The Daley Note | Crude (7)

Bill Coming Due for Refiners as TMX Nears Completion

Posted by: East Daley Analytics

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As the Trans Mountain Pipeline Expansion (TMX) moves closer to start-up, the cost to US refiners and midstream operators is coming into sharper view. ...

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2 Feb

Permian Production Exits 2023 at a Record High

Posted by: East Daley Analytics

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Crude oil production from the Permian Basin exited 2023 at an all-time high of 6,115 Mb/d, according to East Daley Analytics’ forecast, punctuating a ...

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30 Jan

Sunoco’s $7.3B NuStar Deal Opens Options for Energy Transfer

Posted by: East Daley Analytics

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Sunoco LP (SUN) is acquiring NuStar (NS) in an all-stock deal worth $7.3B. The transaction will impact earnings and, potentially, future options for ...

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25 Jan

Kinder Morgan Results Miss Consensus, 1% above EDA in 4Q

Posted by: East Daley Analytics

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Kinder Morgan (KMI) reported 4Q23 Adj. EBITDA below Street estimates last week, confirming a forecast by East Daley Analytics for a disappointing ...

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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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12 Jan

DJ Basin Crude Recovery is Nearly Complete

Posted by: East Daley Analytics

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Oil production in the Denver Julesburg Basin has been steadily rebounding off lows hit during the 2020 downturn and will near pre-COVID output in ...

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5 Jan

Best of 2023: TMX Earthquake to Send Tremors Through US Crude

Posted by: East Daley Analytics

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Best of 2023: The Daley Note: September 6, 2023. Canada’s Trans Mountain Pipeline expansion (TMX) will have consequences for markets across North ...

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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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29 Dec