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The Daley Note 2/26/2021
The Daley Note 2/26/2021
- 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
- North American Natural Gas Prices
- North American Crude Oil Prices
- North American Natural Gas Liquids Prices