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The Daley Note 1/5/2021

The Daley Note 1/5/2021

  • The Beast of the (Mariner) East: A judge at the Pennsylvania Environmental Hearing Board ruled that Energy Transfer (ET) does not have to re-route its Mariner East 2 (ME2) NGL pipeline, a small legal victory for ET that will allow the company to stick with its 2Q2021 expected completion date for now. (ET), (ME2)
  • Javelina Wine Mixer: Howard Energy Partners (HEP) executed an agreement to purchase the Javelina processing plant from MPLX, HEP announced last week. The acquisition is expected to close in early 2021. (HEP)
  • Bring Back the Rigs: U.S. rigs have consistently risen at a rate of ~8.5 rigs/week since September 2020. The notable basins that have gained rigs include the Permian, Eagle Ford, Anadarko, and DJ, which have gained an average of 4.9, 1.5, 0.7, and 0.7 rigs per week, respectively.
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