OneOk and MPLX have entered into definitive agreements to form a strategic joint venture to construct a 400 MBPD liquified petroleum (LPG) export terminal in Texas City, TX.  The proposed large-scale LPG export terminal will complete OneOk’s and MPLX’s full vertical integration of its’ NGL midstream value chain. In addition,

On Jan 10th, 2025, Phillips 66 (“P66”) announced its acquisition of EPIC Y-Grade, further strengthening its position in the natural gas liquids (NGLs) market, particularly as it related to the prolific Permian basin. This move expands P66’s already impressive portfolio, which includes complete vertical integration of NGL assets such as

Over the past decade, the U.S. has become a leading ethane exporter, fueled by abundant supply, growing global demand for lighter petrochemical feedstocks, competitive pricing, and long-term customer contracts that enabled substantial investments in export infrastructure. As of September 2024, U.S. waterborne exports reached ~0.4 MMBPD, or 15% of domestic

In September 2024, ONEOK announced its strategic acquisition of a controlling interest in EnLink from Global Infrastructure Partners (GIP) along with its plans to acquire all EnLink’s publicly held interest. This acquisition is a significant strategic step for ONEOK, positioning it to not only gain a foothold in the prolific

Growth in hydrocarbon production continues to impress the markets despite producer capital discipline. While U.S. producers have maintained strict capital control, production is still increasing at an extraordinary pace. For instance, Permian natural gas production has surged by ~3.5 Bcf/d from January 2023 through Q2 2024, with forecasts suggesting an

It is easy to forget about Eagle Ford shale play when you have Permian hydrocarbon production growing at astounding rate supported by continued capital inflow and robust M&A activity. While U.S. majors are pouring billions of dollars into the Permian Basin, international energy companies are all-in on the Eagle Ford