Lower Gas Prices Dampen Energy Transfer Outlook
Energy Transfer (ET) beat East Daley and consensus expectations, but 2023 guidance came in well below our forecast. East Daley…
The Daley Note
Baby Steps: More Downside Ahead for Haynesville Rigs
Several top Haynesville producers intend to drop rigs in 2023. We expect additional actions will be needed to keep the…
Flat’s All Folks – Northeast Supply Lacks Winter Punch
Gas producers in the Northeast have not delivered on their typical production ramp this winter.
Don’t Blame Weather for Falling Natural Gas Prices
A mild winter is not to blame for falling natural gas prices, according to East Daley’s analysis of storage activity.
Arrow Points Up for Crestwood
The outlook is bright for Crestwood Equity (CEQP) despite some bumps in the road this winter.
New Midland System Gets DoublePoints for Growth
A new G&P system, Pinnacle Dos Picos, recently began operations in the Midland, ramping up volumes despite tight basin takeaway.
East Daley Knows Plains
East Daley hit the nail on the head ahead of Plains All American’s 4Q22 earnings, matching reported Adj. EBITDA of…
Raising Targa Outlook on Solid Midland Data
East Daley raised our 4Q22 earnings outlook for Targa Resources (TRGP) following new data showing strong performance on assets in…
Supply Runs Ahead of New Permian Pipelines
Whistler Pipeline was running nearly full before the start of a new lateral to the Midland Basin, according to the…
NuStar Guidance: More Conservative than Texas
NuStar provided weak 2023 guidance for its Permian crude gathering system, in contrast to East Daley’s more optimistic outlook for…