Price retreat by crude oil and natural gas drags NGL down for third straight week.
Targa, ONEOK differ in abilities to transport ethane via own NGL pipelines.
NGL barrel enjoys strong bounce in second quarter over first, but prices ease over past week.
Continued rise in oil, natural gas prices lifts all NGL except for Conway natural gasoline.
NGL ‘barrel’ slips in price but remains well above levels of a year ago.
At DUG East, Stratas Advisors analyst Greg Haas pointed to several factors that will bolster NGL prices by 2020.
Geopolitical risk casts shadow over outlook, but NGL ‘barrel’ price bounces back up as ethane continues its rally.
The facility has six truck unloading and loading areas. The facility has direct access to U.S. Highway 190 to receive incoming trucked liquids.
Total output is expected to fall 118,000 bbl/d to 4.723 MMbbl/d in July, according to the U.S. Energy Information Administration's (EIA) drilling productivity report.
Ethane’s rally continues as other NGL slip; crude storage expansion is the largest ever recorded by EIA over six months.
The entire Mackenzie gas project would develop three natural gas fields in and near the Mackenzie Delta, and transport the gas and NGL to southern markets via a total of 1,842 kilometers of pipelines.
NGL prices hold steady, but natural gasoline continues its weekly advancement and monthly total for May easily outpaced April.