East Daley Analytics – Dissecting the Energy Value Chain

East Daley Analytics

EQT-Equitrans Merger Heralds Asset Sales Ahead

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Leading US producer EQT will acquire Equitrans Midstream (ETRN) for $5.5B in stock. The merger will create a vertically integrated Northeast gas ...
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Enbridge Solidifies Lead for Corpus Christi Exports

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Enbridge (ENB) is solidifying its position as the leading service provider for crude oil exports from Corpus Christi. The company will expand its ...
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TC Energy Sells Portland Pipe, Chips Away at Sales Goal

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TC Energy (TRP) has reached a deal to sell the Portland Natural Gas Transmission System (PNGTS) for US$1.14B, moving the company closer to its $3B ...
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The Channel That Never Sleeps

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The Houston Ship Channel (HSC) is working around the clock to keep liquefied petroleum gas (LPG) cargoes moving, thanks to a recent change in local ...
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The Houston–Midland Spread is Ready to Blow

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The crude oil price spread from Midland to the Magellan East Houston (MEH) market is primed to significantly widen later in 2024 and 2025, according ...
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ETRN Volumes Fall as EQT Shuts 1 Bcf/d of Production

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Leading Appalachian producer EQT has shut-in ~1 Bcf/d of natural gas production in response to low prices. Equitrans Midstream (ETRN) is bearing the ...
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Canadian Supply Growth Pushes More Gas into US

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Producers in Western Canada are expanding output ahead of the country’s first major LNG project, pushing more natural gas into the US and adding to a ...
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Chord, Enerplus Plan a Bakken Super-Merger

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Chord Energy (CHRD) and Enerplus (ERF) plan to merge in an $11B transaction, creating an E&P focused on Bakken oil development. Several midstream ...
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Chesapeake Puts 1 Bcf/d of Production on Hold

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Chesapeake Energy (CHK) will pull back on drilling and starting new wells in response to low natural gas prices. CHK is one of several producers ...
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Midstream Spends $10B on Gas Projects in 2024: CAPEX Dashboard

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Energy companies plan to spend the lion’s share of midstream budgets on natural gas this year, investing over $10B to upgrade and expand gas ...
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