The Daley Note | Natural Gas Liquids (6)

Cureton Synergies in Action

Posted by: East Daley Analytics

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The Williams Companies’ (WMB) Cureton Front Range acquisition in Nov’23 included 260 miles of gas gathering and 60 MMcf/d of gas processing plant ...

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25 Jun

M&A in Permian: A Knife Fight for the NGL Barrel

Posted by: East Daley Analytics

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In our annual report Dirty Little Secrets, East Daley previewed how reduced leverage ratios and increased Free Cash Flow (FCF) relative to 2019 have ...

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20 Jun

Let’s Get Cracking: Shell Plant Ramps, and a Northeast Ethane Market Takes Shape

Posted by: East Daley Analytics

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An ethane market is developing in the Northeast as Shell (SHEL) finally ramps operations at the Monaco cracker in southwestern Pennsylvania. Ethane ...

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13 Jun

ET Eyes More Ethane Recovery from Rover Pipeline

Posted by: East Daley Analytics

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Energy Transfer (ET) is looking to tap into the growing ethane market in the Northeast. The company has reached an agreement with Rover Pipeline to ...

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7 Jun

Energy Transfer Makes a Play for Midland NGLs

Posted by: East Daley Analytics

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Energy Transfer (ET) has made a big move to secure a slice of the Midland NGL pie. The $3.25B acquisition of WTG Midstream Holdings will give ET ...

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4 Jun

ET Joins Permian M&A Frenzy with $3.25B Deal for West Texas Gas

Posted by: East Daley Analytics

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Energy Transfer (ET) has made a statement acquisition, reaching a deal to acquire West Texas Gas Midstream (WTG) for $3.25B ($2.45B in cash). WTG, ...

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31 May

Phillips 66 Expands Reach in Midland with Pinnacle Buy

Posted by: East Daley Analytics

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Phillips 66 (PSX) will acquire Pinnacle Midstream for $550MM in cash, advancing the company’s goal to expand into the Permian G&P business. PSX ...

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22 May

M&A Exerts a Gravity on Permian Rig Counts

Posted by: East Daley Analytics

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Like a force of gravity, upstream dealmaking is steadily pulling rig counts lower in the Permian Basin. Drilling activity is well below recent highs ...

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16 May