NGL prices slump as doubt about OPEC’s production cut and a warm winter cast gloom.
Energy Transfer To Construct Fifth Fractionation Facility At Mont Belvieu
Western Canada’s big unconventional play has its merits and its challenges. Improving midstream infrastructure will help producers tap its riches.
North America is driving growth for worldwide NGL.
Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.
Speculative traders trying to gauge OPEC’s commitment to production cuts could leave the markets bruised.
The long-term outlook for NGL is bright, even with last week’s declines.
North American petrochem manufacturing is in the midst of a boom, thanks to the abundance of low-cost feedstocks produced from the shale plays. This is all good for Appalachian NGL producers.
MUM speakers say Marcellus-Utica is on the verge of an NGL boom.
In the Permian shale play of West Texas and New Mexico, output is forecast to rise in what would be the biggest monthly rise since January 2016.
Short-term NGL price jolts are ephemeral, but long-term plans carry risk as well.
Recent decisions from Ottawa and Washington could dramatically drive up North American demand for pentanes-plus as a diluent.