Mont Belvieu ethane prices improved alongside natural gas prices as a result of an increase in late summer cooling demand. However, gains were small and frac spread margins continue to be challenged as they remained firmly negative for the final week of August.
In South Texas and North Dakota, where shale drilling has propelled U.S. oil production to the highest level in 28 years, thousands of 18-wheel trucks are rumbling to wells on roads designed decades ago for farmers to bring crops to markets.
Price pressures on commodities are likely to drive more deals and private equity will likely continue to invest.
Producers cannot escape the grip of regulation.
Data output, along with oil and gas, soars in the shale boom.