C5+ stock levels were down 48% over a year-on-year basis from October 2008 to October 2009 as stocks decreased from 961,000 barrels (bbl) to 503,000 bbl, according to the most recent information from the U.S. Energy Information Administration (EIA).
The October 2009 stock level represented a 41% decrease during a six-month period dating back to May 2009 and a 22% decrease from the September 2009 stock level of 644,000 bbl. These heavy decreases were due to October 2009 representing the smallest single-month stock level during the past 17 years.
The EIA defines pentanes plus as “a mixture of hydrocarbons, mostly pentanes and heavier, extracted from natural gas. Includes isopentane, natural gasoline, and plant condensate.” – Frank Nieto
Recommended Reading
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
TechnipFMC Eyes $30B in Subsea Orders by 2025
2024-02-23 - TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
2024-02-19 - Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
ProPetro Reports Material Weakness in Financial Reporting Controls
2024-03-14 - ProPetro identified a material weakness in internal controls over financial reporting, the oilfield services firm said in a filing.