Locator: 47986B.
Smoke and mirrors:
- McDonald's announces $5-meal --- a one-month promotion
- Jeep announces a $25K SUV all-electric EV -- "very soon"
Shell: to cut staff from its offshore wind business. Link here.
India: power demand hits an all-time high; heat wave. Link here.
The Permian: getting gassier. Nice article alongside the RBN Energy blog this morning.
Getting desperate: Schumer -- yes, that Schumer -- calling for investigations over suggestions of collusion in the oil sector.
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Back to the Bakken
WTI: $79.08. Down overnight, but just went "green" --> $79.30. Whoo-hoo!
Friday, May 31, 2024: 43 for the month; 107 for the quarter, 306 for the year
None.
Thursday, May 30, 2024: 43 for the month; 107 for the quarter, 306 for the year
39655, conf, Hess, GO-Bergstrom-156-98-2734H-3,
RBN Energy: how Energy Transfer's WTG Midstream buy will add to its Permian heft. Just as we are starting to see more articles on the Permian getting gassier.
Energy Transfer is yet again slaking its acquisition appetite by gobbling up another natural gas gatherer and processor to further expand its already formidable Permian footprint. The company announced May 28 that it has struck a $3.25 billion cash-and-stock deal to buy WTG Midstream, a West Texas-based and private equity-backed operator whose Permian assets will boost the acquiring company’s access to gas and NGL volumes as the U.S. midstream sector shows continued consolidation. In today’s RBN blog, we’ll look at how the addition of WTG’s midstream holdings will enhance Energy Transfer’s asset lineup, including its ongoing NGL export and storage expansions.
This is a pretty cool graphic.
Remember this graphic from October 16, 2015?
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