Staggering production numbers build a case for U.S. exports, Tillman said.
NGL prices improved the week of Sept. 3 as several ethane crackers returned to service after undergoing unexpected turnarounds.
The company has averaged $1 billion in acquisitions annually during the past five years.
Despite price increases this week, ethane prices are expected to struggle until winter at the earliest.
Mont Belvieu ethane prices improved alongside natural gas prices as a result of an increase in late summer cooling demand. However, gains were small and frac spread margins continue to be challenged as they remained firmly negative for the final week of August.
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 Eagle Ford Shale has a lot going for it, but challenges lie ahead as the big unconventional play continues to evolve.
Enbridge Energy Partners LP (EEP) received a proposal initiated by Enbridge Inc., under which Enbridge would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline to EEP for total consideration of about $900 million.
Tennessee Gas Pipeline Co. (TGP), a Kinder Morgan Energy Partners LP company, filed a proposal with the Maine Public Utilities Commission to offer the state of Maine a long-term contract for gas pipeline capacity, with the goal of lowering energy costs for Maine consumers.
Key North American Hub Prices: September 17, 2014
Key North American Hub Prices: September 16, 2014
A Wells Fargo Securities report stated that potential delays in construction of new petrochemical infrastructure could keep NGL prices at low levels.
The dominant players remain atop our processor and NGL producer rankings with large merger and acquisition moves being the big story of the year.
Pennsylvania-based The Linde Group added a petrochemical plant business unit to its engineering division offices in Houston, Texas.
According to the latest report from research and consulting firm GlobalData, Global polypropylene capacity increased at a compound annual growth rate (CAGR) of 5.2% from 2003 to reach 65 million tons per year (mtpy) in 2013.
Houston-based Westlake Chemical Partners LP, a limited partnership formed to operate, acquire and develop ethylene production facilities and related assets, launched its IPO of 11,250,000 common units representing limited partner interests.
Koch Industries Inc.’s subsidiary Flint Hills Resources LLC significantly expanded its chemicals business with the completion of its purchase of PetroLogistics LP and its general partner, PetroLogistics GP LLC.