The dominant players remain atop our processor and NGL producer rankings with large merger and acquisition moves being the big story of the year.
NGL prices improved the week of Sept. 3 as several ethane crackers returned to service after undergoing unexpected turnarounds.
Company’s strategy centers around developing specific plays, CEO McClendon says.
Kinder Morgan Energy Partners LP announced the launch of a binding open season to solicit commitments for the previously announced Utica To Ontario Pipeline Access (UTOPIA) project.
Despite price increases this week, ethane prices are expected to struggle until winter at the earliest.
A sluggish summer for commodity prices is fast drawing to a close and producers can only hope that a repeat of last winter will spur demand and increase prices for propane and natural gas.
The lingering oversupply of ethane produced from U.S. unconventional shales may right itself—but it will take a few years and strong exports.
AltaGas Ltd. and Painted Pony Petroleum Ltd. signed definitive agreements to enter a 15-year strategic alliance for the development of processing infrastructure and marketing services for natural gas and NGL, the companies announced Aug. 19.
As we enter August, the winter of 2014 is a distant memory along with the gas shortages and high prices that it brought with it. The first week of August 2014 looks an awful lot like the same time last year with one key difference: even worse NGL prices and improved gas prices. It’s the worst of both worlds for NGL producers as frac spread margins are now worse off than a year ago.
EnLink Midstream Partners LP and EnLink Midstream LLC announced two new growth projects in the Permian Basin and south Louisiana, the companies said in a statement.
The NGL market is experiencing a down period this summer as infrastructure outages, construction delays and cool weather have combined to make this a lost season.
As July draws to a close, ethane prices remain in free fall with major headwinds working against them, primarily in the form of plant outages that have severely reduced domestic cracking capacity.