Frac Constraints Arrive Sooner on Medford Outage
The July explosion at ONEOK’s Medford fractionator has disrupted NGL supply chains and will hasten the onset of frac constraints,…
The Daley Note
Demand Stinks, Yet Declining Storage Suggests World is Short Oil
Energy Information Administration (EIA) data for the week ending August 19 continues to show weakening domestic petroleum demand relative to…
Freeport Extends LNG Outage to November
Freeport LNG has extended by ~1 month the planned outage at the export facility, pushing the timeline to re-start initial…
MPLX Targets Harmon Peak Expansion
MPLX recently announced plans to expand its Harmon Creek processing plant in southwestern Pennsylvania.
Bad News Bakken Bears
OKE’s pre-earnings release struggles are likely due to investors’ bearish sentiment surrounding the April freezing events in the Bakken, macro…
More than Meets the Eye in Ethane
The Energy Administration (EIA) recently announced it expects ethane production to grow by 9% in 2H22, from 2.4 MMb/d to…
Targa is Ready if Permian Price POP Goes Away
Targa Resources (TRGP) should benefit from an increasing share of fixed-fee Permian G&P volumes in 2022-23, and we expect the…
EnLink Has the Most to Gain from Rising Anadarko Rigs
A recent jump in rig activity in the Anadarko Basin supports East Daley’s bullish view on natural gas supply, according…
NOG Midland Acquisition Likely Tied to EPD-Navitas System
Northern Oil and Gas (NOG) has purchased a non-operated working interest position in the Midland Basin for $110 million. NOG…