Energy Market Commentary // NGLs

Ethane Recovery Outlook in 2020

January 7, 2020 | Hamp Smith

As most of us following energy markets know, 2019 was not a strong year for natural gas liquids pricing. Ethane was priced at just 17 cents per gallon at market close for the final day of trading in 2019,...
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NGL Pricing Drop Erodes Uplift to Zero

September 24, 2019 | Hamp Smith

In the wake of second quarter earnings last month, BTU Analytics discussed how NGL pricing in 2019 compares to historical averages as operators shift to liquids-rich portions of their acreage. Purity product pricing dipped well below five-year averages this...
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NGL Uplift Drying Up in 2019?

August 16, 2019 | Hamp Smith

Second quarter earnings announcements have shaken up the outlook for gas plays going into the second half of 2019. Diversified operators, such as Chesapeake, intend to pivot to growth in oil production, but not all producers can toggle between...
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Propane Prices to See 4th of July Fireworks?

July 3, 2019 | Matt Hagerty

Summer always seems to arrive at the perfect time. The 2019 summer is no different, especially if you are looking for some much-needed support for propane prices. Propane pricing has weakened significantly over the past year, but today we’ll...
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Appalachian Production Constrained by Liquids Infrastructure

April 2, 2019 | Anna Lenzmeier

A perfect storm of outage-driven constraints continues to disrupt supply in the Marcellus and Utica. The outages resulted in natural gas liquids supply dropping by an unprecedented 55 Mb/d month over month in December. The outages highlight the fragility...
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NGL Fractionation Capacity: Building with 2020 Vision

March 12, 2019 | Hamp Smith

Natural gas liquid (NGL) infrastructure constraints impeded growth in 2018 and led to wider differentials between key NGL pricing hubs. Additionally, NGL fractionation capacity failed to keep up with rising demand. The gap in capacity led to stronger pricing...
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Changes on the Horizon with Mariner East 2

November 6, 2018 | BTU Analytics

Changes are on the horizon for natural gas liquids (NGLs) production in the Northeast. In late October, Energy Transfer Partners announced that they expect Mariner East 2 (ME2) to enter service “shortly” as the first phase is nearly mechanically...
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