KMI Reports: What to Watch in 4Q Earnings
Kinder Morgan reported 4Q24 results and gave midstream investors the first data points of the earnings season. There were a…
The Daley Note
Who’s the Next Ethane Customer? INEOS a Likely Target
Global petrochemicals plan to source more abundant US ethane, and East Daley suspects INEOS is on the short list.
Plaquemines LNG Start Lifts KMI, Enbridge Pipes
Startup of Plaquemines LNG is boosting flows on Kinder Morgan and Enbridge gas pipelines, passing 1.3 Bcf/d last week from…
KMI’s Trident Project Pops a Texas Gas Bubble
Kinder Morgan (KMI) is moving forward with the $1.7B Trident Intrastate Pipeline to connect Permian gas to LNG export demand…
Plains Adds Permian, Eagle Ford Gathering for $670MM
Plains All American Pipeline (PAA) made several bolt-on acquisitions totaling $670MM to expand its crude oil gathering footprint in the…
LNG Investors Await Warmer Embrace by Trump
The LNG sector is poised for gains from the incoming Trump administration, which is expected to take aim at a…
Canada Conquers Back
President-elect Trump recently suggested Canada could be taken over. Yet ENB is the market alpha in crude oil midstream and…
Winter Blitz Calls Transco Expansions into Action
Winter storms have ignited heating demand and increased flows on new expansions of Williams’ (WMB) Transcontinental pipeline, including the Southside…
EPIC! $2.2B Deal Vaults Phillips 66 to Midstream Elite
Energy Transfer, Enterprise, Equity, Natural Gas Liquids, Oneok, Permian, Phillips 66, Targa, The Daley Note
Phillips 66 (PSX) will buy EPIC Y-Grade’s NGL business for $2.2B in cash, moving PSX into an elite group of…
Venture Global, Cheniere Usher in Next LNG Wave
A long-awaited wave of new LNG demand is coming into view. Venture Global has exported the first commissioning cargo from…