstream as a Top Marketer. Is Midstream Next?
Expand Energy has reached a deal to purchase marketing and energy services company Twin Eagle Holdings from Five Point Infrastructure.…
The Daley Note
Get in Line: Turbine Delays Stall Demand Growth in Gas Market
Utilities and technology companies are proposing a wave of natural gas-fired generation to serve rising electricity demand, data center buildouts…
The Next Permian Bottleneck? Oil Pipelines
The start of new Permian gas pipeline expansions has materially improved Waha hub prices and bolstered drilling economics for producers.…
Sunrise Project Adds Southbound Optionality, but LNG Leverage Looks Indirect
Enbridge’s Westcoast pipeline in British Columbia is becoming a bigger part of the story for Western Canadian gas takeaway. But…
Ghost of Keystone Could Haunt South Bow, Bridger Pipe Proposal
Bridger Pipeline and South Bow reportedly plan to develop a new pipeline to move Canadian crude oil from Guernsey, WY…
Bloated Storage Puts Propane Prices Over a Barrel
US propane inventories increased 7% for the week ending July 17, the largest weekly gain in over a year. Propane…
LNG Gets the Bends: High Nitrogen Content Plagues Some Project Ramps
Elevated nitrogen content in natural gas flowing from the Permian Basin is creating operational hazards for some LNG exporters. The…
TMX Bought Time — But Canada’s Next Pipe Decision Looms
The Trans Mountain Expansion relieved Western Canada’s crude oil bottleneck when it entered service in 2024, adding nearly 600 Mb/d…
Momentum Midstream is a Bet on the Haynesville LNG Corridor
Momentum Midstream is reportedly the subject of a $5.5B pursuit, with Williams named as the rumored buyer. The more durable…
Waha Gains Reset Permian Ethane Economics
Energy Transfer, Ethane, Kinder Morgan, Natural Gas, Natural Gas Liquids, Permian, Phillips 66, The Daley Note
The startup of two Permian pipeline expansions has helped pull Waha natural gas prices out of persistently negative territory, materially…