The Daley Note

Permian NGL Race Heats Up as MPLX Strikes Deal for BANGL

Posted by: Julian Renton

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MPLX will acquire the remaining 55% interest in BANGL Pipeline for $715MM from affiliates of WhiteWater and Diamondback Energy. The deal is the next ...

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12 Feb

The Perfect Couple: ONEOK, MPLX Partner on Downstream NGL Projects

Posted by: Rob Wilson

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ONEOK (OKE) and MPLX (MPLX) have partnered to build out the downstream component of their NGL value chain. The arrangement is one East Daley ...

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5 Feb

Hess Takes the Over on Bakken Growth

Posted by: Rob Wilson

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East Daley forecasts Bakken rich gas to grow at a 2% CAGR from 2024 to ’26, and Hess Midstream (HESM) just took the over on that line. The company ...

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22 Jan

Targa’s Daytona Drives Another NGL Record

Posted by: Rob Wilson

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NGL production hit yet another record in Oct ’24 thanks to the early start of Targa Resources’ (TRGP) Daytona NGL Pipeline. New data confirms the ...

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14 Jan

EPIC! $2.2B Deal Vaults Phillips 66 to Midstream Elite

Posted by: Rob Wilson

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Phillips 66 (PSX) will buy EPIC Y-Grade’s NGL business for $2.2B in cash. The deal elevates PSX into an elite group of major integrated NGL players ...

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9 Jan

Ethane Leads Permian Supply Surge in 2024

Posted by: Rob Wilson

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The quiet star of the Permian Basin in 2024 was ethane, re-establishing the benchmark for potential growth. Permian ethane supply hit multiple ...

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2 Jan

Best of 2024: One Simple Trick to Solve ONEOK Contracting Risk

Posted by: East Daley Analytics

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Best of 2024: The Daley Note: August 27, 2024. ONEOK (OKE) faces a big contract cliff in 2028 on West Texas NGL, the company’s NGL pipeline system in ...

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27 Dec

Best of 2024: Double H Conversion to Double Bakken Volatility

Posted by: Kristy Oleszek

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Best of 2024: The Daley Note: July 23, 2024. Kinder Morgan (KMI) plans to convert the Double H crude oil pipeline out of the Bakken to NGL service. ...

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13 Dec

Wheelin’ ONEOK Sells Gas Pipelines to DTM

Posted by: Ajay Bakshani

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DT Midstream (DTM) acquired ONEOK’s (OKE) wholly-owned interstate gas pipelines (Guardian, Viking, and Midwestern Gas Transmission) for $1.2B. The ...

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5 Dec