Top Stories of 2022: What a Difference a Frac Makes
A July explosion at ONEOK’s (OKE) Medford, OK fractionator exposed tightness in frac capacity, hastening the arrival of constraints seen…
The Daley Note
Top Stories of 2022: Targa Acquiring Lucid Energy for $3.55 Billion
Targa Resources (TRGP) is acquiring Lucid Energy for $3.55 billion. We see a great strategic fit that could create opportunities…
Top Stories of 2022: Matterhorn Partners Reach FID on Permian Pipeline
Matterhorn Express Pipeline reached FID on a new 42-inch pipeline. Matterhorn will be critical to meeting Permian growth after 2024…
Top Stories of 2022: Enterprise-Navitas Deal Bumps 2023 EBITDA
East Daley Analytics expects the $3.25 billion acquisition of Navitas Midstream to generate a significant 2023 EBITDA upside for Enterprise…
Utica Play a Three-Way Opportunity for Midstream
A new Utica shale play could light a fire under Northeast midstream companies by bringing new investments to handle or…
Lower Commodity Prices Drag on Pembina Outlook
Pembina Pipeline (PBA) guided 2023 Adjusted EBITDA between $3.5 – $3.8 billion, lower at the midpoint than East Daley’s forecast…
Freeport LNG Won’t be Ringing in the New Year
Freeport LNG expects to restart operations in the second half of January 2023, pushing back its projected startup date from…
Tallgrass Buying Ruby Pipeline at Fair Price
Tallgrass Energy submitted a winning bid to purchase Ruby Pipeline out of bankruptcy, outbidding rival Kinder Morgan (KMI).
Plains to Sell Alberta NGL Assets; We Model Supply Growth for Canada
Plains All American (PAA) will sell its 21% interest in Keyera Fort Saskatchewan back to Keyera (KEY) for $270 million.…
Williams’ MountainWest Purchase is a Bet on Rockies Upside
Williams (WMB) will acquire MountainWest Pipelines from Southwest Gas (SWX) for $1.5 billion in cash and debt. East Daley sees…