Newer, lower-cost pipelines and cheap expansion projects have overwhelmed the Permian, North America’s biggest oil market, and disrupted fee-for-service revenues of the legacy operators. Recent higher WTI prices however point to higher production forecasts than we previously expected, somewhat brightening the outlook for Permian egress pipelines.
U.S. natural gas storage posted the second-largest withdrawal on record last week, and the largest ever in the South-Central producing region, amid a bitter Arctic front that has erased a persistent storage overhang and tightened the 2021 gas market.
Analysts from East Daley’s capital and commodities teams hosted a fireside chat-style webinar Thursday afternoon to discuss midstream impacts of Energy Transfer’s (ET) $7.2 billion equity acquisition of Enable Midstream (ENBL). (ET) (ENBL)
North American Energy Indicators and Equity Prices