Crude-oil-focused drilling and completion in the Permian Basin is generating fast-increasing volumes of associated gas — and creating opportunities for midstream companies that provide “wellhead-to-water” services for natural gas and NGLs. ONEOK has become a much bigger player in this space via several transformational acquisitions and MPLX has been making moves of its own. (The companies also are working together on a new LPG export terminal — and more.) In today’s RBN blog, we continue our review of Permian-to-Gulf midstreamers’ expansion plans with a look at what ONEOK and MPLX are up to.
The RBN NGL Analytic Suite delivers timely updates and outlooks on the domestic propane market, as well as U.S. LPG and ethane exports. The suite includes the bi-monthly NGL Voyager report and the weekly and monthly U.S. Propane Billboard.
This is the third blog in our series on the handful of companies that offer the full gamut of midstream services and thereby reap the benefits of operating with extraordinary efficiency, collecting fees from shippers each step of the way, and feeding pipelines, fractionators, storage and export terminals along the network’s value chain. In Part 1, we detailed plans by Enterprise Products Partners and Energy Transfer to build new gas processing plants, add NGL pipeline and fractionation capacity, and expand their already significant ability to export NGL purity products like propane and butanes. (Energy Transfer is also building a new, long-haul gas pipeline.) In Part 2, we examined the recently updated capex plans of Targa Resources and Phillips 66 (P66). Targa has a long list of projects planned, including five gas processing plants, an NGL pipeline (Delaware Express), new fractionators and expanded LPG export capacity, while P66 has been growing its midstream portfolio primarily through acquisitions (including Pinnacle Midstream and — later this year — EPIC NGL).
In today’s blog, we turn our attention to ONEOK and MPLX. ONEOK, like P66, has become a significant player in Permian-to-Gulf midstream infrastructure in large part by buying assets and entire companies. And, unlike the midstreamers that focus on processing and moving natural gas and NGLs (and exporting NGL purity products), it also transports, stores and exports Permian-sourced crude oil.
Figure 1. ONEOK Assets and Projects in Permian-to-Gulf Region. Source: RBN
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About the song
“Don’t Stop” was written by Christine McVie and appears as the fourth cut on side one of Fleetwood Mac’s 11th studio album, Rumours. The song was written about staying strong and positive after McVie’s separation from husband and Fleetwood Mac bassist John McVie. It was released as a single in March 1977 and went to #3 on the Billboard Hot 100 chart. Fleetwood Mac performed “Don't Stop” at President Bill Clinton's inaugural ball in 1993. Clinton had used the song extensively during his election campaign. Personnel on the record were: Christine McVie (piano, lead vocals), Lindsey Buckingham (guitar, lead vocals), Stevie Nicks (tambourine, backing vocals), Mick Fleetwood (drums) and John McVie (bass).
Rumours was recorded during 1976 at The Record Plant in Sausalito, CA, and Wally Heider Studios in Los Angeles. It was produced by the band with Ken Caillat and Richard Dashut. The LP was released in February 1977 and went to #1 on the Billboard Top 200 Albums chart. Four Top 10 singles were released from the album. It won a Grammy Award for Album of the Year in 1978. Rumours has been certified 2x Diamond (20 million in sales) by the Recording Industry Association of America. It has sold more than 40 million copies worldwide, making it one of the best-selling albums of all time.
Fleetwood Mc has released 18 studio albums, 10 live albums, 23 compilation albums, one EP, and 62 singles. The band has won four American Music Awards, two Brit Awards, three Grammy Awards, and was inducted into the Rock and Roll Hall of Fame in 1998. It last toured on the band’s An Evening with Fleetwood Mac tour, which began in October 2018 and ended in November 2019. The tour featured long-time Fleetwood Mac members Mick Fleetwood, John McVie, Christine McVie and Stevie Nicks, joined by Neil Finn (Crowded House) and Mike Campbell (Tom Petty and the Heartbreakers). Former Fleetwood Mac guitarist Danny Kirwin died in June 2018 at the age of 68. Former guitarist Peter Green died in July 2020 at 73. Singer, keyboardist, songwriter Christine McVie died in November 2022 at 79. In an interview with Mojo magazine in September 2024, Mick Fleetwood said that he was open to re-forming the band.
