Keep Your Friends Close, but Your Enemies Closer: Midstream-Midstream Commercial Deals in a Disciplined Upstream Operator Environment


In the US domestic upstream oil and gas market, 2021 has been all about consolidation and exploration and production (E&P) companies focusing on disciplined growth and asset optimization. One upshot of this more disciplined oil and gas environment is that it has created some strange bedfellows. Some midstream companies, who typically compete with one another for E&P customers, are working together.