The Daley Note | Targa (3)

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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28 Mar

Is Mexico a Workaround for LPG Dock Constraint?

Posted by: East Daley Analytics

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Several market factors could support additional growth in liquefied petroleum gas (LPG) exports despite tightness at Gulf Coast docks.

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27 Mar

Kinetik Starts a Different Sort of Border Conflict

Posted by: East Daley Analytics

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Kinetik (KNTK) has started service on a new pipeline that extends the company’s West Texas G&P system into New Mexico, posing new competition for ...

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14 Mar

The Channel That Never Sleeps

Posted by: East Daley Analytics

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The Houston Ship Channel (HSC) is working around the clock to keep liquefied petroleum gas (LPG) cargoes moving, thanks to a recent change in local ...

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7 Mar

Chord, Enerplus Plan a Bakken Super-Merger

Posted by: East Daley Analytics

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Chord Energy (CHRD) and Enerplus (ERF) plan to merge in an $11B transaction, creating an E&P focused on Bakken oil development. Several midstream ...

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14 Feb

LPG Export Surge Pushes Docks to the Limit

Posted by: East Daley Analytics

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East Daley Analytics expects NGLs shipped to international markets in the form of liquefied petroleum gas (LPGs) to hit a record high in 4Q23, ...

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24 Jan

Permian Shrink Continues with $4.5B APA-Callon Deal

Posted by: East Daley Analytics

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APA Corp. (APA) will acquire Callon Petroleum (CPE) for $4.5B. The deal is likely to result in rig cuts, continuing the consolidation trend underway ...

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4 Jan

Best of 2023: Another One! ONEOK Adds to Permian NGL Pipeline Push

Posted by: East Daley Analytics

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Best of 2023: The Daley Note: August 29, 2023. ONEOK (OKE) is joining a push by industry to expand NGL pipelines out of the Permian Basin. On its ...

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3 Jan

Best of 2023: Barrels Wanted: $7.1B Crestwood Acquisition May Boost ET’s Downstream Volumes

Posted by: East Daley Analytics

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Best of 2023: The Daley Note: August 22, 2023. Energy Transfer (ET) plans to acquire Crestwood Equity (CEQP) for $7.1B in stock. The deal gives ET ...

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12 Dec