The E-P mix continues to struggle at Conway as rejection levels are increasing at a rapid pace in the Midcontinent. Thus there has been very low volatility at the hub and the price was the lowest at the hub this year
The U.S. government shutdown hasn’t had much of an impact on commodity prices thus far, although the industry will soon be forced to base some of its market movements on analyst forecasts and outlooks other than hard data from the government.
Even as producers have pulled back on rigs the last few years, shale plays continue to perform so strongly that gas production continues to climb. Looking ahead, this production is expected to continue to grow more as the rig count increases.
Commodity prices took a downturn this past week, which had the added effect of improving the majority of frac spread margins for natural gas liquids (NGL). For the most part, light NGLs were outperformed by their heavy counterparts.