Robust exports, along with reduced production of propane, propels hypothetical NGL barrel to highest price since early May 2015.
Commodity price woes have stung even the resilient Permian Basin, but superior economics in the sweetest of the play’s areas keep the midstream buildout humming.
Crude by rail shipments continue to decline from their peak in 2013-2014.
How the industry ‘gets out of this mess’ will require addressing financial issues and carefully allocating capital. Opportunities remain.