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The Daley Note 12/7/2020
The Daley Note 12/7/2020
- A Chevron Chops Its E&P Budget – Midstream Implications: Chevron (CVX) said it will slash its long-term capital and exploratory budget by ~25% to preserve its dividend amid lower oil and gas prices, a potential headwind for midstream companies including Energy Transfer (ET), DCP Midstream (DCP), and MPLX (MPLX) that gather and process for the major’s U.S. operations. (CVX, ET, DCP, MPLX)
- East Daley’s Latest Production & Constraint Forecasts Now Available: East Daley’s latest Production & Constraint Forecast reports and data sets have been updated and are now available for the following basins: Permian, Northeast, Denver-Julesburg, Powder River, Western Canadian Sedimentary Basin, and the Williston.
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