Recoverybear
Oct 15, 9:17 PM
$BATL when major midstream operators (
$ET $KMI $ENB ) face maintenance, PHMSA compliance mandates, or localized capacity limits, regional pipeline pressure builds up.
This limits takeaway flexibility out of West Texas (Waha Hub) and keeps regional gas prices severely depressed or negative, disincentivizing operators like
$BATL from accelerating production releases.
$BATL was previously bottlenecked by treating limits (~35 MMcf/d). Even after expanding long-term compression capacity to >50 MMcf/d via
$TRGP , production scale-up requires synchronized off-take capacity down the midstream chain.
$ET is leaving the NYSE voluntarily to be the blue chip in the Texas stock exchange- after they acquired.
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