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The Daley Note 2/11/2021

The Daley Note 2/11/2021

  • 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
  • North American Natural Gas Prices
  • North American Crude Oil Prices
  • North American Natural Gas Liquids Prices