When last we visited Energy Transfer earlier in May, the midstream machine and its combo platter of crude oil, natural gas, and NGL energy infrastructure had just wrapped up a spectacular 1Q. Perhaps there was a twinkle in the eye from Executive Chairman Kelcy Warren as the company marked its achievements, the reap of rewards from last year’s $9 billion in acquisitions, and the not-so-subtle hint there could be more fish to fry given just the right cast. ...

We seriously need a drone to fully witness and appreciate the Great Permian Midstream Buildout underway. But since an aerial device isn’t in the budget, Reese Energy Consulting today will instead go micro-vision on the Permian’s Delaware, where one of its largest midstream operators is going full throttle to expand its natural gas bones. ...