Midstream & Transport Monitor - July 6, 2012
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The forward natural gas liquid (NGL) market continues to grow bleaker as storage levels rise and demand falls. Due to these factors, Wells Fargo altered its Mont Belvieu forward pricing estimates for NGLs from $1.28 per gallon (/gal) to 99¢/gal in the second half of 2012 and from $1.29/gal to $1.05/gal in 2013.