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The Daley Note 1/13/2021

The Daley Note 1/13/2021

  • Bucking Horse Brings Backup: Crestwood’s Bucking Horse system in the Powder River Basin has not seen any producer activity since April 2020, yet the company is optimistic about 1Q21 gathering and processing volumes. Based on area residue receipts, East Daley believes CEQP’s expected volume increase is due to an alternative source.
  • MPLX Holds Steady in Northeast: With MPLX’s 4Q20 earnings call approaching, we expect the company to report flat to slightly lower volumes on its Northeast gathering and processing assets vs. 3Q20 based on our sample of residue gas deliveries to interstate pipelines.
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