Frac spread margins rebounded strongly off of the NGL price stabilization this week and sharp declines in feedstock prices.

Conway had the two biggest increases with iso-butane increasing 24% and ethane increasing 13%. The NGL with the lowest increase in frac spread margins in Kansas was pentanes-plus, which rose by 3%.

All NGLs in Mont Belvieu reported increases in frac spread margins, although the increases were less pronounced than in Conway this week. The largest gainer was propane, which rose 6%. The NGL with the lowest frac spread margin increase ...