Private vs Public Permian Rig Growth: Private E&Ps have returned rigs back to the Permian Basin at a faster rate than public operators as the basin recovers from the low of 116 average rigs for the week of August 2, 2020.
Apollo Mission: MPLX Sees Permian Recovery and Growth Opportunities: In MPLX’s 4Q2020 earnings call, management reported 438 MMcf/d gathered on its West Texas system, driving utilization to 73%. This marked a swifter recovery from 2020’s 3Q lows than we had anticipated, as reported numbers came 9% above East Daley’s system estimate and point to a potential need for system expansions.
Watch out for East Daley’s New Webinar on REX Pipeline: East Daley will host our next webinar, “A Rocky Road for Rockies Express Pipeline,” for clients on Thursday, Feb. 11.
North American Energy Indicators and Equity Prices