ONEOK and Plains All American have acquired the Ontario Municipal Employees Retirement System's (OMERS) stake in BridgeTex Pipeline, positioning the company to capitalize on tightening Permian oil egress and rising demand for crude transport to the Gulf Coast. The move comes amid broader market changes, including declining NGL export rates due to increased supply from U.S. and international expansions, a 12% quarter-over-quarter drop in Permian Basin drilling rigs, and growing investment in pipeline infrastructure such as Energy Transfer's Transwestern expansion and Venture Global's $15.1B LNG projects. US propane exports remain steady with minor headwinds from trade tensions, while ethane continues to support global plastics demand. Key infrastructure developments include Williams' Louisiana Energy Gateway and Energy Transfer's FID for a 1.5 Bcf/d capacity increase in Transwestern.

Energy Transfer (ET) has reached a final investment decision (FID) on the Desert Southwest pipeline expansion, which will add 516 miles of 42-inch pipe from Texas to central Arizona, increasing capacity to 1.5 billion cubic feet per day (Bcf/d). The project aims to improve market access for Permian Basin natural gas supply and could reduce reliance on a competing pipeline proposal by Kinder Morgan (KMI). ET expects the project to come online in the fourth quarter of 2029. The expansion is expected to alleviate supply constraints in the Southwest region, support growing demand from data centers and the upcoming ECA LNG project in Mexico, and provide additional egress for Permian shippers. The move may also benefit San Juan Basin producers by freeing up pipeline capacity, though it risks reducing their competitive edge if Permian production expands rapidly. The project will include an open season later in the third quarter of 2025, with potential for future capacity expansion beyond 1.5 Bcf/d. Meanwhile, U.S. natural gas volumes declined slightly, and prices remain near $3.00/MMBtu with some downward pressure in the prompt-month contract.

Raymond James reaffirmed a Buy rating on Energy Transfer LP (ET) with a price target of $24.00 following the company's fiscal Q2 2025 earnings report. The report highlighted a net income of $1.16 billion and adjusted EBITDA of $3.87 billion, both up from the prior year. The company reported $1.04 billion in growth capital expenditures and $253 million in maintenance capital expenditures. Energy Transfer operates in natural gas pipeline transmission and transportation across multiple segments, including intrastate and interstate transportation, midstream services, NGL and refined products, crude oil transportation, and investments in Sunoco LP and USAC.

The former Marathon Oil headquarters at 990 Town and Country Blvd. in Houston has been sold to local developer MetroNational in a significant real estate transaction, marking the end of an era for the energy giant. The 15-story, 442,000-square-foot building, completed in 2022, was left largely vacant due to widespread layoffs following Marathon Oil's consolidation after being acquired by ConocoPhillips in a $22.5 billion deal. The sale comes just a year after the merger and coincides with Texas state plans to eliminate over 500 positions at the Houston site. The building, designed by Munoz + Albin and developed by Hines, is located at the intersection of I-10 and Beltway 8, adjacent to CityCentre. The property is now part of MetroNational's expanding West Houston portfolio. Meanwhile, Marathon Oil's previous Galleria headquarters at 5555 San Felipe was acquired by Energy Transfer, which is also undergoing restructuring through its internal 'Streamline' initiative and expected to announce further layoffs in late 2025.

Energy Transfer LP has announced that its management will participate in informational sessions for investors and analysts at Citi’s 2025 Natural Resources Conference, scheduled from August 12 to 14 in Las Vegas. The company plans to provide updates on its business segments and growth projects, which may influence its operational strategy and stakeholder engagement. The most recent analyst rating for Energy Transfer stock is a Buy with a $23.00 price target, and the stock is rated 'Outperform' by Spark’s TipRanks AI Analyst. The company is noted for solid financial health, strong cash flow, and an attractive dividend yield, though high leverage and segment-specific challenges have tempered the outlook. Technical indicators suggest neutral market sentiment and moderate growth expectations. Energy Transfer operates in the energy infrastructure sector, focusing on the transportation and storage of natural gas, crude oil, and natural gas liquids.