The Daley Note | Oneok (3)

$3.3B EnLink Deal Moves the Needle for ONEOK

Posted by: East Daley Analytics

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ONEOK (OKE) is acquiring EnLink Midstream (ENLC) for $3.3B. The purchase will move the needle in several ways for the company: ENLC assets will ...

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27 Aug

One Simple Trick to Solve ONEOK Contracting Risk

Posted by: East Daley Analytics

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ONEOK (OKE) faces a big contract cliff in 2028 on West Texas NGL, the company’s NGL pipeline system in the Permian Basin. The company can mitigate ...

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13 Aug

Permian NGL Dynamic Ready to Flip, Leaving Some Behind

Posted by: East Daley Analytics

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NGL takeaway capacity is extremely tight right now from the Permian Basin, but that dynamic is about to change. Almost 1.2 MMb/d of pipeline capacity ...

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6 Aug

Bakken NGL Battle Creates Downside for ONEOK

Posted by: East Daley Analytics

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The battle for Bakken NGLs could prove a costly one for ONEOK (OKE). Kinder Morgan (KMI) is taking on the basin leader with its decision to convert ...

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31 Jul

Another NGL Knife Fight (Bakken Edition)

Posted by: East Daley Analytics

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Kinder Morgan’s (KMI) conversion of Double H Pipeline from crude to an NGLs pipe is poised to disrupt the Bakken NGL market. The move poses a direct ...

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23 Jul

Double H Conversion to Double Bakken Volatility

Posted by: Kristy Oleszek

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Kinder Morgan (KMI) plans to convert the Double H crude oil pipeline out of the Bakken to NGL service. The project is a shot across the bow of ONEOK ...

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6 Jun

After Marathon Deal, Conoco has Bakken in Crosshairs

Posted by: East Daley Analytics

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ConocoPhillips (COP) will acquire Marathon Oil (MRO) for $17.1B, creating a ‘super-independent’ with operations across leading US basins. COP said it ...

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17 May

Gas Constraints Could Limit Bakken Oil Growth

Posted by: East Daley Analytics

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Gas pipelines out of North Dakota's Williston Basin are filling up, to the point where growth in crude oil production could become constrained.

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2 Apr

The Second Coming of GC Fractionator

Posted by: East Daley Analytics

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A frac is risen in southeastern Texas. The imminent restart of Gulf Coast Fractionator (GCF) says a lot about the state of NGL markets and a fairly ...

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7 Mar