NGL ‘barrel’ price climbs to 5-week high as frac spread margins widen for all but ethane at two major hubs.
Ethane prices rise with the sector on the verge of higher demand.
The bearish crude oil outlook will shift as geopolitical uncertainty continues through a warm summer.
"In the next 90 to 100 days, if we don't have a couple hundred million dollars of acquisitions or projects ... we will be very disappointed," said Tallgrass CEO David Dehaemers.
Domestic limits mean that the industry will have to pursue export markets.
Ethane prices remain buoyant as other NGL sink, but the summer is looking volatile.
Gulf Coast crackers will come online and increase demand, but prices won’t rise like many would like, Bernstein says in a new report.
Sabina Walia brings natural gas and liquids experience to Houston pipeline practice
CEO Jim Teague emphasized export markets during a talk to upstream executives.
For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.
NGL prices continue to rally, with optimism about ethane’s outlook.
U.S. shale production in May was set for its biggest monthly increase in more than two years as producers stepped up their drilling activity with oil prices hovering at over $50 a barrel.